CCP 03-10-2003 - Laserfiche WebLink

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. . . Stone Murphy does not provide psychological assessment services. facilitate the use of those services should the committee desire. We would, however, be happy to STEP SEVEN: NEGOTIATION OF OFFER AND CLOSING Once a final candidate has been selected, we serve as an intermediary between the City of Arden Hills and the candidate to ensure a successful conclusion to the search. We provide recommendations on compensation structuring, offer presentation and negotiation strategies. Unfortunately, there is no guarantee that once an offer is extended, a candidate will accept it. We try with great aSSurance to minimize turndowns by direct and frank conversations before an individual becomes a "true" candidate. We also try to provide notice early on in the process of any issues which need to be addressed before a candidate gets to the offer stage. We recommend that candidates spend as much time as possible with the City of Arden Hills employees, as this allows candidates to take themselves out of the search process if they feel the job or culture is not a good fit. Direct and frank conversations about compensation are critical to a successful outcome. Stone Murphy needs to understand the parameters of available compensation and how it might play into acceptance of an offer. We try to minimize surprises about compensation by discussing compensation with serious candidates at each stage of the process to keep expectations in line. STEP EIGHT: FOLLOW UP We believe our commitment goes beyond the completion of the search. Stone Murphy will maintain communication with the City of Arden Hills and the new employee during the transition and throughout the first year. CLIENT MANAGER Al Giesen, Managing Director, will function as the Manager on this assignment and is accountable for completion of the project. He will personally make initial contacts with potential candidates, interview and assess all appropriate candidates and provide references thereafter. Al joined Stone Murphy in 1996, and is responsible for managing national searches across a variety of industries and functions. Searches conducted include senior management positions in operations, accounting and finance, legal, human resources, sales and marketing. Al has performed all Stone Murphy public sector searches since 1996, with the exception of the University of Minnesota Foundation. Please see Addendum A. AI has 23 years experience in the search business. This includes eight years managing a group of seven Midwest offices. Al is a CPA and previously worked in public accounting for Arthur Andersen & Co. He is active in the Minnesota Society of Certified Public Accountants and spent time on their Board of Directors. He graduated from the University of South Dakota with a Bachelor of Science degree in Business Administration. TIMET ABLE We estimate 30 days for the completion of steps three (Research and Candidate Identification) through five (Presentation and Recommendation of Candidates). You will appreciate that once qualified candidates are selected for the interview process, the timetable begins to fall within the availability of the search committee. PROFESSIONAL FEES Our fee is 30% of the first year's compensation, which includes base salary plus estimated bonus. We request one-third of the estimated fee to initiate the search, one-third at the time of Presentation and Reconunendation of Candidates (Step Five) and the balance of the actual fee upon completion of the search. 3