The following are details of calculations for the average number of hours per full-time equivalent (FTE) or person year of employment.
Table C-1: Full-time Equivalent Hours per Year
Calculation of FTE hours per year:
days per year
average vacation days
days per person year
hours per workday
hours per person year
Workdays vary anywhere from 6.5 to 8 hours; however, in order to be conservative, an 8-hour workday was assumed. Similarly, numbers of vacation and sick leave days may also vary.