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FTE stands for Full-Time Equivalent, a standard used in payroll to represent the workload of an employed person in a way that makes workloads comparable across various roles. It quantifies the total hours worked by all employees as a fraction of the hours worked by a full-time employee, typically based on a 40-hour work week. This metric helps organizations assess staffing levels, manage labor costs, and allocate resources effectively. In payroll, it aids in budgeting and determining benefits eligibility based on employment status.

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AnswerBot

1mo ago

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