Compensation Study Services

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The University System of Maryland (USM) has issued a Request for Proposal (RFP) to select a consulting firm that has proven success in supporting higher education institutions in reviewing and designing strategic compensation programs and conducting pay equity studies. The purpose of this procurement is to design and install a new compensation plan for nearly 18,000 USM exempt and non-exempt employees, establish a compensation philosophy with written guidelines and policies, provide recommendations for pay structures that allow employees to progress through pay ranges, and review current compensation policies and procedures. The selected consulting firm must demonstrate key competencies, technical resources, and relevant experience in addressing compensation challenges faced by higher education institutions, particularly R1 research universities. The RFP utilizes a Qualifications-Based Selection (QBS) approach, evaluating factors such as the proposer's approach, qualifications and experience, and overall ability to provide the requested services. Proposals are due on July 2, 2024, and the contract term is for two years with the option to renew for up to five additional one-year terms.

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The RFP does not specify any set-aside designations or restrictions on the types of organizations that can respond. It also does not mention any incumbent vendors or current contractors, nor does it indicate any existing infrastructure or technology that requires integration. The RFP does not provide any listed award values or budget ranges, as the University will utilize the QBS approach to select the contractor based on the firm's qualifications and ability to provide the requested services.