Knowledge Base

Can you help me understand Annual Salary?

Category:  ePAF

 
Question:  Could you explain "ANNUAL SALARY"? Is it 12 months or 9 months...or does it depend if faculty, staff or student?
 
Answer: 
Annual Salary is the "rate" at which an exempt employee is paid (as different from nonexempt employees who are paid with an hourly "rate").  Texas Tech's pay plan quotes salaries for exempt titles as an annual rate.  Two categories of exempt titles are in the Texas Tech pay plan:
  • Faculty/TA/GPTI titles whose annual pay is quoted for the 9 month period (teaching titles used in the 9 month academic year of Sept through May).  The ePAF for teaching appointments includes 'Faculty/TA/GPTI' with the name of the ePAF, and the ePAF Originator is expected to enter a 9-month total pay in the Annual Salary entry field.
  • Regular Exempt titles whose annual salary is quoted for a 12 month period.  The ePAF for regular exempt appointments includes 'Exempt' with the name of the ePAF, and the ePAF Originator is expected to enter a 12-month total pay in the Annual Salary entry field.

If you are appointing an exempt employee for only a semester, the ePAF requires an Annual Salary "rate" to be entered for a full 9-month or 12-month amount.

If you are given semester pay and need to convert it to an Annual Salary "rate" for entry on the ePAF, use the  ePAF Calculator on the AFISM Resources page, and select the 'Multi-purpose Exempt Salary' from the drop-down list.
Attached Files
There are no attachments for this article.
Comments
There are no comments for this article. Be the first to post a comment.
Name
Email
Related Articles
I have ended an employee’s job in Banner who I will reappoint at a later date, should I make any notes in the comment section of the ePAF?
Viewed 240 times since Tue, Jan 6, 2009
How do I get Approver access to the ePAF system?
Viewed 790 times since Tue, Dec 2, 2008
What is a Non-Tech Employee?
Viewed 170 times since Wed, Dec 22, 2010
Which ePAF Routing Levels should I choose?
Viewed 172 times since Wed, Dec 22, 2010
What is a secondary position?
Viewed 231 times since Wed, Dec 22, 2010
What are Employee One-time Payments (EOPS)?
Viewed 241 times since Wed, Dec 22, 2010
Where do I go to find a specific employee’s position number?
Viewed 273 times since Tue, Feb 17, 2009
What is an Earning Code?
Viewed 204 times since Wed, Dec 22, 2010
Where is the approval button for an ePAF?
Viewed 264 times since Tue, Dec 9, 2008
What classes are available to learn ePAF preparation?
Viewed 252 times since Wed, Dec 22, 2010
MENU