We have set out a new employment offer designed to reward strong, consistent performance, aid career development and close pay gaps.
This follows an extensive, wide-ranging and comprehensive consultation with all colleagues and our Staff Consultative Committee. The changes, including updates to the proposals consulted upon, will mean that we continue to provide one of the best reward packages of any regulator or enforcement agency in the UK.
In September 2021, we proposed changes to our employment offer and began consulting with colleagues. This is part of the transformation work already underway to help ensure we can perform to a consistently high standard – to make sure we are an adaptive, innovative and assertive regulator, as set out in our 2021/22 Business Plan.
To meet our objectives into the future, we need to attract and retain skills we know are in high demand. Our colleagues have a choice of employer. We therefore need an employment offer that measures up to what is available elsewhere, balanced by the need to demonstrate value for money and commitment to our public purpose.
The grading and pay changes will be introduced from 1 April 2022 and benefits changes from 1 June 2022.