Y will spend 2.5 months during the summer conducting grant-funded research. Y is on a 9-month appointment a salary of $45,000. Also keep in mind that some funding agencies (including the National Science Foundation) limit summer compensation to 2 months – be sure to check the program guidelines carefully for these restrictions.ĮXAMPLE: Dr. Take a faculty member’s summer teaching plans into account when determining how much time to budget for grant activity, to ensure the budget doesn't exceed the 33% summer pay maximum. When all summer pay – including teaching and grant pay – is combined, the total cannot exceed 33% of the faculty member’s academic-year salary. VSU allows 9-month faculty to earn up to 33% of their salary during the summer. To budget for summer effort, divide the 9-month base salary by 9 to calculate the monthly rate of pay, then multiply that figure by the number of summer months (up to 3) that the faculty member will work on the grant project. Monthly Rate of Pay (For Summer Salary)įaculty members often use the summer months to conduct research and work on grant activities. Z will be released from one course each semester to work on grant activities during the academic year. Z is on a 9-month appointment a salary of $50,000. To budget for academic year course release, multiply 12.5% x the number of courses from which the faculty member will be released during the academic year x the faculty member’s base salary.ĮXAMPLE: Dr. For faculty members teaching four courses per semester (8 courses per year), each course equals 12.5% of their total academic year effort. In these instances, the grant will pay for that portion of the faculty member’s time, creating “salary savings” to the institution.
With the approval of the Department Head and Dean, faculty can be released from academic year teaching duties to work on grant-funded activities. Most faculty are on 9-month appointments, and their effort and compensation on a grant program can be calculated using the methods below: Academic Year Course Release Many projects will involve the effort of VSU faculty. (If next year’s raise is known at the time you are developing a budget, include the known raise for next year then budget a 3-5% pay increase for any subsequent years of the project.) While raises have been lower than 3%-5% in recent years, budgeting for that level of increase is prudent so that any unpredicted costs (e.g., promotions, fellowships, etc.) can be covered. If project activities will take place after the current fiscal or academic year ends, calculate a 3-5% raise per person for each year of the project. Raisesĭepending on the planned start-date and duration of your project, you may need to include pay raise estimates to ensure that your budget will have sufficient funds to cover personnel costs. Budget Using the Base Salary for VSU Employees Base SalaryĬalculate salaries and wages for grant budgets using each person’s institutional base salary and time / effort committed to the project. Always check the funding agency’s guidelines for requirements about appropriate salary charges. This section includes GENERAL GUIDELINES regarding the costs of all salaries and wages that will be paid to VSU personnel (current personnel and those to be hired, including students).
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