Expired contract

Pay Review

Details

Value
GBP 22,500
Duration
3 months
Topic
Human resources management consultancy services
Published
19 September 2023

Tender description

National Savings & Investments (NS&I) is the UK's savings bank. It is a Non-Ministerial Department of the Treasury and has about 200 staff, the majority of them in unique roles. Pay is covered by the Treasury remit but is a local system with some distinctive features, including a 6.8% bonus pot. However, there has been growing pressure to review the arrangements. Staff turnover has risen to over 15% and the overall offer - including flexibilities such as a 9 day fortnight - no longer stand out from the competition. In addition, NS&I has embarked on a programme of transformation which will change relationships with suppliers and lead to more insourcing of IT and digital skills in particular. External advice is needed on who to benchmark against, how competitive the offer is, whether the current rewards are still fit for purpose and what needs to change.

Timeline

  1. Completed: Award date31 July 2023
  2. Completed: Award published19 September 2023
    Current notice
  3. Completed: Contract expiry date30 October 2023

About the buyer

National Savings and Investments is a public sector buyer in United Kingdom publishing tenders and awards on Stotles. Explore their procurement activity and find more opportunities like this one.

Relevant CPV codes

  • 79414000 · Human resources management consultancy services

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