Source: https://tendernation.io/opportunities/01a13cc6-0478-70af-94f5-6a1e08546f93/pay-review

awarded GB restricted procedure Suitable for SMEs

# Pay Review

[National Savings & Investments](https://tendernation.io/buyers/national-savings-investments)

Estimated value

£20,500

Published

19 Sept 2023

Deadline

Closed

30 Jul 2023

## Who can bid

- Buyer says suitable for SMEs

    The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid.
- Small contract value

    Valued under £135,018 including VAT, the lowest Procurement Act threshold for goods and services.

[More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses)

## About this tender

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.

## CPV classification

Human resources management consultancy services

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/ad45b32e-b8c6-4d59-8279-e8e142a0c621)

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