The headcount as a full-time equivalent. This is the number of effective full-time equivalent employees for a time period. This is similar to headcount, except that part-time and casual employees are converted to full-time equivalents. To calculate the full-time equivalent it is necessary to know the standard number of workhours per employee (not the actual work hour!). The standard number of workhours comes out of the enterprise agreements or the award coverage. Contract staff or temporary staff whose services are paid directly to an agency are not included. Also employees on unpaid leave for this period should not be included.