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City of Mounds View Staff Report <br /> April 2, 1997 <br /> • Page 3 <br /> COMPENSATION <br /> The following provides an overview of issues which will need to be addressed in formulating a <br /> compensation policy. If the City chooses to use HAY services, a compensation plan will be <br /> developed specific to the goals and interests of the City. <br /> The PDI estimated proposal was $2,100 which includes only benchmarking. The HAY proposal <br /> excluding revision of the compensation system is $2,500, resulting in a$400 difference between <br /> the two providers. HAY proposal included an addition amount of$850 for the development of a <br /> compensation system resulting in the total proposal of$3,350. <br /> To implement a compensation plan, ultimately the first step should ensure benchmark values <br /> truly reflect position responsibilities. Therefore, review of benchmark values should occur prior <br /> to development of a compensation plan. In general, compensation is determined by <br /> incorporating the following three factors: a compensation plan, market salary data, and pay <br /> equity/comparable worth conformance. <br /> ► COMPENSATION <br /> 1. Existing policy: The minimum and maximum salary range are based on the <br /> average minimum and maximum salary range of Stanton 5. <br /> • 2. Alternative Options: <br /> a. Taxable Tax Capacity: Use those cities with similar taxable tax capacity to <br /> Mounds View. Those cities include: <br /> City Population Total Tax Capacity * <br /> Lino Lakes 13,097 7,825,611 <br /> Northfield 15,667 7,747,544 <br /> Albert Lea 18,207 7,619,537 <br /> Little Canada 9,337 7,610,821 <br /> Robbinsdale 14,206 7,426,723 <br /> Mounds View 12,561 7,335,733 <br /> North Oaks 3,6750 7,159,247 <br /> Medina 3,493 6,764,918 <br /> Fergus Falls 12,874 6,854,712 <br /> Cloquet 11,160 6,780,897 <br /> • North Mankato 11,340 6,621,071 <br />