Unified Metrics Library - Full-time employees in permanent contract
Total number of employees: This refers to the overall size of the workforce.
Full-time equivalents (FTEs): This converts part-time and full-time employees into a standard unit based on total work hours, allowing for better comparison across different employment arrangements.
Permanent contract: This specifies the type of employment, focusing on employees with long-term contracts rather than temporary or freelance workers.
Overall, the question seeks to understand the company's commitment to its workforce by looking at the number of stable, long-term employees. This information can be used to assess factors like job security, employee welfare, and potential social risks related to workforce turnover.
For example, if an employer considers 40 hours per week as full-time, employees who work 40 hours each per week count as 1.0 FTE, while those that work 20 hours per week, or part-time, make 0.5 FTE.