---
title: "Pay Review"
ocid: "ocds-b5fd17-ad45b32e-b8c6-4d59-8279-e8e142a0c621"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-ad45b32e-b8c6-4d59-8279-e8e142a0c621"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-ad45b32e-b8c6-4d59-8279-e8e142a0c621.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-ad45b32e-b8c6-4d59-8279-e8e142a0c621.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NATIONAL SAVINGS & INVESTMENTS"
published: "2023-09-19"
---

# Pay Review

Buyer: NATIONAL SAVINGS & INVESTMENTS  
Current stage: Award  
OCID: ocds-b5fd17-ad45b32e-b8c6-4d59-8279-e8e142a0c621

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## Summary

The National Savings & Investments (NS&I), a UK savings bank and a Non-Ministerial Department of the Treasury, has completed an award process for a "Pay Review" consultancy services contract worth £22,500. The procurement method used was selective, with a call-off from a framework agreement. The contract period is from 31st July 2023 to 30th October 2023. The tender period ended on 30th July 2023 with a delivery location in London under the human resources management consultancy services category.

This tender opportunity can benefit businesses in the human resources management consultancy services industry, especially those based in London. SMEs are considered suitable for this procurement. The award was made to KORN FERRY (UK) LIMITED, a large-scale supplier. The transformation programme at NS&I will involve more insourcing of IT and digital skills, providing opportunities for participating businesses to showcase their expertise in these areas and contribute to NS&I's change initiatives.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/e4017ffd-a3f9-4f13-8df4-b3da8258e50d |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 19 Sep 2023 |
| Submission deadline | 30 Jul 2023 |
| Future notice date | Not specified |
| Award date | 29 Jul 2023 |
| Contract period | 30 Jul 2023 - 30 Oct 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £20,500 |
| Lots value | Not specified |
| Awards value | £22,500 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NATIONAL SAVINGS & INVESTMENTS |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1P 3BT |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | KORN FERRY (UK |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79414000 - Human resources management consultancy services

## Release History

- 19 Sep 2023 at 14:42 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/e4017ffd-a3f9-4f13-8df4-b3da8258e50d

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/e4017ffd-a3f9-4f13-8df4-b3da8258e50d
  19th September 2023 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-ad45b32e-b8c6-4d59-8279-e8e142a0c621. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-ad45b32e-b8c6-4d59-8279-e8e142a0c621.json.