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Proposal to provide a classification and compensation study to Elk River Municipal Utilities November 2023 <br />Project Fee <br />Delivering a professional fee estimate for Elk River Municipal Utilities <br />Baker Tilly will perform the tasks as described in this proposal for the ERMU for a fixed professional fee of <br />$25,100. This fee is based upon conducting a classification and compensation study for 32 positions. <br />Baker Tilly will invoice the ERMU monthly based on project hours incurred. <br />Project initiation. Planning meetings with the ERMU's project team, data requests, and $2,800 <br />project setup. <br />Job Evaluation. Utilizing existing job descriptions to review and evaluate approximately 34 $2 900 <br />positions relative to all the ERMU's positions to establish internal equity. <br />Market assessment. Custom market survey distributed to up to 10 public peer <br />organizations requesting base pay information on 32 positions. Published data from the $10,800 <br />Comp Analyst, Pay Factors, and Economic Research Institute will also be included to <br />represent the private sector. <br />Pay plan. Development of a new pay structure based on the study's results and tested <br />through a regression analysis. Grade assignments established by job evaluation and $5,700 <br />implementation cost scenarios prepared. <br />Project completion. Final report and presentation of results. Delivery of all project $2 900 <br />documentation and training with HR staff to maintain the new system. <br />TOTAL $25,100 <br />Out-of-pocket expenses <br />Should the ERMU desire in person meetings or presentation from the consultant, Baker Tilly would bill the <br />ERMU for actual out of pocket expenses related to travel. <br />Additional work <br />Should the ERMU request and authorize additional work, we would invoice the ERMU at an agreed -upon <br />fee or our standard hourly fees. <br />Staff level Hourly rate <br />Principal, partner, managing director $575 <br />Director, senior manager $475 <br />Manager $295 <br />Senior associate $230 <br />Associate $185 <br />Baker Tilly will invoice the client monthly based on project hours incurred. <br />171 <br />