TO: Mayor Richard C. Irvin
FROM: Mayor's Office
Human Resources
DATE: June 25, 2024
SUBJECT:title
An update on matters related to the formation and making of a recommendation as to fixing of compensation of elected officials pursuant to the Local Government Officer Compensation Act.
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PURPOSE:
To determine if an external vendor should be utilized for the purpose of making a recommendation regarding compensation for elected officials pursuant to the Local Government Compensation Act.
BACKGROUND:
On Tuesday, June 14, 2024 staff provided options on a compensation study in compliance with the Local Government Officer Compensation Act. The Finance Committee directed staff to obtain a proposal from the city's current compensation study vendor and report at the next meeting.
DISCUSSION:
The vendor, Korn Ferry (KF) using the Hay Method, provided an estimate of $23,940.00 for this project. It would include:
• Evaluation of the Aldermanic and Mayoral compensation
• Create a custom peer group of up to 15 Midwest cities comparable in size to Aurora
• Gather publicly available data for the role of Mayor and Alderman for each city in the peer group
• Analysis and presentation of the publicly available data gathered
• Market pricing of each job by KF Hay points against the KF database for public sector
• Formal write up and delivery of analysis
• Delivery in 2-3 weeks
IMPACT STATEMENT:
Utilizing an external vendor for the compensation study would have a positive impact the compensation study for elected officials.
RECOMMENDATIONS:
Staff requests direction as to how to proceed.
cc: Finance Committee