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Job Evaluation, Classification, and Compensation Services

Status Awarded

Contract number 6052418

Contract value :

CAD 500,000.00

Solicitation number 20242349

Publication date

Contract award date

Description
This contract was awarded to:
Korn Ferry (CA) Ltd.

Korn Ferry Hay Group Ltd. has exclusive ownership for training organizations and individuals on the Hay Method of job evaluation. No other individual or consulting firm may offer this service. Korn Ferry Hay Group Ltd. also has exclusive rights for developing benchmark positions using the Hay Method of job evaluation. While others may evaluate EX jobs within the Canadian Federal Public Service, they may not evaluate jobs for which benchmarks have not been developed by Hay. As OSFI has its own classification standard (RE and REX) and is not consistent with any of the classifications within the federal government, we must work with Korn Ferry Hay Group Ltd. to develop new benchmark positions.

OSFI has a stated compensation position of the 75th Percentile within the banking and insurance industry. Competitive market data must be obtained from the Hay Pay Net Database, drilling down to the financial industry and from other proprietary Hay compensation databases. Due to the uniqueness of OSFI positions, it is essential to be able to obtain this data based on assigned Hay Points.

Business address

Brookfield Place, Bay Wellington Tower 181 Bay Street, Suite 3810

Toronto, Ontario , M5J 2T3
Canada
Notice type
Advance Contract Award Notice
Procurement method
Non-Competitive
Language(s)
English
,
French
Selection criteria
Not applicable
Region(s) of delivery
National Capital Region (NCR)

View the full contract history for Korn Ferry (CA) Ltd..

Contract duration

The contract will be for a period of 13 month(s), from 2026/02/24 to 2027/03/31.

Commodity - UNSPSC

  • 80110000 - Human resources services

Trade agreements

  • Please refer to tender description or tender documents

Reason for limited tendering

A contracting officer can use limited tendering for specific reasons outlined in the applicable trade agreements. The reason for this contract is described below:

  • None
Contact information

Contracting organization

Organization
Office of the Superintendent of Financial Institutions (OSFI)
Address

255 Albert Street

Ottawa, Ontario, K1A 0H2
Canada
Contracting authority
Craig Kenny
Phone
(343) 550-0408
Email
contracting-approvisionnement@osfi-bsif.gc.ca
Fax
N/A
Address

255 Albert Street

Ottawa, Ontario, K1A 0H2
Canada
Date modified: