A set of criteria for determining faculty workloads in light of changing roles and responsibilities is presented along with a formula that institutions can use to assess faculty workloads. After introductory material, the first section defines a workload formula as a method of determining the responsibilities a faculty member must carry out in a given term and the time needed to fulfill them. The paper then specifies the goals of a workload formula, i.e., to attain efficiency and effectiveness in the delivery of instructional programs, to determine overloads and part-time faculty salaries, and to aid in evaluating the costs of new programs, developing annual budgets, and long-range planning. Next, basic assumptions upon which a workload formula should be based are outlined, including administrative support, periodic review, and the application of a common unit of measurement. Then, issues involved in the development of a formula are addressed, such as, who should develop the formula and what responsibilities should be included. The following sections suggest steps in developing a load formula (e.g., obtain an administrative mandate, convene a group responsible for the process, and assign weights for different activities) and list factors that should be included in the formula. The bulk of the report consists of an example of the use of the proposed formula at a hypothetical college, which specifies the weights assigned to particular instructional and non-instructional activities. (HB)