Salary Costing System
In preparing salary costings you should be aware that as an employer the University has to meet additional costs over and above the gross salary being paid to an individual. There are two types of additional cost - Employers National Insurance (N.I.) and Employers Pension Fund Contributions. The former varies with the level of salary being paid and whether the employee is a member of an occupational pension fund or not. A lower rate of N.I. is payable if an employee is in an occupational pension scheme. The level of employers pension fund contributions varies with each scheme in operation within the University.
The salary calculator below can be used to give a costing of salary costs plus on-costs for an individual spine point. This may be helpful, for example, when calculating the costs of replacing a post. However DO NOT USE THE SALARY CALCULATOR IF CALCULATING STAFF COSTINGS FOR RESEARCH GRANTS AND CONTRACTS OR OTHER EXTERNALLY FUNDED ACITIVITES. Please contact the Research and Enterprise Office for all staff costings for Research Grants and Contracts. REO will ensure that detailed salary costings are done in compliance with the Funder’s rules and will ensure costings are calculated on a full economic basis and include any increments , pay awards etc.
Please contact your Service Accountant for detailed salary costings in support of Course Costings, Other Services Rendered and Commercialisation activities, Lottery Bids, other sources of funding.