The selected firm will be expected to: 1. Conduct a comprehensive review of the organization’s current compensation structure and policies. 2. Perform a market analysis to benchmark positions against comparable organizations within relevant industries and geographic regions. 3. Assess internal equity and pay practices to identify disparities. 4. Provide recommendations for adjustments to salary ranges, pay scales and job classifications. 5. Deliver a final report summarizing findings and proposed strategies to improve the compensation framework. 6. Offer implementation guidance, including policy updates and communication strategies. 7. Provide ongoing support to ensure compensation policies and strategies remain relevant and updated over time.
