FACULTY AND ACADEMIC STAFF PAY AND COST DEFINITIONS
Provided below are the definitions to the terms on the 'Pay and Cost' section on the faculty and academic staff new Hire form.
Base Salary: The regular salary that would be paid for a full year at 100% employment
Administrative Increment: The administrative increment that would be paid for a full year at 100% employment
FTE salary: The total of the base salary and administrative increment for a full year at 100% employment. Also known as the 'Full Time Equivalent' (FTE) salary.
Pay Period Salary Amount: The base salary adjusted by the employment percent and divided by the number of pay periods per year.
- Academic Year (AY) calculation = Base Salary * Employment Percent / 9
- Annual Year (AN) calculation = Base Salary * Employment Percent/12
Pay Period Admin Increment Amount: The administrative increment adjusted by the employment percent and divided by the number of pay periods per year.
- Academic Year (AY) calculation = Administrative Increment * Employment Percent / 9
- Annual Year (AN) calculation = Administrative Increment * Employment Percent/12
Annual Salary: The total of the base salary and the administrative increment adjusted by the employment percent.
For questions regarding this information please contact Human Resources at SolutionsCenter@hr.msu.edu or 517-353-4434.
