Lloyds Banking Group Compensation FAQ

Read what Lloyds Banking Group employees think about their compensation at the company.

Lloyds Banking Group has a compensation and benefits rating of 3.7. If you want to know how much Lloyds Banking Group employees make, head to their Salaries page to see a list of salaries per occupation, along with bonuses.

All answers shown come directly from Lloyds Banking Group Reviews and are not edited or altered.

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11 English questions out of 11

19 May 2021

How often do employees say they are paid at Lloyds Banking Group?

Pros

- good weekly pay - quick start date

Cons

-bad management -bad hours -poor culture

good weekly pay

19 May 2021

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3 July 2019

What are sales commissions like at Lloyds Banking Group?

Pros

There’s a big emphasis on personal development and a lot of that is transferable. Being such a huge company there are so many potential career moves, so you’d never be stuck in one place.

Cons

Secrecy around numbers. My job in particular, I’m expected to do a certain level of business, but I’m not told what that level of business is. The reward is probably not as you’d expect either. 5% of base salary each March. If you like commission, look elsewhere

Advice to Management

Reward staff more financially. It’s not fair that the CEO makes hundreds of times more than me a year. Also be explicit about expectations. You have managers working to numbers which allegedly we aren’t supposed to do - but that directive must come from somewhere.

If you like commission, look elsewhere

3 July 2019

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17 April 2021

Does Lloyds Banking Group offer bonus pay?

Pros

Good wages, good bonuses and a lot of room to be promoted

Cons

Hours aren’t always the best

Advice to Management

Listen to your team

Good wages, good bonuses and a lot of room to be promoted

17 April 2021

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15 September 2019

What are pay rises like at Lloyds Banking Group?

Pros

Excellent perks, up to 13% pension contributions, 30 weeks full maternity pay, flex cash 4% of salary

Cons

Telephone banking department getting worse for work life balance

Advice to Management

More desirable shift patterns

Excellent perks, up to 13% pension contributions, 30 weeks full maternity pay, flex cash 4% of salary

15 September 2019

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2 August 2021

What is the salary like at Lloyds Banking Group?

Pros

Great pay and benefits, great attitude and atmosphere and very friendly staff and culture. Good place to work.

Cons

Long hours at times and the usual hassle you would expect when dealing with Joe public.

Advice to Management

None

Great pay and benefits, great attitude and atmosphere and very friendly staff and culture.

2 August 2021

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11 English questions out of 11

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