Explanation of Monthly Compensation Changes

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Presentation transcript:

Explanation of Monthly Compensation Changes *Example ONLY – Calculations Approximate **Additional Holiday used for annualized salary calculation.

Annual Income = $29,600 (185 Days, $20/hr, 8 Hours.) Holiday Pay = $2,400 (**15 days, $20/hr, 8 Hours.) School Year 2015-2016 Vacation Pay = $1,600 (10 days, $20/hr, 8 Hours.) *Example Total Income = $33,600 Aug. 2015 School Begins Sep. 2015 Oct. 2015 Nov. 2015 Recess Period Dec. 2015 Recess Period Jan. 2016 $1411 $3541 $3541 $3541 $3541 $3541 Approx. 2 Recess Days Approx. 6 Recess Days Use of Vac. Bal. Days 1-2 Use of Vac. Bal. Days 3-8 Feb. 2016 Recess Period Mar. 2016 Apr. 2016 Recess Period May 2016 Jun. 2016 School Ends Jul. 2016 Non Worked Non Paid $3381 $3541 - $160 $3541 $2901 $3541 - $640 $3541 $1120 $0 Approx. 3 Recess Days Approx. 4 Recess Days **Additional Holiday used for annualized salary calculation. Use of Vac. Bal. Days 9-10- 1 Day AWOP Use of Vac. Bal. 4 Days AWOP

Annual Income = $29,600 (185 Days, $20/hr, 8 Hours.) School Year 2016-2017 Holiday Pay = $2,400 (**15 days, $20/hr, 8 Hours.) Vacation Pay = $1,600 (10 days, $20/hr, 8 Hours.) *Example Total Income = $33,600 Aug. 2016 School Begins Sep. 2016 Oct. 2016 Nov. 2016 Recess Period Dec. 2016 Recess Period Jan. 2017 $3054.55 $3054.55 $3054.55 $3054.55 $3054.55 $3054.55 Approx. 2 Recess Days Approx. 7 Recess Days Feb. 2017 Recess Period Mar. 2017 Apr. 2017 Recess Period May 2017 Jun. 2017 School Ends Jul. 2017 Non Worked Non Paid $3054.55 $3054.55 $3054.55 $3054.55 $3054.55 $0 Approx. 3 Recess Days Approx. 4 Recess Days **Additional Holiday used for annualized salary calculation.

**Additional holiday used for annualized Salary calculation. The need to move away from 2 payroll systems. Consistent monthly pay. Employees that work any time over the recess period will turn in a time sheet to be paid for those hours. 10 Vacation days added into monthly salary computation. If an available balance, additional vacation days will be paid out for the remaining 6 recess days. *15 Holidays are added into the monthly salary computation. Allows full Benefit Deductions for June if applicable. **Additional holiday used for annualized Salary calculation.