Executive Compensation Analysis - Washington, United States - Pan American Development Fdn

Description

Request for Proposals:


Title:
Executive Compensation Analysis


Date Solicitation is Issued:
May 14, 2024


Solicitation Number:

EC

Closing Date:
June 5, 2024

Closing Time: 11:59pm EDT (UTC -04:00)

Entitles That May Apply:
Both Firms and Individual Consultants


Contractual Mechanism:
Fixed Price


I. BACKGROUND
The Pan American Development Foundation (PADF) believes in creating a hemisphere of opportunity, for all.

We work across Latin America and the Caribbean to make our region stronger— more healthy, peaceful, just, inclusive, resilient, and sustainable for current and future generations.

For 60 years, we have served the most vulnerable communities, investing resources throughout the hemisphere. We partner with and enable civil society, governments, and the private sector for the greater good of the region.

With 60 years of experience across Latin America and the Caribbean and strong partnerships with local communities, civil society, and public and private sectors, we have an impeccable track record of success with extensive in-country networks and sound financial controls.

We are uniquely positioned to develop and implement adaptable programs across multiple technical areas, quickly deploy to any country in Latin America and the Caribbean and activate existing local networks, measure and evaluate our impact with comprehensive performance indicators, and communicate our progress through integrated communications strategies.

II. PROJECT OVERVIEW

This Request for Proposals (RFP) is issued by the Human Resources Department of the Pan American Development Foundation (PADF) to provide Executive Compensation Services for our organization.

PADF requires a comprehensive _Executive Compensation Report_ that will be shared with internal stakeholders.

PADF invites proposals from qualified consulting firms to provide expert analysis and recommendations for the compensation program of our Executive Director.

Our aim is to ensure that our compensation package is competitive, equitable, and aligned with the company's long-term strategic goals and regulatory requirements.

III. LOCATION(S) OF ASSIGNMENT
This assignment may be done remotely, and the selected bidder will collaborate with personnel located in the Washington D.C. office.


IV. TERMS OF REFERENCE, DELIVERABLES AND DELIVERABLES SCHEDULE (All applicable Taxes, Fees, and other costs should be included in the price proposal.)

Executive Compensation Report

The _Executive Compensation Report_ will provide a detailed analysis and assessment of our current Executive Director's compensation against industry standards and best practices.

The report will include evaluation of the base salary, bonus schemes, long-term incentives, benefits, and perquisites for our Executive Director.

It will also assess the alignment of these compensation elements with our corporate goals and governance requirements, highlighting areas where adjustments may be necessary.

Additionally, the report will address risk assessments related to the compensation packages and include recommendations for ensuring compliance with all relevant laws and regulations.

The _Executive Compensation Report_ should have elements that cover at least the following elements:

• Evaluation of alignment of incentive program to company performance.
• Evaluation of appropriateness of award levels, performance measures, and goals.
• Review and analysis of the Executive Director's employment agreement and severance provisions.
• Recommend changes to the compensation package, including base salary, bonuses, longterm incentives, benefits, and perquisites.
• Assessment of competitiveness of compensation and benefits program for the Executive Director versus industry peer group and broader general industry competitors.
• Provision of market data where our organization competes for market share and talent.
• Proactive guidance on market trends, regulatory/legislative changes, and corporate governance trends.

Bidders are encouraged to share any additional methodologies, approaches, and additional insight in the Technical Proposal.


Schedule of Milestones/Deliverables

__________________

Deliverable 1

Estimated Completion Date:
June 24, 2024


Milestone:

Review the proposed methodology for evaluating the compensation of our Executive Director, and receive their title, name, credentials, and compensation structure.

Deliverable:
Kickoff Meeting


Percent of Total: 5% of total


Total Payment PADF:
Proposed Amount


__________________

Deliverable 2

Estimated Completion Date:
August 1, 2024


Milestone:
Draft of the first version of the Executive Compensation Report, to be shared with Human Resources.


Deliverable:
Draft Report


Percent of Total: 30% of total


Total Payment PADF:
Proposed Amount


__________________

Deliverable 3

Estimated Completion Date:
August 20, 2024


Milestone:
Meet with the