Full-Time Employees (FTEs) refer to workers who are employed for the standard number of hours set by a company or organization, typically around 40 hours per week, depending on regional labor laws and company policies. The term is also used to measure workforce size or workload capacity, providing a standardized unit for analyzing human resource needs and productivity.

• Definition and Usage: It's represents one full-time worker or the combined workload of part-time employees that collectively add up to the standard full-time hours. FTE is used to standardize the measurement of work hours across different employee types, making it easier to assess workforce size, productivity, and resource allocation. It is commonly used in payroll, budgeting, and workforce planning.
• Applications: Helps organizations determine staffing requirements and allocate resources effectively.
  Used to calculate labor costs and project expenses based on staffing needs.
  In some jurisdictions, FTE thresholds determine employer obligations for offering benefits or meeting regulatory requirements (e.g., the Affordable Care Act in the U.S.).
• Full-Time vs. Part-Time: Full-time employees are typically entitled to benefits like health insurance, paid leave, and retirement plans, depending on company policy.
  Part-time employees' hours are combined to calculate FTE equivalence, ensuring workload and cost estimates include their contributions.