You know, I don't know why this is so confusing to me. I mean, it makes a lot more sense now, but why do we scrimp and save and not pay for things for the students, when we could spend .5 times the instructors salary. And what does the instructor's salary have to do with how much the overhead is? Aaargh. Oh well.
Natter 68: Bork Bork Bork
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
Hooray, something I learned in business school was useful to someone!
Yes, thank you -t! I am such a dummy about this-- and my former boss was too!
Amy - if it gets there, please let us know the where, when and what of the TV show. I will totally watch it.
I met Sheryl and her DH last night! They came to my show and enjoyed themselves, verily. Several of my castmates spoke well of them.
And what does the instructor's salary have to do with how much the overhead is?
I expect this is a rule-of-thumb thing based on the historic costs of classes. They may have found that the total cost of all classes averaged 1.5 times the total cost for instructors. If this was consistent for several years, it's a useful rule of thumb even though it might not apply to every instructor and every class.
And what does the instructor's salary have to do with how much the overhead is? Aaargh. Oh well.
It's an average -- overall, the U. knows it spends X on salaries and .5X on overhead (apparently -- in my experience, overhead is calculated on everything, not just salaries, but I'll go with it). So instead of figuring the exact specifics each time (flyers, IT, whatever), you just use the 52% every time, and it works out over the year.
Jesse has it. I work with this type of calculation with our engineering projects and we use similar calcuations when deciding to go after a project.
The search CJ was working on Sunday is still continuing (CJ is at school though). He is going nuts, wanting a conclusion.
Yoiks. Okay, I finally gave up and went and dumped on The New Boss about My Nemesis. I am informed that I come across as "sharp". (Woops.)
OTOH, he had some good ideas for how to manage working with My Nemesis, even though it's clear they're never going to get rid of her.