Full-Time Bi-Weekly

Non-exempt employee works 80 hours bi-weekly at a rate of $20.0000 per hour.

In this case, FTE% = 80/80 = 1 = 100%
and Annualized Salary = $20.0000 x 2080 = $41,600.00

Part-Time Bi-Weekly

Non-exempt employee works 60 hours bi-weekly at a rate of $20.0000 per hour.

In this case, FTE% = 60/80 = 0.75= 75%
and Annualized Salary is still = $20.0000 x 2080 = $41,600.00

Full-Time Monthly

Exempt employee works at 100% for an annual salary of $100,000.00.

In this case, Annualized Salary = Annual Salary / 100% = $100,000.00

Part-Time Monthly

Exempt employee works at 75% for an annual salary of $100,000.00.

In this case, Annualized Salary = Annual Salary / 75% = $133,3333.33

Note that, if a monthly employee goes from 100% to 75% but departments intend to maintain the annual salary to the same amount ($100,000), this would require an increase of the Annualized Salary from $100,000 to $133,333, i.e. a 33% increase. State regulations would not allow for such an increase for an FTE position.