What is full-time equivalent in SAP LOD-SF - SAP SuccessFactors?

SAP Term: full-time equivalent

• Component: LOD-SF

• Component Name: SAP SuccessFactors

• Description: A unit that shows the agreed working hours of an employee as a proportion of the standard working hours for the company. One full-time equivalent FTE corresponds to one employee working full-time.

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• Key Concepts: 
  Full-time equivalent (FTE) is a measure of the amount of work done by an employee or group of employees in a given period of time. It is calculated by dividing the total number of hours worked by the number of hours that would be considered full-time work. For example, if an employee works 40 hours per week, their FTE would be 1.0. 
  
  How to use it: 
  In SAP SuccessFactors, FTE is used to measure the amount of work done by an employee or group of employees in a given period of time. It is calculated by dividing the total number of hours worked by the number of hours that would be considered full-time work. This information can then be used to determine how much an employee should be paid, or how many employees are needed to complete a certain task. 
  
  Tips & Tricks: 
  When calculating FTE, it is important to take into account any overtime or part-time hours worked. This will ensure that the FTE calculation is accurate and reflects the actual amount of work done by the employee or group of employees. 
  
  Related Information: 
  FTE can also be used to measure the productivity of a team or organization. By tracking FTE over time, it is possible to identify areas where productivity can be improved and make changes accordingly. Additionally, FTE can be used to compare the performance of different teams or organizations.