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Transaction Thursdays: Contract Pay

Welcome to Transaction Thursdays! Each week, we'll review a transaction, provide brief instructions and troubleshoot some common errors. 

What is contract pay? 

Faculty members are usually paid on contracts.  Contract pay is a calculation of pay that defines a contract pay type and its payment periods. Before the start of the academic year, faculty members elect the contract type indicating they are to be paid salary over nine months or 12 months.

There are three transaction pages related to contract pay: Hiring/Rehiring, Pay Rate Change and Contract Pay. Depending on your task, you'll use one of these pages. Click on the toggle below for a short, interactive walkthrough. 

Choose your contract task. Are you

Creating a new contract for a new (or previously terminated) employee?

You need the Hire transaction page! 

To watch the presentation again, click the first segment of the horizontal scroll bar, above. 

Setting up a new contract for an active employee?

You need the Pay Rate Change transaction page!

To watch the presentation again, click the first segment of the horizontal scroll bar, above. 

Changing pay for an existing contract?

You need the Pay Rate Change transaction page!

To watch the presentation again, click the first segment of the horizontal scroll bar, above. 

Changing parameters of an existing contract?

You need the Contract Pay transaction page!

To watch the presentation again, click the first segment of the horizontal scroll bar, above. 

Got 30 minutes? Check out this video on contract pay transactions

We hope this clears up some of your transaction questions. Stay tuned for more troubleshooting tips!

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