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This allows employers to adopt a single metric for comparison with the full-time average. For example, a full week of 40 hours has an FTE value of 1.0, so a person working 20 hours would have an FTE value of 0.5. Certain industries may adopt 35 hours, depending on the company, its location and the nature of work. Whole-time equivalent (WTE) is ...
The distinction between a full-time and part-time student varies markedly from country to country. As an example, in the United States a student is commonly defined as being in full-time education when they undertake 12 or more credit hours. This translates to 12 "hours" (often of 50 minutes instead of 60 minutes each) in class per week.
The OECD (Organization for Economic Co-operation and Development) dataset contains data on average annual wages for full-time and full-year equivalent employees in the total economy. Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of ...
Some countries use only the full-time working population for the calculation of national gender gaps. [22] [23] Others are based on a sample from the entire working population of a country (including part-time workers), in which case the full-time equivalent (FTE) is used to obtain the remuneration for an equal amount of paid hours worked.
Full-time equivalent, the total hours contracted to a group of employees, divided by the hours worked by a full-time employee; ... FTE automotive, ...
Full-time mother, a woman whose work is running or managing her family's home; Full-time father, a father who is the main caregiver of the children and is generally the homemaker of the household; Full-time equivalent, a unit that indicates the workload of an employed person or student; Full-time (sports), the end of the game; Full Time, a 2021 ...
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Two employees working for 1,040 hours each would consume one FTE between the two of them.” is incorrect. Consuming 2,080 hours or 1 fte does not make you work 2,080 hours (as stated in the article) so, working 2 x 1,040 hours does not make you consume 1 fte or 2,080 hours. It will probably consume much more hours.