how to calculate FTE allowing 15% adjustment fact.

To calculate Full-Time Equivalent (FTE) with a 15% adjustment factor, you can follow these steps:

Step 1: Determine the total number of hours worked by all employees during a specific time period. For example, let's say the total hours worked by all employees in a month is 2,000 hours.

Step 2: Calculate the total FTE without the adjustment factor. FTE is typically calculated based on a standard of 40 hours per week or 2080 hours per year. Divide the total hours worked (from step 1) by the standard number of hours per year (2080), and this will give you the FTE without any adjustment. In our example, the calculation would be: 2,000 hours / 2,080 hours = 0.9615 FTE.

Step 3: Apply the adjustment factor. In this case, we want to allow a 15% adjustment. To do this, multiply the FTE without adjustment (from step 2) by the adjustment factor (1 + 15% or 0.15). Continuing with our example: 0.9615 FTE * 1.15 = 1.1087 FTE.

Step 4: Round the calculated FTE to the desired decimal places. For most practical purposes, rounding to two decimal places is sufficient. In our example, the rounded FTE would be 1.11.

So, the calculated FTE with a 15% adjustment factor is 1.11.