---
title: "FSCS526 Salary Benchmarking and Related Services"
ocid: "ocds-h6vhtk-04c1f5"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04c1f5"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04c1f5.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04c1f5.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "FINANCIAL SERVICES COMPENSATION SCHEME"
published: "2024-12-04"
---

# FSCS526 Salary Benchmarking and Related Services

Buyer: FINANCIAL SERVICES COMPENSATION SCHEME  
Current stage: Tender  
OCID: ocds-h6vhtk-04c1f5

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04c1f5)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-04c1f5.json)

## Summary

The Financial Services Compensation Scheme (FSCS), based in London, UK, has issued a tender titled "FSCS526 Salary Benchmarking and Related Services" under the industry category of "Business and management consultancy and related services" (CPV code 79400000). This procurement, initiated on 3rd December 2024, is in the Tender stage with submissions due by 15th January 2025. The process will involve an initial one-off consultancy project followed by ongoing salary benchmarking and advice, aiming to align and improve FSCS's remuneration policies and practices.

This tender represents a significant business growth opportunity, particularly for small and medium enterprises (SMEs) specialising in business consultancy, job evaluation, and salary benchmarking. Firms participating in this open procedure will gain direct access to high-level stakeholders within FSCS and can build long-term relationships through ongoing service requirements. The estimated contract value is GBP 240,000, with the potential for two 12-month extensions, totalling a possible contract period of 48 months. The open procurement method and the detailed scope for both initial and ongoing projects should attract businesses adept at delivering comprehensive, evidence-based consultancy services.

## Notice

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.

### Lot Information

Lot 1

FSCS requires a partner who can provide the following: A one-off consultancy project to include the following outcomes: *Review of organisation, accountabilities, spans of control, roles etc.; *develop a job evaluation and pay framework i.e., levelling, functions and pay progression model; *define appropriate markets for the roles; *evaluate all roles using the agreed methodology; *benchmark all roles against the appropriate market/s; *review internal relativities and adjust as appropriate; *review the FSCS Remuneration Policy and associated processes for implementation in view of the above, ensure that the agreed approaches to job evaluation and benchmarking, and the revised Policy are aligned; *provide a full written report detailing all the above; including, but not limited to, the methodology used to evaluate the roles and the peer benchmarks used for each role; *ensure that all key stakeholders understand the methodology and peer groups used for all roles, including the Executive and relevant Board Committees, senior leaders, and other stakeholders e.g., members of the People team; *Equal Pay Audit, to identify any equal pay risks and advise on options to address any issues. We anticipate that this work will be scoped at the beginning of the contract term. As part of this work the service provider will be required to engage all appropriate stakeholders within FSCS. At the time of the project, the service provider will be required to put forward a fully costed and detailed plan of how the project will be undertaken, outlining the rationale for the approach, critical activities and milestones, and indicative timelines. Any implementation will require sign off by the relevant person within FSCS before implementation. The service provider will be required to present the findings of the project with recommendations to the FSCS Executive and the Remuneration and People Committee. The service provider shall ensure that the ongoing service requirements are not impacted while the project is taking place. Ongoing work: *Job evaluation and market salary benchmarking for new and changed roles on an ad hoc basis providing a market range with quartiles and medians, and a written report including the methodology and benchmark peer groups; *market salary benchmarking for all roles biennially providing market range with quartiles and medians; *define 'appropriate markets' for all roles; *deliver presentations to the Executive and relevant Board Committees, senior leaders, or other stakeholders e.g., members of the People team, at key points in the process in a benchmarking year as agreed at the outset or as reasonably required; *guidance and advice on any organisational changes and impact on roles; *ensure that any new key stakeholders understand the methodology and peer groups used for all roles, including new members of the Executive and relevant Board Committees, senior leaders, or other stakeholders e.g., members of the People team; *perform an annual market review of salaries and the external environment affecting pay, and provide insights in the form of a report to the Executive and relevant Board Committee to inform the annual salary review recommendations, including insights on what the appropriate markets are doing/thinking, and how external factors are influencing organisation's approach to pay awards; *provide advice and guidance to the People Team on all aspects of pay and reward; *provide Gender Pay Gap and Ethnicity Pay Gap reporting and recommendations for action; *undertake all enquiries, surveys, and investigations as required, and deliver the outcomes within agreed timescales; *submit reports to the FSCS no later than the dates specified by the FSCS unless otherwise agreed in writing.

Renewal: 2 x 12 month contract extension (maximum term - 48 months).

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/039000-2024 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 4 Dec 2024 |
| Submission deadline | 15 Jan 2025 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | Not specified |
| Recurrence | 4 years |

## Values

| Field | Value |
| --- | --- |
| Tender value | £240,000 |
| Lots value | £480,000 |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Active |
| Lots status | Active |
| Awards status | Not specified |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | FINANCIAL SERVICES COMPENSATION SCHEME |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC3A 7QU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Portsoken |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI London |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79400000 - Business and management consultancy and related services

## Release History

- 4 Dec 2024 at 10:05 - TenderUpdate - Tender Notice - https://www.find-tender.service.gov.uk/Notice/039000-2024
- 3 Dec 2024 at 16:05 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/038957-2024

## Notice URLs

- http://www.delta-esourcing.com
- http://www.fscs.org.uk
- https://www.delta-esourcing.com/respond/EK3U6665ZF
- https://www.delta-esourcing.com/tenders/UK-UK-London:-Business-and-management-consultancy-and-related-services./EK3U6665ZF

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04c1f5. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04c1f5.json.