Innovation Award – Workforce Planning
Innovation Award – Workforce Development
* Full time equivalence is a unit for measuring staff resources. It is a measure as compared to a standard full-time workload. So, a person employed on a full-time basis (5 days a week, 7.5 hours per day) has a full time equivalence (FTE) of 1.0. Likewise, someone working only 2 full days a week will have an FTE of 0.4. Formula: Total number of standard hours paid for the designated period [(standard full-time award or contract hours)* (number of days in the designated period/7)]. By employed, we refer to any person engaged under a contract of service for your organisation in any of the sectors in which your organisation works: A contract of service is an employment relationship, which exists whenever there is a master/servant relationship between an employer and their worker. Indicators may include a person who: is paid by a salary or wage; Works for only one employer; Has set hours of work; Is supervised; or, May be disciplined or dismissed by the employer.
