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Hinds Community College Office of Financial Aid20212022 Payment & Policy NotificationOffice Use Only: Name:___ ID: ___ Received by:___ FA21CPNPA. STUDENT INFORMATION___ Last NameFirst Name. I.___ID#___
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Full-time equivalent (FTE) is a measure that represents the total hours worked by all employees on a full-time basis.
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Employers are required to report the number of full-time equivalent employees.
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To calculate FTE, add up the total number of hours worked by all employees in a week and divide by 40 (the standard number of hours worked by a full-time employee in a week).
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The purpose of reporting FTE is to determine eligibility for certain benefits and compliance with regulations such as the Affordable Care Act.
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Employers must report the total number of hours worked by all employees in a week and calculate the corresponding FTE.
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