full-time equivalent
noun1
The result of a calculation to estimate the effective size of a workforce that may include part-time workers.
- We estimate our work-from-home employees to be 30% of our total full-time equivalents.
- Many of those are tied to human labour, from the per-hour fees of professional services firms to the per-seat subscriptions of software companies and the “full-time equivalents” (FTEs) that advertising agencies use to calculate fees.2026 April 4, Richard Waters, “AI disruption: who will get hit?”, in FT Weekend (Big Read section), London: The Financial Times Ltd., →ISSN, →OCLC, page 5: