Compensation Study Services

The vendor is required to provide compensation system by applying recognized best practices in compensation management and design, while ensuring compliance with all applicable federal and state laws.
•    Project planning and administration tailored to the town’s organizational structure and needs. 
•    Compensation study liaisons communication sessions to ensure transparency and understanding of the process. 
•    Meetings shall occur monthly, or more frequently as needed 
•    Presentation and completion of job or position description questionnaires for all town roles. 
•    Comprehensive salary survey process to establish external equity, based on benchmarked job summaries and current compensation data sourced from both custom surveys and published regional data, with findings delivered in excel format. 
•    Development of a new pay structure, or revision of the existing structure, informed by best practices, survey results, and market analysis. pay structure shall be modeled in similarity to the federal government pay scale with detail to the small-scale staffing needs of the town. 
•    Creation and implementation of a comprehensive system to track and monitor comparative compensation for town positions relative to the regional labor market. regional labor market shall be defined as the greater state and applicable western and southern jurisdictions to the town. 
•    The regional labor market shall be explicitly defined and approved with the input of the compensation study liaisons. 
•    The evaluation of the compensation system shall include an analysis of the standard benefits package and the additional fringe benefits.
•    Preparation of a final report that includes fiscal impact analysis under various scenarios. various scenarios shall include options for implementing full funding in year 1, or a phased funding approach as required by the town’s financial position upon the completion of the compensation study.

- Contract Period/Term: 1 year
- Questions/Inquires Deadline: September 11, 2025