Full-time equivalent hours, also known as FTE hours, can be used to measure whether an employee is full-time, or how many students at an educational institution are full-time.
- Step 1: Multiply the number of students by the hours a week the class meets and the number of weeks in a semester.
- Step 2: Divide your product by the total number of hours in a year. The result is the the number of FTE hours for that class.
- FACT: According to a 2009 survey from the Bureau of Labor Statistics, 91.6 percent of recent U.S. high school graduates enrolled in either colleges or universities were full-time students.
- Step 3: Gather the data needed to calculate the FTE hours for students in a class. Figure out the number of students in the class, the number of hours a week the class meets, the number of weeks in a semester, and the total number of hours in a year a student would need to be enrolled in order to be considered full-time.
- TIP: Know that in academic institutions, students who are part of work-study programs could be measured as 1 FTE no matter how many hours a week they work.
- Step 4: Figure out the number of hours in a pay period by multiplying the length of the pay period by 40 hours a week. For example, if your pay period is 2 weeks, your total number of hours in a pay period would be 80.
- Step 5: Divide the number of hours your employee worked in a pay period by the total number of hours in that pay period. The total equals your FTE hours. If an employee worked 40 hours out of 80 hours in a pay period, your total would be .5 FTE.
- Step 6: Use 40 hours a week as your standard for full-time employment when calculating FTE hours for a business. Some businesses may measure full-time status differently, such as 35 or 37.5 hours a week instead of 40, so be sure to adjust according to your company's standards.