The table below shows the State Aid Claim Year with the corresponding FTE Calculator you need to use for reporting. Click on the corresponding FTE Calculator year in the list below to display the calculator:
This FTE calculator is an optional tool that discretionary grantees can use to calculate totals for the staff section of their progress report. It consists of one Microsoft Excel file that contains formulas which will automatically generate the totals, based on the data entered in the calculator.
The first tab contains the calculator and instructions for completing it. The second tab contains FAQs about the staff section. To use the calculator, download the file and then follow the directions on the first tab. You may find it helpful to view the Intro to FTE Calculator video first.
To apply for forgiveness of a Paycheck Protection Program (PPP) loan, borrowers will be asked for a count of their full-time equivalent (FTE) employees. This calculator will assist in calculating the FTEs under 2 options:
This salary calculator assumes the hourly and daily salary inputs to be unadjusted values. All other pay frequency inputs are assumed to be holidays and vacation days adjusted values. This calculator also assumes 52 working weeks or 260 weekdays per year in its calculations. The unadjusted results ignore the holidays and paid vacation days.
Most salaries and wages are paid periodically, typically monthly, semi-monthly, bi-weekly, weekly, etc. Although it is called a Salary Calculator, wage-earners may still use the calculator to convert amounts.
The calculator contains options to select from a number of periods normally used to express salary amounts, but actual pay frequencies as mandated by varying countries, states, industries, and companies can differ. In the U.S., there is no federal law that mandates pay frequency, except one stating that employees must be paid in routine and predictable manners. Mandatory consistent payments give employees a lot of stability and flexibility. However, at the state level, most states have minimum pay frequency requirements except for Alabama, Florida, and South Carolina. For further details, consult state regulations regarding pay frequency.
You can download other useful HR Metrics Templates like Revenue Per Employee Calculator, Profit Per Employee calculator, Vacancy Costs Calculator, Cost Per Hire Calculator, and many more from our website.
Click here to download the slides for the video, and here to download an excel spreadsheet with a built in FTE calculator. This spreadsheet mirrors the one from the Compliance Minute video; simply replace the listed numbers with your actual counts to determine your annual 2015 FTE average.
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Use this calculator to help you understand the breakeven point for your business: the point at which total revenue equals total costs and expenses. Knowing this can help you determine the profitability of your products or services and the volume of sales required to make a profit. 59ce067264