Calculate FTE in Oracle HRMS

How To Calculate FTE (Full Time Equivalent) in Oracle HRMS

Concept: 

An FTE (Full- Time Equivalent) count in the business environment refers to the number of employees full-time Positions.

A Full Time Position Generally Corresponds  to 40 Working hours Per Week.

For Example:

     You Can Calculate the FTE count for two Part-time Employees if one works 2.5 Hours Per Day and the Second Works 1460 Hours Per Year.

FTE Calculation

1) For First Employee

-> Calculate the Number of Working Hours Per Week for First Employee.

2.5(working Hour Per Day) * 5(Working Days in a Week)  = 12.5 Hours in a Week

-> Now Divide number of Hours Worked in a Week by Total Hours of a Week.

12.5 (Employee Working Hour in a Week) / 40 (Number of Total Working hours in a Week) = 0.313 FTE

2) For Second Employee

-> Calculate Total Number of Hours in a Year

      

          40 (Hours Per Week) * 52 (weeks in a year) = 2080 Hours Per Year

-> Divide Second Employee Total Working hours in a Week by Total Hours of a Year

         1460 ( Employee Working hours in a year ) / 2080 (Number of Hours in a Year) = 0.702 FTE

Final FTE

FTE = 0.313 (For First Employee) + 0.702 (For Second Employee) =  1.015

An FTE (Full-Time Equivalent) count in the business environment refers to the number of employee full-time positions.

Read more : file:///C:/Users/Mitesh/Dropbox/Evosys/Materials/Functional/Concepts/FTE%20AND%20HEADCOUNT%20CALCULATION.htm

An FTE (Full-Time Equivalent) count in the business environment refers to the number of employee full-time positions.

Read more : file:///C:/Users/Mitesh/Dropbox/Evosys/Materials/Functional/Concepts/FTE%20AND%20HEADCOUNT%20CALCULATION.htmAn FTE (Full-Time Equivalent) count in the business environment refers to the number of employee full-time positions.

Read more : file:///C:/Users/Mitesh/Dropbox/Evosys/Materials/Functional/Concepts/FTE%20AND%20HEADCOUNT%20CALCULATION.htm

An FTE (Full-Time Equivalent) count in the business environment refers to the number of employee full-time positions.

Read more : file:///C:/Users/Mitesh/Dropbox/Evosys/Materials/Functional/Concepts/FTE%20AND%20HEADCOUNT%20CALCULATION.htm