Faculty Affairs Processes and Procedures

Rate conversions

Annual/hourly

To convert annual (12-month) salary to hourly, divide by 2080.

To convert hourly pay to annual (12-month), multiply by 2080.

Examples:

• • Annual $35,000/2080=$16.83 per hour
  • Hourly $15.00 x 2080 = $31,200 annual

9-month/12-month

To convert 9-month annual rate to 12-month annual rate:     

a)        or

b) 9-month salary/9= y, and then y*12.

Example:

$30,000 annual (9-month)/9=3333.33;

3333.33*12 =$40,000 annual (12-month)

9-month to hourly

To convert 9-month annual rate to hourly:

• Step one: Convert 9-month annual rate to 12-month annual rate: 9-month salary/9=y, and then y*12.

Example: $37,998/9= $4,222; $4,222*12 = $50,664

• Step two: Divide 12-month annual by 2080 to get hourly.

Example: $50,664/2080 = $24.36