How to Calculate Full Time Equivalents – Employer Mandate Equation
For all of those large applicable employers that need a quick post regarding how to calculate your amount of full time equivalents, here is a simple equation to figure it out.
Employer Mandate Equation – Total Number of Full Time Equivalents
[Full Time workers + (non-full time hours worked)/120] = Total amount of Full Time Equivalents
Here is an example to help you understand the equation:
Sarah currently employs 60 full time workers and 25 non-full time workers. Each part time worker, on average, works 20 hours a month. What would her total full time equivalent be?
[60 + (25* 20)/120] = 64.16
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