Pay Review

Contract summary

Industry

• Human resources management consultancy services - 79414000

Location of contract

London

Value of contract

£20,500

Procurement reference

23-D-01

Published date

19 September 2023

Closing date

30 July 2023

Closing time

12pm

Contract start date

31 July 2023

Contract end date

30 October 2023

Contract type

Service contract

Procedure type

Call-off from a framework agreement

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

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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.

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Award information

Awarded date

30 July 2023

Contract start date

31 July 2023

Contract end date

30 October 2023

Total value of contract

£22,500

This contract was awarded to 1 supplier.

KORN FERRY (UK) LIMITED

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About the buyer

Contact name

Rachel Whellans

Address

20 Great Smith Street
Sanctuary Buildings
London
SW1P 3BT
United Kingdom

Telephone

07779 778 253

Email

rachel.whellans@nsandi.com