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ERIC Number: ED167042
Record Type: RIE
Publication Date: 1979-Jan-29
Pages: 21
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: N/A
Pay and Price Standards Implementation Guide. NACUBO Special Report 79-2.
National Association of College and University Business Officers, Washington, DC.
Excerpts are presented from a "Pay and Price Standards Implementation Guide," published by the Council on Wage and Price Stability (COWPS), to provide information pertinent to the compliance effort of institutions of higher education. In addition, a copy of a letter sent to Farrell Bloch, senior Economist at COWPS, defining what constitutes a "deficit" for a nonprofit organization is included. In order to comply with the pay standard, institutions must calculate rates of change of pay rates for various employee groups. Different methods of computing these changes are required for collective bargaining agreements and nonunion pay-rate increases. A method of computing the base-period pay rate and the pay rate at the end of each year of the contract period is presented. Descriptions are provided of how an institution might compute each of the following key elements needed to compute pay rates in the formula: average straight-time wage rate, hours worked and hours of leave, cost of paid-leave benefits per hour worked, and other benefit costs per hour worked. Three alternate methods of calculating nonunion pay increases are presented. Additionally, questions and answers are presented that are an extension of those reproduced in the final regulations published in the December 28, 1978 "Federal Register." (SW)
NACUBO, One Dupont Circle, Suite 510, Washington, D.C. 20036
Publication Type: Guides - Non-Classroom; Numerical/Quantitative Data
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: National Association of College and University Business Officers, Washington, DC.
Identifiers: Council on Wage and Price Stability; Wage Standards
Note: Not available in hard copy due to print quality