Financial Services Compensation Scheme is using Delta eSourcing to run this tender exercise
| Notice Summary |
|---|
| Title: | GB-London: FSCS408 Salary Benchmarking |
| Notice type: | Competitive Contract Notice |
| Authority: | Financial Services Compensation Scheme |
| Nature of contract: | Not applicable |
| Procedure: | Not applicable |
| Short Description: | FSCS is seeking to appoint a single Service Provider for the delivery of salary benchmarking and pay review services. Summary statement of the scope of services. Key deliverables: •Carry out external benchmarking to ensure that all roles within FSCS are paid fairly and competitively against the appropriate market. •Perform an annual market review of salaries and provide information to ensure the Remuneration and Human Resources Committee is up to date and able to make informed decisions. •Carry out pay modelling to identify any equal pay risks and outliers and advise on options to move to address any issues. •Perform a biennial full salary benchmark review based on role profile information and input from budget holders. •Provide advice and guidance to the Remuneration and Human Resources Committee, People Team and Senior Leaders on all aspects of pay and reward. Mandatory/Essential Requirements The supplier must have extensive knowledge and experience in the pay process that: •Is fit for purpose and flexible to align with the skills and capability requirements of FSCS evolving strategy for the 2020’s. •Drives and embeds a high-level capability and delivery culture at all levels. •Ensures FSCS’s reward offer is current and relevant to market rates. •Addresses difficulties in recruitment and retention to ‘in demand roles’ such as Communications, IT and Data. The supplier must also have: •knowledge and experience of market rate pay and pay challenges for a wide range of roles and organisations; •knowledge and experience of pay systems and processes across the financial, public, private and third sector; and •a minimum 3 years of experience in conducting sociological research, with evidence of complex studies carried out in reward and remuneration. |
| Published: | 06/12/2021 11:54 |
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1. Title: GB-London: FSCS408 Salary Benchmarking
2. Awarding Authority:
Financial Services Compensation Scheme
Beaufort House, 15 St. Botolph Street, London, EC3A 7QU, United Kingdom
Tel. 0207 375 8175, Email: Procurement@fscs.org.uk, URL: www.fscs.org.uk
Contact: Jean Mutudza, Attn: Jean Mutudza
3. Contract Type: Services
Sub Type: Management consultant services and related services.
4. Description: Business and management consultancy and related services. FSCS is seeking to appoint a single Service Provider for the delivery of salary benchmarking and pay review services.
Summary statement of the scope of services.
Key deliverables:
•Carry out external benchmarking to ensure that all roles within FSCS are paid fairly and competitively against the appropriate market.
•Perform an annual market review of salaries and provide information to ensure the Remuneration and Human Resources Committee is up to date and able to make informed decisions.
•Carry out pay modelling to identify any equal pay risks and outliers and advise on options to move to address any issues.
•Perform a biennial full salary benchmark review based on role profile information and input from budget holders.
•Provide advice and guidance to the Remuneration and Human Resources Committee, People Team and Senior Leaders on all aspects of pay and reward.
Mandatory/Essential Requirements
The supplier must have extensive knowledge and experience in the pay process that:
•Is fit for purpose and flexible to align with the skills and capability requirements of FSCS evolving strategy for the 2020’s.
•Drives and embeds a high-level capability and delivery culture at all levels.
•Ensures FSCS’s reward offer is current and relevant to market rates.
•Addresses difficulties in recruitment and retention to ‘in demand roles’ such as Communications, IT and Data.
The supplier must also have:
•knowledge and experience of market rate pay and pay challenges for a wide range of roles and organisations;
•knowledge and experience of pay systems and processes across the financial, public, private and third sector; and
•a minimum 3 years of experience in conducting sociological research, with evidence of complex studies carried out in reward and remuneration.
5. CPV Codes:
79400000 - Business and management consultancy and related services.
6. NUTS Codes :
UKI - LONDON
7. Main Site or Location of Works, Main Place of Delivery or Main Place of Performance: LONDON,
8. Reference Attributed by the Awarding Authority: FSCS408
9. Estimated Value of Requirement: Category J: 25K to 50K
Currency: GBP
10. Deadline for Expression of Interest: 07/01/2022 14:00:00
11. Address to which they must be sent:
Not Provided
12. Other Information:
Other Information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.
For more information about this opportunity, please visit the Delta eSourcing portal at:
https://www.delta-esourcing.com/tenders/UK-GB-London:-FSCS408-Salary-Benchmarking/JV23QT6T69
To respond to this opportunity, please click here:
https://www.delta-esourcing.com/respond/JV23QT6T69
TKR-2021126-PRO-19345607
Suitable for VCO: Yes
Procedure Type:OPEN
Period of Work Start date: 01/04/2022
Period of Work End date: 31/03/2025