HR Glossary

What is FTE (Full-Time Equivalent)?

A unit of measurement that standardizes employee workloads by converting part-time, seasonal, and contract hours into the equivalent of a full-time worker, typically based on a 40-hour workweek or 2,080 annual hours.

Why it matters in hiring

FTE (Full-Time Equivalent) comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with F

• Factories Act
• Fair Labor Standards Act (FLSA)
• Fair Work Act (Australia)
• Family and Medical Leave Act (FMLA)
• Federal Minimum Wage
• Federal Tax
• FICA
• Flexible Benefits (Cafeteria Plan)

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.