Explanation:
An FTE of 1.0 is equivalent to a full-time worker, while an FTE of 0.5 signals that the worker is only half-time. This standard helps in comparing workloads, budgeting, and staffing across different departments or projects.
Practical Example of FTE:
In a construction project, two part-time workers who each work 20 hours a week are considered to have an FTE of 1.0 together, equivalent to one full-time worker working 40 hours a week.
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