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5/29/2024 <br />i <br />Classification and <br />Compensation Study <br />Elk River <br />Municipal UN <br />J <br />Project Methodology <br />Project Results <br />• Internal Equity = Job Evaluation <br />• External Equity = Market Study <br />• Pay Plan Development <br />• Implementation <br />Recommendations <br />Next Steps <br />M e[F otl olc5�y <br />Project Overview <br />Data Collection: project planning meetings to discuss <br />goals for the study and current challenges experienced <br />by existing classification and compensation plan, data <br />collected from the organization. <br />Position Review: SAFE was utilized for job evaluation, <br />to establish internal equity. Existing job descriptions <br />provided by the organization were the basis of this <br />evaluation. <br />Market Assessment: collection of base pay information <br />from peer organizations. <br />Pay Plan Development: pay plan development, grade <br />assignments, and implementation calculations. <br />Project Completion: final report, Commission <br />presentation, project documentation delivery. <br />120 <br />