Excel FTE Calculator
FTE Calculator
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Benefits of Using an FTE Calculator:
- Better Understand your Workforce - By using an FTE calculator, HR departments are able to convert the hours worked by part-time employees into hours worked by full-time employees.
- Better Plan Your Projects - an FTE calculator is a great indicator of the productive capacity of your company as it indicates how much manpower a company has at a given time.
- Respect Legislation: with the help of the FTE calculator you'll have a better overview of your staff and ensure you comply with the labour laws regarding various contract types.
- Performance Analysis - a full-time equivalent calculation can help HR managers to better understand the needs of your organisation and allows them to make better decisions regarding personnel management.
- Make Data-based Decisions - Identify whether your company needs to restructure, hire or reduce its staff, etc.
How to Use the Template:
- Indicate how many employees work at your company
- Indicate how many hours they work a week and for how many weeks
- Our model will then instantly calculate the Full-Time Equivalent