Let’s explore the key trends that are shaping the future of employee training. This training covers legal and policy-related knowledge that employees must know to adhere to industry standards and regulations. Examples include safety protocols, anti-discrimination policies and data security procedures.

Bear in mind that these are just simple FTE example calculations — project managers approach FTE from a different angle while federal programs use different FTE calculation methods. An FTE salary is an employee salary converted into a full-time equivalent salary within a full year, regardless of whether the said employee holds a full-time or part-time position. The actual workload is not taken into consideration for this calculation. Since both are considered to be full-time schedules in their respective companies, both count as a 100% or 1.0 FTE.

What role does data play in modern employee training?

Compliance training helps mitigate risks and ensures that the organization adheres to legal and ethical standards. Sales and customer service training directly impacts team performance and customer engagement. Trained employees possess https://www.bookstime.com/ better product knowledge, enhancing their ability to generate sales and foster brand loyalty. A well-trained customer service team can significantly elevate the customer experience, which then builds stronger customer loyalty.

Employees in customer-facing roles benefit from training that focuses on handling customer queries, problem-solving and providing excellent service. This training aims to enhance customer satisfaction and loyalty, a key aspect of business success in industries reliant on customer interactions. There is no option to pay a part-time exempt employee below fte meaning the minimum salary requirement. Generally, if you pay the employee a salary less than the minimum, the employee must be classified as non-exempt. For example, you’ll want more hands on deck in a restaurant during the busy holiday and summer seasons. In the construction industry, you’ll need a larger headcount when a bigger project comes along.

How FTEs Work

Actual hours worked per week is the exact number of hours an employee worked. However, you’d want to average those hours over a time period such as four months. This ensures that you’re not getting a skewed result based on a higher or lower number of hours worked in a week than typical. To determine this amount, ask yourself, what do you expect a full-time employee to work in terms of hours per week? The answer should be between hours a week per employee (when considering full time). The Paycheck Protection Program (PPP) is a Small Business Administration (SBA) program to help employers retain employees during the public health and economic crisis.