Definition
A Full-Time Employee (FTE) refers to an employee who works a full workweek as defined by the employer or in accordance with labor laws, typically 40 hours per week.
Related Services
Human resources, payroll, and benefits consulting services help businesses manage FTEs, ensuring compliance with labor laws and optimizing workforce management.
Problem and Application
Misclassification of employees or misunderstanding FTE requirements can lead to compliance issues and financial penalties.
Conclusion
FTEs represent a company's core workforce, and proper classification and management are essential for compliance and operational efficiency.
