What does fte .9 mean

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Your session has expired. Please log in as a SHRM member. Cancel Sign In. Please purchase a SHRM membership before saving bookmarks. For example, a. Dept - 01 Contact Us Staff Directory. Request Information. All Student Resources. Popular Searches. Please contact Human Resources at if you have questions. Share your story! To easily calculate whether you are an Applicable Large Employer for this year, use this free calculator:. Small businesses are eligible for small-employer health care tax credit — they apply to employers who employ less than 50 full-time equivalent employees and subsequently have less than 50 FTE for all employees in total.

There are three methods to calculate FTEs for health care tax credit for small businesses. Example: An employee worked 2, hours within a year and spent an additional 80 hours during that year on time off:.

Within this method, the employee is credited with 8 hours for each day he or she would be required to work at least 1 hour this includes PTO. Within this method, the employee is credited with 40 hours for each week when payment was due this includes PTO. Example: An employee worked for 37 weeks, took 2 weeks for a paid vacation, and took 9 weeks for unpaid leave you only count 37 weeks worked and the 2 weeks of paid vacation, without the unpaid leave :.

Whatever method you choose, repeat it for each employee, and add up the numbers to get the final FTE round the number down. Alternatively, add up the hours of service for all your employees, and divide that number by 2, To easily calculate the hours of service per employee in your small business, use this free calculator:. More specifically, it helps small business owners cover up to 24 weeks of eligible payroll and non-payroll costs before the Paycheck Protection Program Flexibility Act of was enacted on June 5th, this was 8 weeks.

The borrowers that received loans before June 5th can still choose whether they will use the original 8-week covered period or the new week covered period.

Example: You have 5 full-time employees who work 40 hours per week and 8 part-time employees who work 25 hours per week. Note: This method is the same as the example of how to calculate FTE for all employees discussed earlier.

Example: You have 7 full-time employees who work 40 hours per week and 8 part-time employees who work 28 hours per week. In numbers, that would be:. To easily calculate FTE to check eligibility for full forgiveness in the Paycheck Protection Program, use this free calculator:. FTE has several different uses and several different calculation methods, depending on why you want to calculate it. It will help you plan your project work in regards to deadlines and your budget.

Moreover, having accurate FTEs for all your employees will also help employers determine responsibilities towards them, their PTO rates, and whether the business is eligible for certain federal programs. Once you decide why you want to use FTE, identify the appropriate calculation method, and follow it through. Table of contents: What is full-time equivalent FTE?

What is the purpose of FTE? What is a full-time equivalent employee? What is a typical official full-time schedule? When is 0. What is an FTE salary? How to calculate an FTE salary? About the Author: Marija Kojic. Marija Kojic is a productivity writer who's always researching about various productivity techniques and time management tips in order to find the best ones to write about.

She can often be found testing and writing about apps meant to enhance the workflow of freelancers, remote workers, and regular employees. Related Posts. October 25th, 0 Comments. February 4th, 0 Comments.