Massachusetts COMMBUYS #BD-23-1213-MA001-MA001-133928

Salary Survey and Benchmark Compensation Study for MassHousing

Massachusetts Housing Finance Agency (MassHousing) is seeking a qualified consulting firm to conduct a Salary Survey/Benchmark Compensation Study. - Government Buyer: - Massachusetts Housing Finance Agency (MassHousing), an independent state agency focused on affordable housing - Scope of Work: - Comprehensive evaluation of MassHousing's salary structure and compensation practices - Market analysis and benchmarking against relevant external labor markets - Coverage of all job classifications and 26 Decision Band Method (DBM) levels - Identification of appropriate benchmark organizations - Recommendations for updated salary ranges and a compensation plan - Presentation of findings to the Executive Team - Compliance with applicable state and federal laws - Requirements: - Demonstrated expertise in compensation benchmarking and market analysis - Alignment with MassHousing's mission, values, and commitment to diversity and equal opportunity - Access to MassHousing's internal data and liaison support - Project completion required within 90 days of contract execution - No specific OEMs or vendors are named; opportunity is open to qualified compensation consulting firms

Description

MassHousing is soliciting proposals for a Salary Survey/Benchmark Compensation Study to evaluate its salary structure and compensation practices against relevant external labor markets. The study aims to ensure salary ranges remain competitive and aligned with comparable public and private sector organizations. The selected consultant will conduct a comprehensive market analysis, provide recommendations for updated salary ranges, and present findings to the Executive Team. The project must be completed within ninety days of contract execution.

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