FSCS526 Salary Benchmarking and Related Services

2024-12-03

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Published date: 3 December 2024

Open opportunity - This means that the contract is currently active, and the buying department is looking for potential suppliers to fulfil the contract.

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Contract summary

Industry

Business and management consultancy and related services - 79400000

Location of contract

London

Value of contract

£240,000

Procurement reference

BIP907093319

Published date

3 December 2024

Closing date

15 January 2025

Closing time

2pm

Contract start date

1 April 2025

Contract end date

31 March 2029

Contract type

Service contract

Procedure type

Open procedure

What is an open procedure?

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

Provision of salary benchmarking services on an ongoing basis with an initial one-off consultancy project to review FSCS's current approach and propose how the service can continue to support the ongoing evolution and health of the organisation going forward.

The outcomes sought are:

•Recommendations on the 'health' of the organisation and the roles within it;
•a fair and transparent job framework which meets the requirements of the organisation;
•a Pay Progression Model;
•salary benchmarks for all roles against the appropriate markets;
•a Remuneration Policy and processes that underpins and aligns with the organisation's aims and, objectives;
•access to robust, quality salary and benefits market benchmarks;
•access to guidance and advice on all matters relating to job evaluation, salary, and benefits;
•reduced risk of people leaving because of pay and benefits.