1. What is Full-Time Equivalent Salary?

The Full-Time Equivalent (FTE) salary calculation converts a part-time salary to what it would be if the position were full-time. This allows for fair comparison between part-time and full-time compensation.

2. How Does the Calculator Work?

The calculator uses the FTE salary equation:

Where:

• Part-Time Salary — Current annual salary for part-time work
• Part-Time Hours — Weekly hours worked in part-time position
• Full-Time Hours — Standard weekly hours for full-time position (typically 40)

Explanation: The equation scales the part-time salary up proportionally to what would be earned if working full-time hours.

3. Importance of FTE Salary Calculation

Details: FTE salary calculations are crucial for comparing compensation packages, budgeting for positions, and ensuring pay equity between part-time and full-time employees.

4. Using the Calculator

Tips: Enter part-time salary in your local currency per year, part-time hours worked per week, and standard full-time hours (default is 40). All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Why calculate FTE salary?
A: It allows fair comparison between part-time and full-time compensation and helps employers budget for positions.

Q2: What's the standard full-time hours?
A: Typically 40 hours/week in many countries, but this may vary by organization or region.

Q3: Does this account for benefits?
A: No, this only calculates salary. Benefits would need to be calculated separately.

Q4: Can I use this for hourly wages?
A: For hourly workers, simply multiply hourly rate by full-time hours. This calculator is for salaried positions.

Q5: How accurate is this calculation?
A: It provides a mathematical equivalent but doesn't account for other factors like seniority or performance bonuses.