I usually take it to mean full time equivalent... It usually means either 25 full time employees, or a number of part time and full time staff that equal the p

I usually take it to mean full time equivalent... It usually means either 25 full time employees, or a number of part time and full time staff that equal the paid hours of 25 full time employees. e.g. 50 part time employees that work half the typical working week would be 25 fte