Assessment of New Pay Model

Tender description

Big Lottery Fund are in the process of developing a new pay model for the Fund, to enable us to correct a number of pay disparities and challenges that have developed over time within the existing pay framework. We would like to engage the services of an external consultant to help us with this, and we anticipate that the model will be finalised by mid-July, ready for consultation with our recognised Trade Unions. Before implementation, we would appreciate an assessment by an external reward specialist, to provide reassurance that we have addressed all necessary elements. We will provide the following: • Our Strategic Framework, People Strategy and staffing profile • Paper to our Senior Management Team outlining the issues we are seeking to address as well as options to resolve • The final pay model and planned implementation process • Opportunity to discuss further with our HR Director In response, we expect that the external reward specialist will provide a short and concise report outlining the following areas: Strengths and weaknesses of our approach o Whether or not the approach that we have adopted will be in-keeping with our intended organisational culture o Whether it will meet our objectives and identified principles, and solve the challenges we face in the best way o Merits of the approach, particularly in the context of reward trends and public sector practice o Any particular equality issues that might arise o Whether our pay levels appear set at the right level (note that we are not asking for benchmarking exercise) o Whether the approach might be logical from the employee's perspective o Whether our approach is sufficiently innovative and modern Risks of our approach o Any risks that we have not already identified o Whether we have mitigated those risks effectively o Whether there are any opportunities that we have not fully exploited Unintended consequences o Whether or not our approach is sufficiently future-proofed and likely to provide a good framework for future pay o Whether there are any likely future consequences of our approach that we have not identified Any clarification questions or queries about this RFQ should be sent to the procurement e-mail address named procurement@biglotteryfund.org.uk , quoting the BIG Reference Number (BIG001-0811).