REQUEST FOR PROPOSALS TO CONDUCT SALARY REVIEW OF PTA BANK SALARY STRUCTURE AND BONUS SCHEMES

BACKGROUND
The Eastern and Southern African Trade and Development Bank, commonly known as the PTA Bank, is a development financial institution established as part of the common Market for Eastern and Southern Africa (COMESA) economic arrangements. The Bank’s objective is to provide short and medium term finance to support viable project and trade finance activities in member states.

The Bank operates in a competitive market in which skills and expertise in critical areas are in high demand within the financial services and the development finance sectors with offices located in Bujumbura, Harare, Nairobi and Port Louis.

The Bank seeks to strengthen organizational development by promoting a performance based culture of excellence. To realize this, the organization intends to review its human resource management systems, with the aim of strengthening employee retention and motivation, through the review of its remuneration structure and creation of a responsive salary and benefits package, which can attract and retain a motivated workforce to meet the organization’s corporate objectives. In light of the above challenges, the Bank seeks to engage Consultants to review and propose a salary adjustment covering all categories of staff.

In conducting this review, the Consultant/firm is expected to take into account the following factors (among others) which the PTA Bank may from time to time stipulate during the consultancy assignment.
a)    The regional character and growth of PTA Bank as a premier Bank in Eastern and Southern African region thus requiring its staff to be adequately remunerated in compensation for their regional and complex responsibilities ;
b)    PTA Bank’s strategic objectives of attracting and retaining a motivated workforce capable of fulfilling the challenges facing the Bank;
c)    Comparative analysis of PTA Bank’s salary structure with that of similar institutions / organizations, and
d)    The Bank’s capacity to accommodate the revised remuneration levels.

TERMS OF REFERENCE
In essence, the exercise will entail the following:
1.    Studying the existing remuneration structure of the Bank  vis-à-vis comparator institutions of equal standing with the Bank;
a)    Making comparative analysis of the salaries and benefits of regional/ international  and private sector institutions  with the PTA Bank;
b)    Considering any necessary revision to the salary and remuneration structure and propose any necessary adjustments for the various categories of management and professional staff;
2.    Reviewing the existing performance incentive (bonus) scheme  and consider Long Term Incentive and Retention (LTIR) component to the current incentive scheme;
3.    Submitting a draft report and final report making recommendations to the Management;
4.    Presenting the report to the Board of Directors at an agreed date and venue.

DURATION
The Consultant/firm should complete the exercise within six weeks and submit the draft report within six weeks of signing the contract and the final report within two weeks of the submission of the draft report.

SUBMISSION
Interested and qualified Consultants/firms should express their interest by submitting their proposals directly tokifle.hamza@ptabank.org or to the following address by 25th March 2015:

Senior Director, Human Resources and Administration
The Eastern and Southern African Trade and Development (PTA Bank)
197 Lenana Place, Lenana Road
P. O. Box 48596 00-100
Nairobi
Kenya