Understanding FTE

FTE or the Full Time Employee model is a pricing model that is used to describe the amount of work and availability of an employee.

How is FTE beneficial?

FTE is a tested and economical approach that enables organizations to dramatically save expenses while also improving output — all without substantially changing the way things are done in the current set-up.

1. FTE offers a standardized method to determine the demand for upcoming projects and the quantity of hours needed to complete the work. As a result, it is an excellent project management measure for long-term strategic planning.

2. Unlike headcount, FTE accounts for both full-time and part-time employee counts at your company. Additionally, it assists you in determining whether you require part-timers for urgent tasks.

3. The full-time equivalent model gives you devoted staff members who work throughout a set number of hours. This is perfect for lengthy undertakings that require a lot of labour.

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