Full-time equivalent
Glossary
Full-time equivalent
A term assigned to a role which has the workload of a person employed full-time (general 38 hours per week) in that position. A company looking to fill an FTE position may do so with one person, or multiple casual or part-time staff depending on the requirements of the business. The term is useful for allocating budgets or resources to be deployed in part of the business.
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