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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.
Full-time equivalent, the total hours contracted to a group of employees, divided by the hours worked by a full-time employee; ... FTE automotive, ...
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.
Any employee who works 40 or more hours a week is treated as one full-time equivalent. An employee who works less than 35 hours a week cannot be treated as a full-time equivalent. Employees who work between 35 and 40 hours may be treated as full-time equivalent if this is accepted in the employer's regular course of business.
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 ...
The example in the article: “For example, if the work year is defined as 2,080 hours, then one worker occupying a paid full time job all year would consume one FTE. Two employees working for 1,040 hours each would consume one FTE between the two of them.” is incorrect.
Based on market forwards as of year-end, we anticipate net interest income to be in the range of $815 million to $840 million with a full-year FTE margin of 3.45 to 3.55.
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. [1]