What is a Full-Time Equivalent (FTE)?
A FTE is not the same as a full–time employee. A FTE is equal to 2000 payroll hours per year. For example if you have 5 part–time staff members each working 8 hours per week they will add up to 1 FTE (or 40 hours). You do not have to offer them health benefits, but their hours will count towards your Employer Mandate Requirements.
FTE is not the same as a full–time employee. A FTE is equal to 2000 payroll hours per year. For example if you have 5 part–time staff members each working 8 hours per week they will add up to 1 FTE (or 40 hours). You do not have to offer them health benefits, but their hours will count towards your Employer Mandate Requirements.
