Luxury Lexicon A definition

FTE

Full-time equivalent: a way to express working time as a proportion of a defined full-time workload.

FTE converts working hours into units of a defined full-time workload. Divide the hours being measured by the full-time hours for the same period. If full time is 40 hours a week, a person working 20 hours represents 0.5 FTE, and two such people together represent 1.0 FTE. Headcount would still record two people. This distinction makes FTE useful when comparing staffing capacity across teams with different working patterns. The full-time baseline must be stated or understood before interpreting a figure, because the abbreviation alone does not specify weekly hours.

In job listings

Gucci’s Team Manager posting in Toronto required liaison with Store Managers to schedule FTE according to team members’ capabilities and traffic flow, ensuring appropriate coverage. Here the measure supported a concrete retail staffing task. To convert those staffing units into hours, a manager would need Gucci’s full-time baseline. Search local jobs for “fte”.

References

Filed under

Luxury is the new lingua franca that brings the world together in shared dreams of design, craftsmanship, heritage, and impeccable service.

Icons of Luxury In English

Explore the collection

Country and Language