Description
Workforce Solutions is seeking quotes from qualified firms or individuals to perform a comprehensive Compensation Analysis for the organization. The selected vendor will review WFS's current organizational structure, job descriptions, employee census, existing salary ranges, pay practices, total rewards philosophy, and any prior compensation studies. The vendor will also conduct interviews with the CEO, Human Resources, and selected leadership to understand strategic priorities, talent challenges, and the regional labor market context. The scope of work includes job classification and leveling, external market benchmarking, internal equity and pay equity analysis, salary structure and pay bands design, cost modeling and implementation options, and compensation philosophy and administration guidance. The project is expected to start on July 20, 2026, and end on July 19, 2027. The total budget for the project is $10,000.
Some key points to consider are:
• The vendor may perform the work remotely, with periodic on-site or virtual meetings at the corporate office of Workforce Solutions.
• The vendor will provide a written final report documenting the methodology, peer group, data sources, findings, and recommendations.
• The vendor will also provide a position-by-position benchmarking workbook, the recommended salary structure and grade assignments, the cost model and implementation scenarios, and the written compensation philosophy and administration guidelines.
• The vendor will present at least two implementation approaches with associated cost, risk, and equity trade-offs.