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3 <br /> I. Introduction <br /> Current Compass was retained by Elk River Municipal Utilities (ERMU), to <br /> conduct a compensation study for ten leadership positions. The objective of the <br /> study was to determine how competitive the utility is by collecting and analyzing <br /> base salary compensation data within its labor market of Minnesota municipal <br /> utilities, national municipal utilities and cooperative utilities. ERMU provided <br /> most of the study data. <br /> This Compensation Study contains compensation results for ten classifications <br /> included in the survey, outlines the project scope and work plan, describes the <br /> methodologies utilized in data collection and analysis, and provides an overview <br /> of the study results. The study report also contains Charts 1 through 10, which <br /> present the study results by positions and ERMU's current compensation rates. <br /> II. Executive Summary <br /> When compared to local, state and national averages for the size and ranking of <br /> a municipal electric and water systems, Elk River Municipal Utilities (ERMU), <br /> rates for their top ten leadership salaries fall considerably short. Top rates for <br /> most of the senior leadership positions at ERMU are below average reported <br /> salaries in Minnesota Municipal Utility Association (MMUA), and American <br /> Public Power Association (APPA) national survey for comparable positions. <br /> Non-competitive compensation makes it very difficult to attract highly qualified <br /> leaders for the organization. A municipal utility is an enterprise and must be <br /> able to attract and retain talented leaders to oversee and improve the utility. A <br /> continuation of this trend will render ERMU, at best, a good place for young, <br /> talented individuals to gain experience before moving on to more lucrative <br /> opportunities. <br /> Current Compass LLC <br /> 97 <br />