THE USING OF FULL TIME EQUIVALENT IN WORKING TIME PLANNING

Elena-Sabina Turnea
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Elena-Sabina Turnea: Alexandru Ioan Cuza University, Iasi

Network Intelligence Studies, 2020, issue 15, 7-15

Abstract: The complexity of working time management has led in time to the need of using the concept “Full Time Equivalent” (FTE). Whether it is about planning services or physical production, one FTE is the equivalent of eight hours of work per day for an employee in a month. Each activity can be managed through a certain number of FTEs per month. Starting from this unit of measure, whether one has full-time or part-time employees, working time is brought to the same common denominator (for example: one needs 12 FTEs per month). This paper presents a measurement of a working process based on FTEs, which is an increasingly used practice in corporations. It describes the methodology for a particular activity that conducted to a specific time for each step of the entire process of work, and then the required FTEs is calculated according to this data. Since there are differences between the required FTEs according to the actual measurements of the process and the number of FTEs from the previous year according to the workload, possible arguments for these differences are discussed. Finally, there are highlighted the time-consuming steps in order to make the working process more efficient.

Keywords: Full Time Equivalent; Working process; Employees; Optimization (search for similar items in EconPapers)
JEL-codes: J21 J23 J24 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:networ:y:2020:i:15:p:7-15

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