1. What is Full-Time Equivalent Salary?

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

2. How Does the Calculator Work?

The calculator uses the FTE salary formula:

Where:

• Part-Time Salary — Current annual salary for part-time work
• Part-Time Hours — Hours worked per week in part-time position
• Full-Time Hours — Standard full-time hours per week (typically 35-40)

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

3. Importance of FTE Calculation

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

4. Using the Calculator

Tips: Enter part-time salary in currency/year, part-time hours and full-time hours in hours/week. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What's considered standard full-time hours?
A: Typically 35-40 hours per week, but this varies by country and industry.

Q2: Does this account for benefits differences?
A: No, this only calculates salary equivalence. Benefits packages often differ between part-time and full-time positions.

Q3: Can I use this for hourly wage conversion?
A: Yes, by entering (hourly wage × part-time hours × 52) as the part-time salary.

Q4: How accurate is this calculation?
A: It provides a mathematical equivalence but doesn't account for overtime rules or other compensation factors.

Q5: Should this be used for job offer comparisons?
A: It's useful for initial comparisons, but consider all compensation elements before making decisions.