1. Colour Pallette To change the background colour, select it and eyedrop one of the colours below Title Slide / Divider Slide Voluntary Exit Scheme Update Amanda Braden

2. Colour Pallette To change the background colour, select it and eyedrop one of the colours below Content Slide with picture box Agenda VES Objectives Immediate and future plans Your leadership role Supporting resources available

3. Colour Pallette To change the background colour, select it and eyedrop one of the colours below Content Slide with picture box VES objectives Ongoing management and review of resources by ELT Critical that we continue to balance and shape resources across the organisation to ensure alignment with our new Corporate Plan Pressures on public sector paybill and headcount Efficiencies across the organisation have helped us manage our paybill costs that include an ongoing recruitment freeze Significant budget challenges anticipated in the next few years. Additional steps must be taken to reduce Invest NI’s operating costs

4. Colour Pallette To change the background colour, select it and eyedrop one of the colours below Content Slide with picture box Voluntary Exit Scheme Details on launch of Voluntary Exit Scheme have been finalised. One off exercise for the 2016 / 2017 financial year Numbers will be relatively low – c15 staff. VES terms will mirror those running across NICS - the package on offer and selection criteria. Occasional recruitment for specialist posts may be required to maintain the critical functions of the business and will be considered by ELT on each occasion.

5. Colour Pallette To change the background colour, select it and eyedrop one of the colours below Content Slide with picture box Voluntary Exit Scheme (VES) Eligibility Terms 1.Open to most permanent staff (excludes staff seconded in, staff on fixed term contracts and those locally engaged). 2.To maintain business continuity, a number of posts have been identified as exempt from the Scheme - post holders of these roles will not be permitted to leave under the Scheme. Affected staff have already been informed by their Heads of Team. 3.Quotas may need to be used, i.e. a maximum number that can be released to enable a managed distribution of exits across grades, disciplines and specialist groups and to facilitate business continuity.

6. Colour Pallette To change the background colour, select it and eyedrop one of the colours below Content Slide with picture box Voluntary Exit Scheme (VES) Compensation Package Compensation Package One month’s salary per year of service to a maximum of 21 months. Amended terms apply for staff approaching or exceeding the age at which they can access their pension from their pension scheme. Individuals who are exiting will also work a notice period of three months. (There are no further enhancements e.g. contributions to pension pot etc.).

7. Colour Pallette To change the background colour, select it and eyedrop one of the colours below Content Slide with picture box Voluntary Exit Scheme (VES) Selection Terms 1.Will operate on the principle of value for money and impact on paybill. 2.All applications will be ranked in order of VFM (VFM = impact on paybill less cost of compensation). 3.Applications will be considered by ELT on basis of VFM, criticality of post’s activities and maintaining business continuity. 4.Offers will be made to those selected in August 2016.

8. Colour Pallette To change the background colour, select it and eyedrop one of the colours below Content Slide with picture box Plan and Timescales TIMESCALEACTIVITY Thurs 5 th May 2016 Direct reports briefing Following the briefing- All staff circular outlining process including links to Civil Service Pensions Branch Compensation Calculator Thurs 2 nd June 2016 Civil Service Pensions Branch to issue compensation quotes to Part Time staff (other staff can use the calculator at anytime) Mon 6 th – 24 th June 2016 VES opens to applications

9. Colour Pallette To change the background colour, select it and eyedrop one of the colours below Content Slide with picture box Plan and Timescales TIMESCALEACTIVITY W/c 25 th July 2016ELT to review and consider applications W/c 1 st Aug 2016Outcomes communicated to applicants Offers made to selected staff W/c 15 th Aug 2016 2016 (2 week period) Selected staff to accept / withdraw from Scheme 30 th Nov 2016Last day of service for first set of selected staff 31 st Mar 2017Last day of service for second set of selected staff

10. Colour Pallette To change the background colour, select it and eyedrop one of the colours below Content Slide with picture box Resources Available Range of documents available : All staff circular will be issued immediately after today’s Briefing which will outline launch details; Scheme Information Booklet outlining full details of eligibility and the terms of the scheme; Frequently Asked Questions (FAQs); Online calculator and guidance note to calculate compensation benefits payable. Designated VES section on intranet available from today. HR Drop-in Clinics Tuesday 10 th, Thursday 12 th and Wednesday 18 th May 2016 to answer any specific questions staff may have which are not addressed in the comprehensive range of information available. Financial and pension advice cannot however be given.

11. Colour Pallette To change the background colour, select it and eyedrop one of the colours below Content Slide with picture box Your Leadership Role Support staff - be balanced in your message - don’t commit to selection decisions Maintain focus – Business as usual Maintain business continuity Ongoing Resources Management Work alongside ELT to reshape the organisation in line with Corporate Plan

12. Colour Pallette To change the background colour, select it and eyedrop one of the colours below Content Slide with picture box Questions?