• To find a vendor that will help better manage the carrying cost of compensation: o has a service/application that will automate manual processes o has a service/application that can provide efficiencies for the following tasks: Job market pricing Salary survey management Salary survey participation Position description creation, maintenance, and storage Job classification description creation, maintenance, and storage Salary structure creation and maintenance (internal & external equity) Cost modeling / What-if scenarios Merit/performance management Minimum wage analysis o has a service/application that can reduce risk around: FLSA compliance o has a service/application that can improve/add capabilities around: Reporting/pay equity analysis Data analytics (standard and customized reports/visualizations/dashboards) Offer/promotion pay management • Save time in the evaluation of market data against peer group comparisons through massproduced market study outputs using a standard template. • Save time in the management and maintenance of market data (salary survey management).Save time in the creation of data analytics and reporting.
