Basic Information

Reference Number

0000050148

Issuing Organization

Groupe Média TFO

Solicitation Type

RFP - Request for Proposal (Formal)

Solicitation Number

TFO-20171301-06

Title

RFP - Executive Compensation and Succession Planning

Source ID

PP.CO.ON.573283.C61048

Details

Location

Canada, Ontario

Description

TFO is seeking proposals from qualified respondents specializing in one or both following areas: Executive Compensation (Scope of Work A) and Succession Planning (Scope of Work B).
We would also accept a bid where companies would work in partnership.

Scope of Work A - Executive Compensation: The government remains committed to responsible and transparent administration of executive compensation across the broader public sector. We also understand the importance of ensuring that broader public sector organizations are able to attract and retain the necessary talent to deliver high quality public services while managing public dollars responsibly. To achieve this balance, the Executive Compensation Framework regulation came into force on September 6, 2016.

The Executive Compensation Framework is a new regulation issued under the Broader Public Sector Executive Compensation Act, 2014 (BPSECA). It applies to all designated employers under BPSECA, including your organization. The framework regulation brings consistency and clarity to executive compensation decisions by establishing requirements that designated employers must meet when setting their compensation programs.

Designated employers are now required to establish compensation programs that adhere to the following standards:

Salary and performance-related pay for designated executives is capped at the 50th percentile of appropriate comparators.
Certain elements like signing bonuses and pay in lieu of perquisites are prohibited.
Employers must engage in public consultation when determining the compensation they may provide to their designated executives.

A new executive compensation program becomes effective when an employer posts the final program to its public-facing website.
Designated employers must post compliant executive compensation programs to their websites on or before September 5, 2017.

The successful proponent is to conduct a review of our existing compensation structure to determine the general salary ranges and trends in Canada for comparable positions in both public and private sector organizations, and determine market competitiveness in our ability to attract and retain the talent at TFO.
It will provide specific recommendations for a new Compensation Framework

Scope of Work B - Succession Planning: TFO is seeking to implement a succession planning process that is ongoing and can be reviewed and updated as necessary.

Due to limited depth bench strength within each department, it is important to develop existing talent to fill any future gaps in executive leadership in order to maintain the smooth operation of the organization.

The successful bidder should review the current talents and skills, identify any gaps and make recommendations

Dates

Publication

2017/02/17 03:41:56 PM EST

Bid Intent

Not Available

Questions are submitted online

Closing Date

2017/03/06 03:00:00 PM EST

Contact Information

Khady Sy

416-968-8301

mheskin@tfo.org

Bid Submission Process

Bid Submission Type

Physical Bid Submission

Additional Bidding Instructions

Please follow the instructions outlined in the tender.

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