Johnson School
Cornell University
Salary Calculation
The formula for the full-time annual equivalent rate for a nonexempt (OPE) 39 hour/week, 52 week employee is:
$Hourly Rate x 39 x 52 OR $Hourly Rate x 2028 Hours per Year = Annual Salary
The formula for annualizing hourly pay for an academic or exempt (OPI) employee is:
Annual Salary/24 (# of Pay Periods) = Biweekly Rate/78 (# of Hours/Pay Period) = $Hourly Rate
Last Modified: March 13, 2007