Fiscal Year (FY): The period of time from July 1 through June 30 of the following year.
FY Beginning Headcount: The number of actual full-time employees on July 1 of the fiscal year.
FY End Headcount: The number of actual full-time employees on June 30 of the fiscal year.
Full-time Employee (FT): Represents a full-time employee with the State of Oklahoma Executive Branch excluding higher education. Does not include temporary employees, Governor, Lieutenant Governor, State Senators, State Representatives, board members or active duty military personnel. Defined as a regular part-time or full-time employee receiving benefits. Not to be confused with full-time equivalency or whole-time equivalent which is a unit based on hours worked to measure workload in financial or other contexts.
Full-time Equivalent (FTE): A unit based on hours worked to measure and translate workload into financial or other contexts. Typically one FTE is equivalent to one full-time employee. Example: three employees work the respective hours – 40, 25 and 10 on a weekly basis. The hours worked total 75 hours. 75/40 = 1.875 FTE. The total hours of the three employees are summed and then divided by 40 because a typical full-time employee works 40 hours in a week. The result is the full-time equivalent. The three individuals worked the equivalent to 1.875 employees working at a rate of 40 hours per week.
Generation Xers: Individuals born between the years of 1965 and 1980.
Generation Z/iGen: Individuals born in 1997 or later. An official end date for this generation has not yet been set.
Involuntary Turnover: When an employee separates from the organization unwillingly. Calculated as the number of employee discharges, deaths, unclassified appointment expirations, resignations for cause and reductions in force divided by the fiscal year beginning headcount.
Millennials: Individuals born between 1981 and 1996.
Minority: Individuals who identify as Black/African-American, Hispanic, American Indian, Asian or Pacific Islander.
New Hire: Full-time employees hired during the fiscal year (July 1 through June 30).