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FTE Calculator

Looking to calculate your Full Time Equivalent? Check out our FTE calculator - it's quick, easy, and free!

Understanding Full-Time Equivalent (FTE)

What is FTE?

Full-time equivalent, or FTE, measures your employed workforce in terms of the number of full-time employees. Essentially you’re answering the question, “how many people would I employ if everyone worked a full-time schedule?” Small businesses need to know their FTE to determine if they’re an Applicable Large Employer (ALE), which affects health insurance responsibilities. They’ll also need the FTE to apply for PPP Loan Forgiveness.

What is the FTW formula?

The FTE formula is a simple multiplication equation.

FTE = Total working hours * Average full-time working hours

However, there are a few steps that go into finding both the total working hours and average full-time working hours. We cover those additional steps below.

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Common FTE questions

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