A business has 200 full-time workers who work 8 hours per day. They have 100 part-time workers who work 5 hours per day. What is the number of full-time equivalent employees?

Question

Quizplus · Accepted Answer

Full-time equivalent (FTE) is calculated by dividing the total hours worked by all employees by the number of working hours of a full-time employee. Here, full-time workers contribute 200*8 = 1600 hours, and part-time workers contribute 100*5 = 500 hours. The total hours worked by all employees is 1600 + 500 = 2100 hours. Assuming a full-time employee works 8 hours a day, the FTE is 2100 / 8 = 262.5, which rounds to 263.

A Business Has 200 Full-Time Workers Who Work 8 Hours