Employee count refers to the number of employees a company has on its payroll. This metric is important for list building, as it can help determine the size and potential reach of a company's target audience. Additionally, tracking changes in employee count over time can provide insight into a company's growth and overall financial health.
Tracking Employee Count allows for better budget planning and forecasting, as well as monitoring employee productivity and retention rates. It also helps with compliance issues, such as ensuring proper ratio of full-time to part-time employees and complying with government regulations on minimum wage and benefits. Additionally, tracking Employee Count can aid in succession planning and identifying potential leadership development opportunities within the company.
There are a few different types of employee counts that businesses use to track their employees. The most common types are full-time equivalent (FTE) and headcount.
FTE is the number of employees who work full time, including benefits and vacation time. This number is usually lower than the total number of employees because it doesn't include part-time or contract workers.
Headcount is the total number of employees, regardless of hours worked or whether they are full-time or part-time. This number is usually higher than the FTE count because it includes everyone who works for the company, even if they don't work full time.
Most companies track both FTE and headcount so they can see how their business is growing or shrinking over time. They can also use these numbers to compare themselves to other businesses in their industry.
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