I see what you mean and that's a good and interesting idea.
However, I think while it would be revealing in some areas, it would mask other problems.
For instance, if you look purely at the FTE, you wouldn't see that George had worked 60 hours. That's a problem. Why did George work 60 hours? Was he really productive for all of that time or is he gaming the overtime system by deliberately doing less work within normal hours so that he has to do overtime to complete his scheduled work.
Well that’s a different issue isn’t it :-) you’re now getting in to management effectiveness - do people really need to do 60 hour weeks or is there something severely wrong with the factory...
Definitely all related though. In this case to bring it round to the start, I am focusing on the “how much does the average worker earn” problem. I have a little experience is human resource budgeting for a small team, and my establishment was represented in FTE.
However, I think while it would be revealing in some areas, it would mask other problems.
For instance, if you look purely at the FTE, you wouldn't see that George had worked 60 hours. That's a problem. Why did George work 60 hours? Was he really productive for all of that time or is he gaming the overtime system by deliberately doing less work within normal hours so that he has to do overtime to complete his scheduled work.