FTEI
FTEI stands for Full-Time Equivalent Indicator. It is a metric used to measure the workload or staff capacity within an organization. Essentially, FTEI converts various working arrangements, such as part-time employees, contractors, or even individual tasks, into a standardized equivalent of a full-time employee. This allows for a more consistent and comparable way to assess resource allocation and personnel costs.
The calculation of FTEI typically involves taking the total hours worked or allocated across different roles
Organizations utilize FTEI for various purposes, including budgeting, project management, and strategic workforce planning. By understanding