Lloyds Banking Group Benefits
Employer Summary
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.
Employee Benefit Reviews
Most Commented
- Flexible Working (16 comments)
“Core hours, but good amount of flex even during those (assuming you get the job done).”
- Life Insurance (8 comments)
“Very generous death in service benefit if you specify dependents in your pension.”
- Lloyds Banking Group20 Jun 2018StarStarStarStarStar
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.
- Lloyds Banking Group17 Jun 2018StarStarStarStarStar
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.
- Lloyds Banking Group12 Jun 2018StarStarStarStarStar
Health insurance childcare vouchers shareplans
- Lloyds Banking Group31 May 2018StarStarStarStarStar
great, awesome, supreme, travel, gurning
- Lloyds Banking Group30 May 2018StarStarStarStarStar
good pension, healthy insurance, good culture and nice people hard to progress, people get favouritisms
- Lloyds Banking Group28 May 2018StarStarStarStarStar
Comprehensive and good value for money
- Lloyds Banking Group19 May 2018StarStarStarStarStar
Great pension (employer contributes 13%)
- Lloyds Banking Group01 May 2018StarStarStarStarStar
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.
- Lloyds Banking Group05 Jun 2018StarStarStarStarStar
Changes in Priorities, big difference between Management and Branch Staff
- Lloyds Banking Group20 Apr 2018StarStarStarStarStar
Performance bonus is advertised as generous specific bands, but tends to be much less as it’s down to manager discretion.
Benefits Summary
List based on reports from current and former employees. It may not be complete.
Insurance, Health & Wellness
- Tick markCritical Illness Cover (98)
- Income Protection
- Tick markLife Insurance (108)
- Tick markHealth Cash Plan (88)
- Tick markHealth Insurance (51)
- Tick markDeath in Service (50)
- Vision Insurance
- Tick markDental Insurance (43)
Financial & Retirement
- Tick markPension Plan (52)
- SIPP
- Corporate ISA
- Tick markSave as You Earn (44)
- Tick markShare Incentive Plan (51)
- Tick markPerformance Bonus (53)
- Tick markStock Options (48)
Family & Parenting
- Tick markChildcare Vouchers (110)
- Tick markWork From Home (66)
- Tick markFlexible Working (106)
- Tick markMaternity & Paternity Leave (51)
- Dependent Care
- Military Leave
- Tick markFamily Medical Leave (39)
- Tick markUnpaid Extended Leave (39)
Vacation & Time Off
- Tick markSick Pay (118)
- Tick markAnnual Leave (54)
- Tick markSabbatical (39)
- Tick markVolunteer Time Off (48)
- Tick markBereavement Leave (48)
Perks & Benefits
- Tick markBike to Work Scheme (110)
- Tick markEmployee Discount (49)
- Commuter Checks & Assistance
- Season Ticket Loan
- Gym Membership
- Tick markCar Allowance (45)
- Free Lunch or Snacks
- Tick markCompany Car (41)
Professional Support
- Tick markDiversity Program (49)
- Tick markApprenticeship Programme (47)
- Tick markJob Training (46)
- Tick markProfessional Development (46)
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