The contract is for a Consultant to assist Northeast Ohio Medical University in developing a Compensation Philosophy, Workforce Analytics, Project Communication Plan, and Final Report with Implementation Timetable and costs. The University requires that all proposals, questions, and supporting documents be submitted electronically through the "Public Purchase" bidding tool. The contract was awarded to Milliman, which received the committee's highest ranking. The key services to be provided under this contract include:
• Development of a Compensation Philosophy
• Workforce Analytics
• Project Communication Plan
• Final Report with Implementation Timetable and costs
This contract is significant for the University as it aims to develop a comprehensive compensation philosophy that aligns with its organizational structure and goals. The contract also highlights the importance of workforce analytics in informing compensation decisions.