Compensation Review Services

The Vendor is required to provide comprehensive compensation review covering two legal entities operating under one umbrella organization, each with operations in two distinct geographic regions.
- Requirement:
1. Data review
•    Collect and review:
o    Current company pay grids
o    Job descriptions
o    Total compensation policies
o    Organizational charts
o    HRIS data extracts
• Validate alignment between roles and job levels.
2. Employee market benchmarking
•    Select appropriate compensation surveys for two geographic regions of which one must be country with a state focus.
•    Benchmark:
o    Base salary
o    Variable and incentive pay
o    Total cash compensation
o    Total rewards
o    Commission based pay structures for sales and business development teams
3. Employee pay grid structure review
•    Assess internal equity and pay distribution.
•    Evaluate competitiveness against external markets.
•    Consider recruitment and retention of all roles
•    Targeted focus of retention of executives and senior management
•    Recommend:
o    Updated base salary ranges
o    Revised employee band structures
o    Job leveling improvements
o    Short term incentive program – all employees
o    Short term and long term incentive programs - executives
- Total compensation review
•    As part of the comprehensive compensation review, the proponent is expected to identify specific opportunities for claystone to enhance overall market competitiveness, strengthen internal equity, and improve cost effectiveness across all elements of total compensation. 
•    This review will encompass salary structures, incentive programs, benefits, retirement savings plans, and other reward mechanisms already, including total compensation elements such as benefits, pension contributions, RRSP programs, incentive structures, and other monetary and non monetary rewards.