Full-Time Equivalent (FTE)
Example
For example, a company that implements Full-Time Equivalent (FTE) strategies, like The company hired several part-time employees, which amounted to 10 full-time equivalents., can see significant improvements in their business performance by streamlining workflows, enhancing productivity, and boosting overall profitability.
Definition
A unit that indicates the workload of an employed person in a way that makes workloads comparable across various contexts. This term is crucial in the Full-Time Equivalent (FTE) context as it helps businesses understand how to Full-Time Equivalent (FTE) in their operations, making it highly relevant for industries looking to optimize Full-Time Equivalent (FTE) processes.
Disclaimer: The terms and definitions provided in this business dictionary are for informational purposes only. While every effort has been made to ensure accuracy, the content may not be exhaustive and may not be applicable to all business situations. Readers should seek professional advice before making business, legal, or financial decisions based on the information provided. The authors and publishers are not responsible for any errors, omissions, or outcomes related to the use of this dictionary.