Policy: Legal-financial aspects of work contracts: Difference between revisions
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* [[Gentlemen's' Agreement]]: considered as a welcoming letter referring to a [[Minimum Monthly Payment|minimum monthly payment]] without contractual bond | * [[Gentlemen's' Agreement]]: considered as a welcoming letter referring to a [[Minimum Monthly Payment|minimum monthly payment]] without contractual bond | ||
* [[Employee/Service Agreement]]: specific project-task related contract | * [[Employee/Service Agreement]]: specific project-task related contract | ||
==Financial Aspects== | ==Financial Aspects== | ||
===Productive Hours=== | |||
Definition of productive hours (time) of an associate can be vary due to the different personnel cost approach of the European Union programs. | |||
====Personnel cost based on Man-month==== | |||
====Personnel cost based on % of time==== | |||
In case of projects defining staff involvement (mainly projects funded by the Europeaid Program) as a certain percentage (%) of a full time assignment, the following criteria must be taken into account during the calculation of the productive hours charged on the project: | |||
* [[Future Worlds Center]] considers the associate full time, if s/he devotes minimum 1,680 hours per annum to his/her task, i.e. average 140 hours per month. | |||
* Fluctuation of the monthly productive hours during a calendar year cannot exceed the 30% of the average monthly hours stated above in 2 consecutive months. | |||
The above principles must be implemented in case of pro-rata calculation. | |||
===Reconciliation of cost=== | |||
The typical case is that the organization guarantees each new person a minimum monthly income for a period that is typically 1 year. The same individual might have multiple contracts with the organization (one for each project in which s/he participates), or one contract which covers one or more projects from which the individual has financial benefit. In both cases, the contract should have an attachment that clearly specifies the daily (or sometimes hourly) rate that the person may charge the organization, as well as the maximum number of days (or hours) that the person can charge towards involvement in a specific project. The Financial Unit issues a monthly payment of the [[Minimum Monthly Payment]] | The typical case is that the organization guarantees each new person a minimum monthly income for a period that is typically 1 year. The same individual might have multiple contracts with the organization (one for each project in which s/he participates), or one contract which covers one or more projects from which the individual has financial benefit. In both cases, the contract should have an attachment that clearly specifies the daily (or sometimes hourly) rate that the person may charge the organization, as well as the maximum number of days (or hours) that the person can charge towards involvement in a specific project. The Financial Unit issues a monthly payment of the [[Minimum Monthly Payment]] | ||
[[Category:Policies]] | [[Category:Policies]] | ||
