OIC Business Hardship Support Grant – FAQs

In addition to these frequently asked questions you can also read the OIC Business Hardship Support Grant guidance.

Use the form below to search the Covid-19 - Business Hardship Support Fund for FAQs containing specific words or combinations of words.

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How do I calculate the Full-time Equivalent (FTE) of my business?

For example, if a business employs 6 full-time staff (including the owner/director), one person who works 39 hours week on week off basis, and one part-time person who works 15 hours per week in the summer, while the headcount is 8, the FTE is 6.7 based on:

Permanent full-time

No of employees

6

 

Weekly hours

35

 

Weeks worked

52

 

FTE (total hours worked/1820*)

6

 

 

 

Permanent part-time

No of employees

1

 

Weekly hours

39

 

Weeks worked

26

 

FTE (total hours worked/1820*)

0.6

 

 

 

Temporary part-time

No of employees

1

 

Weekly hours

15

 

Weeks worked

12

 

FTE (total hours worked/1820*)

0.1

 

 

 

 

Total (6+0.6+0.1)

6.7

*1,820 is the potential annual hours (35 hours x 52 weeks=1820 hours)

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