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 position were full-time, allowing for fair comparison between part-time and full-time compensation.

2. How Does the Calculator Work?

The calculator uses the following equation:

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 40)

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

3. Importance of FTE Calculation

Details: FTE salary calculations are crucial for comparing compensation packages, budgeting for positions, and ensuring fair pay 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 the standard full-time hours?
A: While 40 hours/week is common in many countries, this varies by location and industry. Check local standards.

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

Q3: Can I use this for hourly wages?
A: For hourly wages, simply multiply by full-time hours (e.g., hourly rate × 40 hours × 52 weeks).

Q4: How accurate is this conversion?
A: This provides a mathematical conversion but doesn't account for overtime pay thresholds or other compensation factors.

Q5: Should I expect exactly this salary for full-time?
A: Actual full-time offers may differ based on market rates, experience, and company policies.