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https://balancedcomp.com/the-2080-hours-lie-thats-keeping-hr-in-the-passenger-seat/
At $10 * 2080 hours, his annual wages should be $20,800…right? Nope. Which means… I don’t like it, not even a little. And neither should you. Sure, we could all call it 2080 for the sake of argument, write-off the seemingly minuscule difference, and have one less thing to worry about. But we built a web application. With a computer. That ...
https://www.bfs.ucsb.edu/faqs/currently-pay-based-2088-hours-calendar-year-when-we-switch-monthly-paychecks-biweekly
Business & Financial Services University of California, Santa Barbara 3201 Student Affairs and Administrative Services Building (SAASB) Santa Barbara, CA 93106-2040
https://www.opm.gov/policy-data-oversight/pay-leave/pay-administration/fact-sheets/116278.pdf
by the actual work hours in each year--2,080, 2,088, or 2,096--to compute employees' hourly rates. This method would require that the appropriate divisor be determined each year and entered into the payroll system. A second alternative would be to use 2,087 work …
https://hr.uiowa.edu/pay/compensation-classification/annual-standard-hours
Professional and Scientific (P&S) and Service Employees International Union (SEIU) employees have a basis of 2080 standard hours in each fiscal year. This number remains consistent regardless of the number of actual working days in a year. The annual number of standard hours used to calculate salaries for Merit employees are based on the collective bargaining agreement between the State of Iowa and …
https://www.answers.com/Q/Why_do_most_human_resources_use_2080_work_hours_in_a_year_when_there_are_actually_2088
Divide by 2080 work hours in a year. 56518/2080= $27.17 / hour 8 hours/day X 5 days/week X 52 weeks/year = 2080 How many business hours …
https://hoursfinder.com/0-9-hours/2088-working-hours.html
The working hours for a FTE position not identified below can be determined by multiplying the position’s FTE by the working hours required for a 1.0 FTE position (2088 or 2080 hours, depending on the year) and round to the nearest whole hour. For example, a .80 FTE would be required to work 1670 hours in fiscal year 2017 (2088 X .8 = 1670).
https://hr.arizona.edu/supervisors/compensation/how-hours-fiscal-year-affect-annual-pay-rates
Fiscal Year Calculation = Annualized Salary/2080 hours in a fiscal year Academic Year Calculation = Annualized Salary/1600 hours in an academic year. For an employee transitioning from hourly to salaried (non-exempt to exempt) Fiscal Year Calculation = Hourly Rate * 2080 hours in a fiscal year * FTE
http://www.wifcon.com/discussion/index.php?/topic/69-how-many-hours-in-a-person-year/
2080 is full time, 40 hours per week, 52 weeks per year. 2000 considers the 10 national holidays. 1980 is the figure that is being used in the acquisition which I am supporting. I questioned the rationale of using 49.5 weeks (1980/40) as a Person Year because it not only breaks a week in half, it breaks a day in half.
https://forum.federalsoup.com/default.aspx?g=posts&t=76693
Multiply your hourly pay by 2,080 to get your annual pay. (40 hours x 52 weeks= 2080) Or multiply your hourly pay by 80 and again by 26. (80 hours per pay period x 26 pay periods) I think the way you did it will leave you 4 weeks short.
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