Flexibility and choice
We recognise colleagues for acting responsibly by demonstrating our values and behaviours.
At Lloyds Banking Group we are committed to making a significant investment in our colleagues. As well as the wide range of development opportunities that are available, we are committed to providing a compelling reward package which, in addition to salary and performance bonus, offers flexibility and choice. Reward is directly linked to performance, considering both ‘what’ is delivered and ‘how’ it is achieved.
We are proud of our benefits package, which allows you to choose the benefits that suit you and your individual needs. As a major employer, we are able to access goods and services at highly competitive rates and, in some cases, offer tax and national insurance savings that further enhance the value of what you receive.
Agile Working Practices - Allowing individuals to reduce commuting times to central London. Helps to cater for unexpected issues in house/family. Focus is on delivery not face-time. However is abused with some colleagues irresponsive to communications when not in the office.
Flexibility work package. Bonuses have been consistent Pay rises have been poor, below inflation for the past 2 years. Appraisals are subjective and feel meaningless, this is due to the one size fits all approach and lack of flexibility within the process.
Health insurance childcare vouchers shareplans
great, awesome, supreme, travel, gurning
good pension, healthy insurance, good culture and nice people hard to progress, people get favouritisms
Comprehensive and good value for money
Great pension (employer contributes 13%)
4% Cash on top of normal salary to spend on benefits such as: Extra Annual Leave Entitlement, Pension, Dental, Cycle to Work, Life Cover. Also offer preferential Mortgage rates to employees, however be careful of all benefits as some affect your Tax contributions as classed as a benefit in kind.
Changes in Priorities, big difference between Management and Branch Staff
Performance bonus is advertised as generous specific bands, but tends to be much less as it’s down to manager discretion.
List based on reports from current and former employees. It may not be complete.