FACULTY FINANCIAL MEASURES

Salary Cost is the cost to the University for a particular faculty activity. For full-time faculty, the salary cost is determined by multiplying the faculty member’s contract salary by the percentage of FTE assigned to that activity and adding any supplemental pay as designated by the Deans. The salary cost for part-time faculty assignments (and for full-time faculty assignments in excess of their academic year load) is equal to the amount paid for each assignment.

Compensation Costs adds the cost associated with employee benefits to the salary costs. A university-wide ratio of benefits to salary, obtained from the annual AAUP faculty survey, is used in calculating compensation costs.

Salary Costs per FTE are calculated by dividing the total salary cost by the total FTE in that category.

Compensation Costs per FTE are calculated by dividing the total compensation cost by the total FTE in that category.