Use the FTE tab to specify the full-time equivalent assignments for an employee. For example, if an employee is full-time January to March and part-time the rest of the year, specify 1 for January, February, and March, and 0.5 for the remaining months.
To manage employee FTE data:
Perform steps 1-7 in Maintaining Employee Compensation Details.
Select FTE, and enter a value of 1 or greater in Proposed FTE if the employee is full time. Enter a value of less than 1 if the employee is part time.
Enter the dates during which the FTE applies in FTE Start Date and FTE End Date.
Perform any task to specify FTE data:
To add or change employee FTE assignments:
Right-click a column and then select Update FTE.
Indicate if the employee works full time or part time between a range of dates.
For example, if a full time employee must reduce hours and work part time between March 1 and June 15, specify the following:
Enter FTE — Value typically, (although not necessarily) between 0-1 that indicates if the employee is full time or part time. Normally, an FTE of one indicates fulltime assignment. Note that employee can have a full time FTE, but an FTE of 0.5 if they are assigned to 2 positions.
Enter Effective Start Date—March 1, 2011
Enter Effective End Date—June 15, 2011
Click Add.
To specify and budget for FTEs that change by month, quarter, or year, select Adjust Period-Level Details, and then perform these tasks:
In Overtime Hours, enter the number of additional hours for which the employee is paid.
In Total FTE, right-click, and then select Calculate Compensation Expense to display the budget impact.
Save, and then see Calculating and Allocating Compensation Expenses.