Compensation and Classification Study with Market Salary Survey Services

The Vendor is required to provide professional services to support a comprehensive position classification review, compensation plan development, and market salary survey for the Library.
- The Consultant shall evaluate existing classifications, develop a standardized classification framework, perform a market salary survey, and establish an equitable and competitive compensation plan, supported by implementation recommendations.
- Position Classification Review and Development
o    Review all existing job classifications, including job descriptions, titles, and assigned duties.
o    Evaluate classifications for accuracy, consistency, and alignment with actual job responsibilities.
o    Identify and document inconsistencies, overlaps, gaps, and outdated classifications.
o    Revise and/or develop job descriptions to ensure clarity, consistency, and standardization across the organization.
o    Establish a structured classification framework, including job groupings and levels, with clearly defined criteria for classification placement.
o    Provide documentation supporting the recommended classification structure and methodology used.
- Compensation Plan Development
o    Analyze the current compensation structure, including pay grades, salary ranges, and pay practices.
o    Evaluate internal equity and identify any compression or inequities across positions.
o    Develop a compensation plan that includes defined salary ranges, pay grades, and compensation structure.
o    Provide clear recommendations for salary administration, including hiring rates, promotional increases, and salary adjustments.
o    Ensure the compensation plan is equitable, competitive, and aligned with market data.
o    Provide documentation outlining the methodology used to develop the compensation structure.
- Market Salary Survey and Benchmarking
o    Identify and document appropriate comparator organizations and labor markets used for benchmarking.
o    Conduct a market salary survey for relevant benchmark positions.
o    Analyze external compensation data in comparison to current salaries.
o    Provide detailed findings regarding market competitiveness, including positions that are below, at, or above market.
o    Recommend adjustments based on market analysis and provide supporting data.
- Implementation Recommendations
o    Provide a clear and actionable implementation plan for the updated classification and compensation structures.
o    Identify considerations related to transitioning to the new framework, including potential impacts.
o    Provide guidance to support adoption, administration, and long-term sustainability of the system.
o    Include recommended timelines and sequencing for implementation activities.