Source: https://tendernation.io/opportunities/01a13c73-1313-7078-8370-38e68d8deddb/gb-london-fscs408-salary-benchmarking closed GB open procedure Suitable for SMEs # GB-London: FSCS408 Salary Benchmarking [Financial Services Compensation Scheme](https://tendernation.io/buyers/financial-services-compensation-scheme) Estimated value £25,000 to £50,000 Published 6 Dec 2021 Deadline Closed 7 Jan 2022 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Buyer says suitable for VCSEs The buyer ticked “suitable for voluntary, community and social enterprises” on the notice. - Small contract value Valued under £135,018 including VAT, the lowest Procurement Act threshold for goods and services. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender 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. Additional 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. Read full description ## CPV classification Business and management consultancy and related services Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/709c7848-ea77-4751-a1b8-ce646eb3d018) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. 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