What is the total number of productive FTEs based on 32,567 hours worked and 36,341 hours paid annually?

To determine the total number of productive Full-Time Equivalents (FTEs) based on the hours worked and hours paid, you need to understand how FTEs are calculated.

In this scenario, productive FTEs are calculated by dividing the total number of hours worked by the standard hours that define a full-time position for a year. Generally, a full-time position is considered to be around 2,080 hours per year (which is typically 40 hours per week multiplied by 52 weeks).

Here’s how you can calculate it:

1. Start with the total hours worked: 32,567 hours.

2. Divide that by the number of hours that would represent one full-time equivalent, which is 2,080 hours.

3. The formula is thus: FTE = Total Hours Worked / Standard Full-Time Hours

Using the values given, the calculation would be:

FTE = 32,567 hours / 2,080 hours = 15.65

When rounding to two decimal places, this can be approximated to 15.66, which matches the answer choice provided.

This indicates that the number of productive FTEs based on the worked hours reflects a conversion from actual work hours into a