Study size: Approximately 16,000–18,000 employees and 200–250 benchmark job classifications annually, including 50–75 difficult-to-match jobs.
Annual analysis: Benchmark salaries, pay ranges, classification structures, and step pay; provide findings, recommendations, and supporting data for annual reporting.
Market data: Use at least three survey sources, data no older than 24 months, and at least three distinct responses per job classification match.
Year 3 study: Evaluate total compensation and benefits, including medical plans, retirement, leave, insurance, and disability coverage, with actuarial valuation and recommendations.
Deliverables: Work plan, documented methodology, benchmark analyses, report inputs, and an executive summary with actuarial certification.
Term and pricing: Initial term February 1, 2027–January 31, 2028, with potential renewals up to five years. Please itemize annual milestone pricing and hourly rates for additional analyses, including all related expenses.