Lloyds Banking Group Benefits
Employer Summary
At Lloyds Banking Group, our reward package is designed to help us build the best team, ensuring our colleagues feel valued for their commitment and contribution. It is aligned with our vision of becoming the best bank for customers.
We are committed to making a significant investment in our colleagues. As well as the wide range of development opportunities that are available, we provide a reward package which offers flexibility and choice. Reward is linked to performance, both what is delivered and how it is achieved.
We are proud of our benefits package, which enables 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 your reward package.
Employee Benefit Reviews
Most Commented
- Flexible Working (26 comments)
“Flexible working appears to be in place especially for contractors as it should be”
- Lloyds Banking Group08 Dec 2019StarStarStarStarStar
Only 23 days holiday annually. Good socials including subsidised meals, activities such as laser tag and bowling and charity events
- Lloyds Banking Group05 Dec 2019StarStarStarStarStar
Pay can be a bit lower compared to other firms but all round package is really good and the approach to agility and flexibility around your lifestyle/family requirements is hard to beat.
- Lloyds Banking Group21 Nov 2019StarStarStarStarStar
Need to read the small print
- Lloyds Banking Group02 Nov 2019StarStarStarStarStar
Great pension 12% from employer if you contribute 5% = 18% Discounted banking products Competitive salary
- Lloyds Banking Group31 Oct 2019StarStarStarStarStar
Great benefits. Flexible company.
- Lloyds Banking Group29 Oct 2019StarStarStarStarStar
Generous pension scheme with low fees, good holiday allowance, health insurance, share schemes although you need to stay 3 years to really benefit from them, decent pay.
- Lloyds Banking Group11 Nov 2019StarStarStarStarStar
its was completely utterly ok
- Lloyds Banking Group06 Nov 2019StarStarStarStarStar
Profit sharing and share save no longer exists and annual bonuses were cancelled for service staff but managers had a budget for occasional gifts
- Lloyds Banking Group03 Nov 2019StarStarStarStarStar
Good working relationship with colleagues
- Lloyds Banking Group28 Oct 2019StarStarStarStarStar
It was average. Admittedly I was probably on one of the lowest rungs of the business and I daresay if I had stayed and worked my way up the payscales it would have changed
Benefits Summary
List based on reports from current and former employees. It may not be complete.
Insurance, Health & Wellness
- Tick markCritical Illness Cover (144)
- Income Protection
- Tick markLife Insurance (149)
- Tick markHealth Cash Plan (123)
- Tick markHealth Insurance (71)
- Tick markDeath in Service (70)
- Vision Insurance
- Tick markDental Insurance (60)
Financial & Retirement
- Tick markPension Plan (74)
- SIPP
- Corporate ISA
- Tick markSave as You Earn (63)
- Tick markShare Incentive Plan (73)
- Tick markPerformance Bonus (76)
- Tick markStock Options (66)
Family & Parenting
- Tick markChildcare Vouchers (153)
- Tick markWork From Home (118)
- Tick markFlexible Working (147)
- Tick markMaternity & Paternity Leave (76)
- Dependent Care
- Military Leave
- Tick markFamily Medical Leave (57)
- Tick markUnpaid Extended Leave (57)
Vacation & Time Off
- Tick markSick Pay (165)
- Tick markAnnual Leave (79)
- Tick markSabbatical (57)
- Tick markVolunteer Time Off (68)
- Tick markBereavement Leave (66)
Perks & Benefits
- Tick markBike to Work Scheme (150)
- Tick markEmployee Discount (69)
- Commuter Checks & Assistance
- Season Ticket Loan
- Tick markGym Membership (32)
- Tick markCar Allowance (61)
- Free Lunch or Snacks
- Tick markCompany Car (55)
Professional Support
- Tick markDiversity Program (67)
- Tick markApprenticeship Programme (68)
- Tick markJob Training (66)
- Tick markProfessional Development (66)
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