Why Your Biweekly Pay Rate Might Look Different on July 21st
fiscal year the number of working days can vary between 260 and 262 days.
The increase or decrease affects the biweekly pay rates for employees who are
paid an annual contracted salary amount (service professionals, academic
professionals, post-doctoral scholars, faculty, and administrators who are paid
over 12 months). This change does not affect employees who are paid a
straight biweekly rate (classified staff and biweekly temporaries) or “hourly”
Fiscal Year 2018 the number of working days has decreased from 261 to 260 days
so the above listed annual contracted salaried employees will see a slight
increase (.382%) in their biweekly rate of pay for this fiscal year.
of pay rate differences:
further examples and more information on how the pay period that crosses the
fiscal years is calculated, visit https://nau.edu/human-resources/employee-resources/payroll-information/payroll/.