ASSIGNMENT 1: Hidden Paycheck
ASSIGNMENT 1: Hidden Paycheck. You will review the policies and procedures related to compensation and benefits at the City of Plano. You will select a position of your choice and complete the Excel spreadsheet below (work individually) based on the information about that position. You must:
1. Select a position in salary grades 22-26 (e.g., Human Resources Analyst).
2. Select a non-exempt position (eligible for overtime).
3. Select a salary level in the lower third minimum, lower third maximum, or midpoint to calculate the hourly pay rate for that position (e.g., the lower third minimum for Senior Buyer starts at $24.44).
4. In addition to the calculations you will enter in each applicable cell, add the page number and the section of each policy applicable to the type of pay or benefit. Provide a hyperlink to the specific policy or procedure.
5. Assume the person has been employed with the City of Plano for 1 year when calculating different benefits (e.g., vacation).
General Compensation Plan FY 2022-2023.
General Policies & Procedures (e.g., Leave, Tuition Assistance)Links to an external site.
The Benefits and General Policies and Procedures websites include many other brochures and summaries of benefits you will have to review in detail.
You will calculate a hidden paycheck by listing all the benefits (e.g., 401 match) and compensation components (e.g., certification pay, car allowance) comprising a paycheck. This assignment intends to help you research what is important to you (and if that is offered) and understand the value of the overall compensation and benefits package.
Download the Excel spreadsheet Download the Excel spreadsheet. Complete the different columns as applicable. Write notes to explain why a column is left blank if it is not applicable (for example, the organization may not offer any commission). Upload the completed spreadsheet as your submission. Include the links to the policies and procedures as hyperlinks.
Complete this assignment individually.
Below are links to a Zoom recording by Dr. Lina (who developed this assignment for UNT), the Excel spreadsheet she uses in the video, and an example of a Hidden Paycheck worksheet:
Zoom Recording (lengthy – follow along and pause it as needed)
Excel spreadsheet used in the video. Download the Excel spreadsheet used in the video.
A1 Hidden Paycheck Worksheet Example.xls – This is an example from another employer, not the City of Plano. It is intended to help you further, but it is NOT for the same employer, so you cannot simply copy it.