Compensation and Classification Study Service

The Franklin City Public Schools division in Franklin, Virginia, is seeking a qualified vendor to conduct a Comprehensive Compensation and Salary Equity Study. The agency needs to evaluate its current compensation structures to ensure salaries are competitive, equitable, and aligned with comparable school divisions and regional labor markets. This study aims to provide the division with objective data to support recruitment, retention, fiscal planning, and equitable pay practices while identifying inconsistencies or compression issues across employee groups. The scope of work covers a review of current compensation structures, a market comparison analysis, and an internal equity assessment. The selected vendor will perform job classification and position reviews, address potential salary compression issues, and develop modern salary scales aligned with market data. Additionally, the project requires salary schedule modeling, data-driven recommendations for revised salary schedules and pay bands, and the development of long-term budget planning and implementation strategies. Eligible bidders must be onshore organizations based in the United States. The agency specifies that the performance of the work will take place offsite. The agency has not disclosed a specific budget and is looking for cost proposals within the submitted bids.