Market Study and Salary Assessment Services

A government authority located in Florida is seeking market study and salary assessment services to evaluate its current compensation for faculty employees and support future compensation planning. The agency needs to solve issues related to compensation alignment, internal equity, and market competitiveness. To address these challenges, the project requires a compression and inversion study to identify misalignments between seniority, rank, and pay. The selected vendor will conduct a market compensation review comparing institutional salaries to peer institutions and develop a revised institutional peer group reflecting the university's mission, size, and academic profile. The scope of work also includes reviewing existing salaries against the market, evaluating internal equity across comparable roles, and identifying compensation gaps with recommended prioritizations. Additionally, the agency requires the development of strategic options for compensation alignment, adjustments, or policy considerations, alongside a comprehensive project timeline with specific milestones for Advisory Group reviews. Eligible bidders must be onshore organizations based in the United States. The agency requires the work to be performed offsite at the vendor's office location. The agency has not disclosed a specific budget and is looking for proposals to determine the cost of these services. The procurement schedule includes a non-mandatory pre-submittal meeting on June 11, 2026. Bidders must submit all questions regarding the opportunity no later than June 17, 2026. The agency will evaluate proposals based on the submitted responses, though specific weighted evaluation criteria are not detailed in the initial request.