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full time equivalents 2023 with complete solution
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1
April 2023
2022/2023
A+
full time equivalents
FTEs are budgetary numbers used to determine the number of individual employees are needed to fully staff the facility without putting it in overtime situation. Today, these numbers are typically calculated by using software programs.
formulas for FTE
# of positions x (1.4) ||assumed position is for 7 days a week
long version formula of FTE
# of positions x # of days/week X 20%
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