FTE - Full Time Equivalent

Preceda has available the functionality to calculate and record Full Time Equivalent hours.

The level of employment, based on the FTE (full time equivalent) method. For example, a full-time employee has an FTE code of 1.0. A half-time employee has an FTE code of 0.5.

  • Program Control option FTE position 16 when set determines how the value for Employee FTE hours per week is to be recorded.
  • The FTE Factors window is used to setup the various FTE rates and codes.
  • The Populate Position FTE Hours per Week window allows for a bulk update of the Position FTE Hours per week value, based on a selection criteria. This process should only be run when all users have logged out of Preceda and no background processes are running.

 

FTE Calculation

Employee FTE Hours per Week (divided by) Position FTE Hours per week (multiplied by) FTE Factor (equal) FTE.

If there is not a FTE Factor code on the Employee Position window, the calculation will be Employee FTE Hours per week (divided by) Position FTE Hours per Week.

The FTE value will automatically be displayed once the FTE Hours per Week on the Employee window is added.

If the Position FTE Hours per week or the Employee FTE Hours per week fields have not been populated, the FTE value will return 0.00000.

Employee's FTE Calculation Rules

  • Look up the FTE Hours per week when using the employee's position. If Position FTE Hours per week has no value, set the employee's FTE value to zero.
  • If the value of the FTE Factor is a value other than zero, the following calculation is used.
    Employee FTE Hours per week (divided by) Position FTE Hours per week (multiplied by) FTE Factor.

 

  • If the FTE Factor is equal to zero, the following calculation is used.
    Employee FTE Hours per week (divided by) Position FTE Hours per week.

The Position Definitions window is used to record the FTE Hours per week based on the selected Position ID.

Then Other Payment Details window has the following fields Position FTE Hours per week, Employee FTE Hours per week, FTE Factor and Employee FTE.

The Enter Position Change window has the following fields Position FTE Hours per week, Employee FTE Hours per week, FTE Factor and Employee FTE.

The Position window has the following fields Position FTE Hours per week, Employee FTE Hours per week, FTE Factor and Employee FTE.