Full Time Equivalent (FTE) refers to the unit of measurement equivalent to an individual – worker or student – one unit of a work or school day, applicable in a variety of contexts. A practical guide to FTE calculations 15 November 2012 Purpose This short paper aims to explain how different full-time equivalent numbers (FTEs) are calculated, the purpose, the intended audience and the ‘pros and cons’ of the various reporting methods. Find out what is the full meaning of FTE on Abbreviations.com! Subscribe to Nurse Leader Insider! The official site of the Health Insurance Marketplace. The employee has a regular (not temporary) budgeted assignment of 75% of a full-time position (either 28 hours per week for non-exempt positions, which normally work 37.5 hrs per week; or 30 hours for exempt positions normally working 40 hrs per week). Want to receive articles like this one in your inbox? To calculate the number of their FTE employees, employers need to add up the hours worked by all of their part-time employees in a year, and divide that amount by 2,080 (the number of hours that would equal 40 hours a week for 52 weeks). Your FTE number determines whether you’re seen as an applicable large employer, or ALE.

For example, if a position has an FTE of six to which four employees (each with an FTE of one) are assigned, the remaining headcount of two is a vacant expense. 'Full Time Equivalent' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. Im currently applying for jobs and have seen a job that states it is £16500FTE depending on experience Its in a college and states the work is term time only although doesnt clarify how many hours! Full Time Equivalent (FTE) refers to the unit of measurement equivalent to an individual – worker or student – one unit of a work or school day, applicable in a variety of contexts. News & information from the HealthCare.gov blog Please select a topic. Full-time employees (who work 30+ hours per week) … Starting a Business. Learn how the health care law affects you at Healthcare.gov. Tracking FTE is a typical way employers monitor employees’ workloads so future budgeting and staffing can be properly planned for. 8 hours per day × 6 days per pay period = 48 hours per pay period divided by 80 hours/FTE = 0.6 FTE 12 hours/day × 6 days/pay period = 72 hours/pay period divided by 80 hours/FTE = 0.9 FTE Editor's note: This is a book excerpt adapted from The Nurse Leader's Guide to Business Skills: Strategies for Optimizing Financial Performance by Pamela Hunt, BS, MSN, RN, and Deborah Laughon, RN, BSN, … Learn how the health care law affects you at Healthcare.gov. Tracking FTE is a typical way employers monitor employees’ workloads so future budgeting and staffing can be properly planned for. A full-time equivalent employee is a combination of employees, each of whom individually is not a full-time employee, but who, in combination, are equivalent to a full-time employee. The official site of the Health Insurance Marketplace. What does FTE stand for in Health? FTE stands for full-time equivalent (not full-time employee) and translates the total hours worked by part-time employees into the number of equivalent full-time employees. What does FTE stand for in Health? For example, two employees who each work an average of 15 hours per week are equivalent to … Medical FTE abbreviation meaning defined here. However, according to the ACA, an FTE is one who works an average of 30 hours per week. 'Full Time Equivalent' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource.

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