The AMC1 BOP.ADD.030 (a) (6) refers to Full Time Employee What does Full Time Equivalent or Full Time Equivalent mean?

The full-time equivalent is a concept that allows to measure the number of full-time employees working in an organisation and is calculated by suming all staff hours of work in one year, either part-time or full-time and by dividing the result by the number of hours of a full-time employee.