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HomeMy WebLinkAbout#9 Moss Adams Comp Study AGENDA ITEM #9 Public Utility District m MEETING DATE: May 1, 2024 TO: Board of Directors FROM: Jillian Steward, Human Resources Director SUBJECT: Consider Approval of a Contract with Moss Adams for a Compensation Study for the District for an Amount not to Exceed $75,000. APPROVED BY: Brian C. Wright, General Manager RECOMMENDATION: Authorize the General Manager to execute a contract with Moss Adams for a compensation study for the District, with a contract amount not to exceed $75,000. BACKGROUND: District Code 4.06.101 Compensation Plan establishes the General Manager's responsibility to maintain a compensation plan for all classes of positions. The plan shall establish a salary range or rate of pay, showing minimum and maximum rates for each class. The General Manager shall submit the compensation plan to the Board of Directors for approval. Historically, the District has maintained two salary schedules, one for the classifications represented by the International Brotherhood of Electrical Workers (IBEW), Union Local 1245, and a second schedule for classifications not represented by a union (management, technical, engineering). In March 2020, the District and IBEW Local 1245 negotiated an updated Memorandum of Understanding (MOU) establishing a compensation and benefits plan effective January 1, 2020, through December 31, 2024. The last compensation study completed for represented employees was prior to 2015. The most recent compensation study for unrepresented employees was completed at the end of 2021 and presented to the Board in March 2022. When the results were presented to the Board in March 2022, the District committed to undertaking a more comprehensive compensation plan to include the following: • Review of job classifications and descriptions • Establish Board adopted policy for competitive salary metrics • Identify employer market profile for future compensation studies Page 1 of 4 Page 20 of 215 • Healthcare benefits market analysis • Retirement benefits program review • Proposed updated compensation and benefits maintenance plan ANALYSIS AND BODY: At this stage of the comprehensive compensation plan project, the District has identified the need to do an organizational assessment study to allow for a more thorough and accurate compensation study. The information gathered from the study will be a useful resource during labor negotiations with IBEW 1245, which will begin in the late summer/early fall of this year for a new contract effective 2025. For the compensation study and organization assessment, the following services will be performed: • Review the District's compensation package, provide analysis relative to other comparable agencies, and provide recommendations based on results. • Review job descriptions selected from the 2024 unrepresented and represented employee wage ranges to ensure internal alignment and equity between groups based on the essential duties, minimum qualifications, and comparable positions identified. • Review selected job descriptions for internal alignment and uniformity in lay out, consistent language, expectations, and minimum qualifications. • Review current compensation policy and plan design to determine if adjusting pay structure will provide better equity, flexibility and mobility. • Review of organizational structure, including analysis of the appropriate grouping of functions and responsibilities within departments, as well as cross- departmental. Three qualified companies, Gallagher, Moss Adams, and CBIZ Compensation Consulting, provided proposals for the work to be performed. A District selection committee met to review the three proposals and evaluated the following criteria: • Clarity of proposal • Experience of project manager and staff • Technical requirements • Schedule • References • Cost Page 2 of 4 Page 21 of 215 The proposed costs are as follows: Firm Proposal Cost Gallagher $138,000 Moss Adams' $71,000 CBIZ $44,525 Based on the overall proposal evaluations, the committee determined that Moss Adams would be the most beneficial firm in the District for the following reasons: • The proposal included a thorough and comprehensive plan for the compensation study. • The proposal included an in-depth approach to understanding the specifics of our organizational structure and the positions that will be evaluated. This thorough understanding is a priority of the District's to feel confident that the data received from the study is comparable to our organization and therefore useful. • The staff assigned to this project have extensive experience. • The company's expertise included various special districts, municipalities, cooperatives, and most notably their experience with power and water utilities in the western region. Moss Adams will have the resources and contacts to provide the most thorough and relative compensation study. • The proposal provided the most comprehensive study objectives and deliverables. Timeline: • May : Start-Up and Management • May - June: Fact Finding • July - Aug.: Analysis • Aug. - Sept: Reporting Moss Adams's Assurance (audit) and Consulting groups are independent. Engaging with Moss Adams for this study contract does not conflict with the audit services, and multiple services are common in the audit/consulting business. GOALS AND OBJECTIVES: District Code 1.05.020 Objectives: 6. Manage the District in an effective, efficient and fiscally responsible manner. District Code 1.05.030 Goals: 1. Manage for Financial Stability and Resiliency Page 3 of 4 Page 22 of 215 5. Developing an inclusive culture drives organizational integration and success. FISCAL IMPACT: The FY24 budget included $75,000 for a compensation study to be completed this year. GL account number 1/2.2.925.00.583. ATTACHMENTS: None Page 4 of 4 Page 23 of 215