Total Compensation Actuarial Services

The State of Colorado is seeking a qualified consulting firm to provide comprehensive total compensation actuarial services. The contractor will conduct market compensation analyses, salary and pay‑range studies, step‑pay evaluations, benefits assessments, and produce detailed reports and recommendations for both classified and non‑classified employees. The scope includes data collection, benchmark matching (minimum 80% core‑responsibility match), methodology documentation, quality‑control processes, and ongoing support for any required adjustments. The vendor must supply key personnel, backup staff, and, if used, subcontractors, all of whom must adhere to strict data‑security and confidentiality protocols. The contract will also require a business continuity plan and the ability to maintain project timelines despite personnel changes. • Conduct total compensation and market analyses for state workforce • Provide salary, pay‑range, step‑pay, and benefits assessments • Deliver detailed reports linking findings to source data and methodology • Ensure 80% benchmark match and document any methodological changes • Maintain rigorous quality‑control and data‑security safeguards • Supply qualified key personnel and qualified backup/subcontractors • Submit a business continuity plan and manage continuity of work