Compensation Information
Calculation on Assignment/Encumbered Amount
Assignment/Encumber Amount
The following are examples on how to calculate the assignment/encumbered amounts:
Assignment Amount (except for overloads/adjuncts)
Staff Nonexempt starting on 4/8/02:
|
Annualized salary |
$20,000.00 |
|
|
Divided by 12 months |
/ 12 |
|
|
Equals Monthly Salary |
$ 1,666.67 |
|
|
Divided by # of hours per month |
/ 176.00 |
(April 2002) |
|
Equals Hourly Rate for April |
$ 9.46 |
|
|
Multiply by # of hours worked in month |
x 136.00 |
(April 8-30, 2002) |
|
Total Salary for April 2002: |
$ 1,286.56 |
|
|
Plus full salary for remainder # of mos. |
+ 6,666.68 |
(May & Aug 2002 @ $1,666.67/ea. mo.) |
|
Total Assignment Amount |
$ 7,953.24 |
|
| |
|
|
| Staff Exempt starting on 4/8/02: |
|
|
|
Annualized salary |
$20,000.00 |
|
|
Divided by 12 months |
/ 12 |
|
|
Equals Monthly Salary |
$ 1,666.67 |
|
|
Divided by # of days per month |
/ 22 |
(April 2002) |
|
Equals Daily Rate for April |
$ 75.76 |
|
|
Multiply by # of days worked in month |
x 17 |
(April 8-30, 2002) |
|
Total Salary for April 2002: |
$ 1,287.92 |
|
|
Plus full salary for reminder # of mos. |
+ 6,666.68 |
(May & Aug 2002 @ $1,666.67 ea. mo.) |
|
Total Assignment Amount |
$ 7,954.60 |
|
| |
|
|
| ENCUMBERED AMOUNT: |
|
|
| Temporary Employees: |
|
|
|
# of hours per week |
25 |
|
|
Multiply by # of weeks in assignment |
x 10 |
(from June 1 - Aug. 9, 2002) |
|
Multiply by Hourly Rate |
x 5.73 |
|
|
Equals Total Encumbered Amount |
$ 1,432.50 |
|