What exactly is a Full Time Equivalent (FTE)?
A full time equivalent represents an individual who works a minimum of 40 hours per week throughout the year excluding holidays and vacation. An individual who works 30 hours a week would be considered 0.75 FTE (30 hours divided by 40 hours) and an individual who works 20 hours per week would be considered 0.5 FTE. If an individual works more than 40 hours per week, he still is considered one FTE.