The information below should be used as a general guide; however, it is a good idea to check faculty compensation figures with associate provost Trish St. Leger
(7224) and support and technical staff compensation with Jill Dinski
(6668), manager of HR operations.
A. Faculty Salaries:
When the identity of the person to be paid by the grant is known, use exact salary figures. Otherwise, use an appropriate estimate, checking with Trish St. Leger
(7224) to make sure the estimate corresponds to Colgate's existing salary structure.
To calculate faculty salaries for summer work, use a maximum of 2/9
(= two months) of the academic year salary, keeping in mind that July 1 is the date of annual salary increases.
Estimate annual salary increases at 2.8%
. Fringe Benefits:
Calculate faculty fringe benefits at 30.1% of salary.
If the agency does not allow fringe benefits to be paid from the grant, see the Faculty Handbook
2.a) for information about life and medical insurance premiums during grant-supported leaves of absence.
If faculty from other institutions
will be paid through the grant, contact assistant controller Andrew Fagon
(7765) to help determine the correct rate and which institution will be responsible for fringe benefits.
B. Administrative, Support, and Technical Staff
If the identity of the person to be hired is known, use exact salary figures. Otherwise, use an appropriate estimate for salary. Check your figures with Jill Dinski
(6668). Use the following percentages for fringe benefits: 31.8%
of salary for administrative employees 41.4%
of salary for support and technical employees 33.5%
of salary for interns
C. People Who Are Not Ongoing Employees
If the non-Colgate employee will work less than 1,040 hours per year under the grant, charge the grant 10% of salary
for fringe benefits. If the person will work 1,040 hours or more, use the percentages in B, above
D. Students Summer research assistants
typically conduct research for 8 to 10 weeks:
- Stipend: $450 per week for summer 2017, 2018, 2019; $475 per week starting summer 2020.
- Fringe benefits: 10% of stipend.
The Office of Financial Aid and Student Employment is responsible for all on-campus student employment during the academic year. Student wage rates are set according to the requirements of the position and the number of years the student has held that particular position at Colgate. No merit pay can be offered, and no fringe benefits may be charged for academic-year student work. For current rates, see “Student wage rates” under “Getting Paid” on the student employment
E. Facilities Department
For construction or infrastructure needs, your budget will most likely reflect per-job charges. Contact Dan McCoach
(6046) in the facilities department for assistance in developing an estimate of job costs. Allow 2-3 weeks for estimates.