Description
The Legislative Research Commission (LRC) is seeking a vendor to conduct a comprehensive salary and compensation study for the Judicial Branch of Government in Kentucky. The study must review current classifications, compensation levels, and market competitiveness for all positions within the Judicial Branch of Government. The selected vendor will develop a stated compensation philosophy, review existing compensation for internal equity, conduct a market analysis, provide guidance for compensation administration, and recommend newly established pay ranges for benchmarked positions. The vendor will also provide an overall cost analysis of recommended compensation changes, including budget recommendations to be considered by the Interim Joint Committee on Appropriations and Revenue.
Some key objectives of the study include:
• Developing a stated compensation philosophy that guides the Judicial Branch of Government’s desired market position.
• Reviewing existing compensation for employees and elected officials within the Judicial Branch of Government for internal equity.
• Conducting a market analysis to assess the Judicial Branch of Government’s competitive position within the market.
• Providing guidance for compensation administration, including recommending newly established pay ranges for benchmarked positions.
• Providing an overall cost analysis of recommended compensation changes, including budget recommendations.