Salary & Benefit Calculation Tools

Salary and benefit calculation tools

  • University Benefit Rates - September 1, 2018 - August 31, 2019.

University Rates: Faculty 26.2%, Unclassified 33.2%, Classified Civil Service 33.2%, Specials 15.9%, Students 0.5%, Post-Doctoral Fellows 2.9%, Graduate Associates 10.1%

  • University Benefit Rates - September 1, 2017 - August 31, 2018. University Rates: Faculty 29.2%, Unclassified 35.1%, Classified Civil Service 47.8%, Specials 16.1%, Students 0.6%, Post-Doctoral Fellows 4.9%, Graduate Associates 11.5%
  • University Benefit Rates - September 1, 2016 - August 31, 2017. University Rates: Faculty 29.0%, Unclassified 35.6%, Classified Civil Service 48.3%, Specials 16.2%, Students 0.6%, Post-Doctoral Fellows 3.7%, Graduate Associates 12.2%
  • University Benefit Rates - September 1, 2015 - August 31, 2016 University Rates: Faculty 30.4%, Unclassified 37.0%, Classified Civil Service 51.0%, Specials 16.3%
  • University Benefit Rates - September 1, 2014 - August 31, 2015 University Rates: Faculty 29.8%, Unclassified 36.0%, Classified Civil Service 47.5%, Specials 16.3% 
  • University Pay Period Calendar

 

Salary and benefit calculation description 

Payroll for employees at the university is broken down into two types of expenses. 

  1. Annual salary = the amount and individual makes in one year
  2. Benefits = various non-wage compensation provided to employees

When calculating budget information for personnel there are several key figures that are needed. 

 

Salary is the amount an individual makes in one year.

Key Information about Salary

  • University Salary year runs from Sept 1st to Aug 31st. 
    • When calculating budgets this means you must take the annual rate (amount made in one year) and convert to a pay period rate in order to be able to calculate the correct year's salary. 
    • Example: For a calendar year budget January - August will be at one salary rate and September - December may be a different salary rate. 
  • University pay is divided into two categories Monthly Paid Employees (12 Pay Periods) and Biweekly Paid Employees (26 Pay Periods)
  • Salary increases occur on the University Salary year and are effective the first pay period after September 1st. When estimating future salary increases, use a 3% estimate. Typically the University provides an estimate of average increase expectations the spring before the increase happens. 
  • If you are in charge of budgeting and don't know where to find salary information - contact your CFAES Human Resources Representative. 

 

Benefits are various non-wage compensation provided to employees.

In addition to non cash benefits that employees receive, they also receive fringe benefits that are calculated as a percentage of the salary paid and based on job classification. 

Key Information about Benefits

  • University Benefit Rate year runs from Sept 1st to Aug 31st. 
  • Benefit Rates are determined by the Job Classification.  Faculty, Unclassified, Classified Civil Service, Specials, Students, etc.
  • Benefit Rates change each year. When estimating future benefit changes, use a 3% estimated increase. Typically the University provides an estimate of benefit rates the spring before the change occurs.
  • University Rates and Office of Sponsored Programs rates are different

 

 

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