Press TAB to move to the next field of the Time Clock Converter.Ģ. Therefore, before making a decision using the FTE metric, it is best to check if there are any rules or requirements worth considering.Time Clock Calculator Online with Lunch Breaks Some may even assume any employees who work more than 20 hours a week to be 1 FTE. For example, some governments may simplify the process by assuming each part-time worker to be 0.5 FTE, regardless of the hours they work. It is then important to note that some FTE calculations do involve a fair amount of assumptions. If you have an FTE of 3.5 before COVID-19 hit, you will be eligible for the PPP loan forgiveness program. Hence, your total FTE will be 4 + 1.5 = 3.5 FTE. You will have 4 full-time FTE and 1.5 (60 total part-time hours / 40) part-time FTE. Say you have a company with 4 employees that work 40 hours per week and 2 employees that work 30 hours a week. Total FTE equals the sum of your full-time FTE and your part-time FTE.For example, if you have 10 employees who consistently worked 15 hours a week, altogether, they would count as 1.5 FTE.

Part-time FTE is the sum of the average weekly hours worked by any employees who work less than 40 hours per week divided by 40.It is also worth mentioning that one employee cannot be greater than one FTE, regardless of how much overtime they works. During the PPP period, 1 FTE is defined as an employee who, on average, worked more than 40 hours a week.There are some rules that you should be aware of before we dive into the calculation. So, how can you calculate the FTE of your company and make sure you're eligible for PPP? Let us show you now.

If you want your PPP loan to be completely forgiven, you need to keep the number of FTEs during the 24-week PPP period the same as it was prior to COVID-19. The Paycheck Protection Program (PPP) was launched by the US Small Business Administration (SBA) to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. This means that our current set up would be the same if we had 5 full-time employees and 1 part-time employee working 20 hours a week. Total working hours in a week = Total working hours in a week / Weekly working hours of a full-time employeeįor our example, the FTE will be 220 / 40 = 5.5. In our example, it will be 120 + 100 = 220 hours.Īfter determining the Total working hours in a week, FTE can be easily calculated by dividing Total working hours in a week by the Weekly working hours of a full-time employee. Total working hours in a week = Total full-time working hours in a week + Total part-time working hours in a week Total part-time working hours in a week = Number of part-time employees * Weekly working hours per part-time employeeĪssuming, on average, the 5 part-time employees work 20 hours per week, Total part-time working hours in a week = 5 * 20 = 100 hours.Īfter working out the full-time and part-time employee working hours, Total working hours in a week can be determined by summing up Total full-time working hours in a week and Total part-time working hours in a week.

Compute total part-time working hours in a week.

Total full-time working hours in a week = Number of full-time employees * Weekly working hours per full-time employeeĪssuming all 3 full-time employees work 40 hours per week, Total full-time working hours in a week = 3 * 40 = 120 hours.

Compute the total full-time working hours in a week.

Imagine you own a company with 3 full-time employees and 5 part-time employees. It applies the following procedure, which we explain through an example for a hypothetical company. Our FTE calculator allows you to calculate FTE in 4 simple steps.

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