Policy: Legal-financial aspects of work contracts: Difference between revisions

<P Align="justify">Every individual associated with [[Future Worlds Center]] has to comply with the organization's principle of full commitment and devotion. The organization considers its [[Associate|associates]] as committing their full time and effort to their projects even when their respective paid number of hours are less than 140 hours per month</p>

<P Align="justify">Individuals directly hired by the organization are considered and treated as employees of Future World Center, however every associate is reponsible for paying their own social insurance and other related taxes required by Cyprus law since these amounts are included in their income provided by the organization. The implemented principle maintains the social entrepreneurial character of the organization, therefore encouraging the associates to feel and behave repsonsibly for their own benefits.</p>

<P Align="justify">Due to the fact that every [[Associate|associate]] is directly hired to fulfil certain project activities, every hour reported by the associate and therefore paid out is considered productive. Nevertheless, there is an established maximum number of hours in a year that can be charged to the organization, unless the Board decides under specific circumstances otherwise. The maximum annual productive hours of associates are calculated as follows:</p>

''In case of times of higher work demand, the Organization accepts a maximum of 11 hours per day as actual working hours which however cannot be a regular limit, it is acceptable only in extraordinary circumstances approved by the Executive Director.''

<P Align="justify">Although the productive hours calculation is unified for the whole organization, the calculation of the personnel cost can be vary per project due to the different time commitment definition applied by the funding organization such as in European Commission programs.</p>

<P Align="justify">Due to the fact that [[Future Worlds Center]] [[Associate|associates]] are directly hired to implement '''specific project tasks and no [[Associate|associate]] shall be funded by the organization own resources without external co-funding''' (i.e., [[Associate|associates]] are hired only for the duration of the project; general, organization related activities shall be executed during volunteered hours unless specifically approved by the Board), the rates budgeted in the corresponding Grant Agreement with the funding organization for which they are hired are used for calculation of their remuneration.</p>

<P Align="justify">In order to release project payments , every [[Associate|associate]] has to submit timesheet showing the actual hours spent on each and every project (or project task) in which s/he is involved. The payment is calculated based on the information of the the submitted timesheet taken into account the rate and the definition of the personnel cost calculation set in the [[Policy: Signing a Contract with Future Worlds Center|Working Contract]]. Release of project payments on account can take place upon the request of the associate, but the circumstances must be recorded on the Contract Amendment.</p>