The City of Plano recently engaged in a citywide compensation market study which included 300+ benchmark positions with a third-party consultant. The City’s consultant, through a partnership with GovInvest, Inc. (dba TrueComp), a software application, loaded the matching position datasets into the software, including job descriptions, salary range information, and other relevant data components to further automate the market study for future needs.
The purchase through the professional services agreement through Omnia cooperative contract will allow the City’s Human Resources department to automate both the market study through this software application, as well as provide cost projections for budgeting purposes using more up-to-date market study data.
The City is authorized to purchase from a cooperative purchasing program with another local government or a local cooperative organization pursuant to Chapter 271 Subchapter F of the Texas Local Government Code and by doing so satisfies any State Law requiring local governments to seek competitive bids for items. (Omnia No. R240303 and the City of Plano Contract No. 2025-0490-OA).
Failure to award to GovInvest, Inc. for this subscription will result in increased delays and costs from having to manually collect compensation and benefit data of comparator cities. By moving forward with this contract, this will assist both the Human Resources and Budget departments to have access to compensation and benefit information of peer cities in real time and provide more timely and thorough projections during the budget process.