-1 FTE=1 P/T employee=0.5 2 P/T employees = 1 NO REDUCTIONAverage FTE:To determine the average full-time equivalent employees (FTEs) for the 8-week covered period (or the alternative payroll covered period, if elected), for each qualifying employee, determine the average number of hours worked per week and divide by 40, before rounding to the nearest tenth. The maximum amount for each employee is 1.0. Alternatively, you can skip the math and use 1.0 for every employee who worked 40 hours per week and 0.5 for every employee who didn’t meet that standard. Either way you get there, you will ultimately arrive at the average FTE throughout the relevant covered period.
5/40=.125These two employees would count as .25 of an FTE
There is a simplified method where you can count every P/T employee as 0.5 no matter how many hours he works
Is that on the application? Didn't see that in the rules. I've seen that you need to divide hours worked by 40 to get FTE %.
Page 7Average FTE:This calculates the average full-time equivalency (FTE) during the Covered Period or the Alternative Payroll Covered Period. For each employee, enter the average number of hours paid per week, divide by 40, and round the total to the nearest tenth. The maximum for each employee is capped at 1.0. A simplified method that assigns a 1.0 for employees who work 40 hours or more per week and 0.5 for employees who work fewer hours may be used at the election of the Borrower.
Can one mix and match? Use .5 for everyone who works 20 hours or less and use a value above that for anyone who works between 20 and 40 hours? Or you must choose which calculation you'll go with and use it across the board?
across the board
what do people think on the "average hourly wage" concept and the calculation of average hours, should those take into account overtime or not?
Thanks so much for this source of info it has been so helpful. Anyone have to send employees that don’t want to return to work letters? Anything I have to be sure to include?
Note that in NY the employees will be able to use a salary cut of 20% or more as a reason to stay on UI. (https://labor.ny.gov/ui/claimantinfo/work-search.shtm#8)
Lol they don’t want to come back at the same rate