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Arden Hills <br />• We will complete and submit a pay equity report every three years or when otherwise <br />required. <br />• If desired, we will handle data input of wage data into the LMC/AMC salary system. <br />We will provide budget support by: <br />■ Recommending an adjustment to your Pay Plan for the coming year based upon COLA and <br />market factors. <br />■ Preparing up to two (2) analysis of budget impacts of alternatives for wage adjustments. <br />• Making an annual presentation to the staff and/or selected group on the status of your <br />compensation system. <br />PROJECT INVESTMENT <br />Option <br />Services <br />Total Cost Not to Exceed <br />Estimated Timeline <br />per Option <br />1 <br />Compensation Study/ Market Analysis <br />$5,150 <br />4-6 weeks <br />Compensation Study/ Market Analysis <br />$7,650 <br />8-10 weeks <br />2 <br />Amend or Establish Compensation <br />System <br />Compensation Study/ Market Analysis <br />10-12 weeks <br />Amend or Establish Compensation <br />$9,150 <br />3 <br />System <br />Implementation Analysis and Strategy for <br />Compensation <br />4 <br />Ongoing Maintenance <br />$4,200 <br />Ongoing work done <br />annual) <br />5 <br />Full Classification and Compensation <br />$12,650 <br />20-24 weeks <br />Stud <br />PAGE 13 <br />