[jlokier]

It stands for "Full Time Equivalent".

It's a measure of time spent working on something, to standardise comparisons of work capacity and acknowledge that it's not always full time, especially when aggregating the time from different people. One full time person = 1 FTE.

For example if you work 20 hours a week on project A and 20 hours on project B, then project A will count your contribution as 0.5 FTE while you're assigned to that project.

If you also have two other people working on it full timee, and a project manager working 1 day a week on it, then project A will count the contribution from all three of you as 2.7 FTE. (2.7 = 0.5 + 2 + 0.2).

[layer8]

In the Google context, “FTE” actually stands for “Full-Time Employee”, as opposed to “TVC” = “Temp/Vendor/Contractor”.

[rahkiin]

This example assumes 1fte=40 hours which is not nexessarily the case in all countries or under all collective agreements. 1fte can be 36, 38, or even 48 hours.