Lincoln University HR Logo

 

INCENTIVE GRANT FORMULA
SALARY CALCULATIONS
 
Step 1
Academic annual salary                                                 $70,104.00
                                                                                               X
FTE* % awarded towards salary from grant                          10% =
Portion of Academic Salary charged to grant                 $7010.40 *8
 
 
Step 2
Portion of Academic Salary charged to grant                 $7010.40
                                                                                               X
Additional % for incentive pay from grant                             .025***=
Annual Incentive Pay                                                     $ 1,752.60
 
 
Step 3
Addition to monthly salary                                              $1,752.60
                                                                                              ‘/,
 Months (9 or 12)                                                                   9 =
 Amount added to monthly salary                                    $194.73
                             
 
               
    *Full time employment
  ** Percentage of annual salary paid from grant. 
*** Incentive pay: additional percentage of salary charged to a grant. Incentive pay can equal
      up to but not exceed 125% portion of Academic Salary charged to grant.