Lloyds Banking Group FAQ

Have questions about working at Lloyds Banking Group? Read answers to frequently asked questions to help you make a choice before applying to a job or accepting a job offer.

Whether it's about compensation and benefits, culture and diversity, or you're curious to know more about the work environment, find out from employees what it's like to work at Lloyds Banking Group.

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

61 English questions out of 61

3 June 2021

Does Lloyds Banking Group offer relocation assistance?

Pros

Given stretching tasks that will help you develop. Very knowledgeable people. Supported financially through ACCA. Great pension and benefits package. Plenty of opportunity to liaise with senior people across the business in a practical way through business as usual tasks. The job is varied and it is possible to develop many new competencies while working here.

Cons

Often long hours with no overtime pay or time in lieu. People working over 45 hours a week is not uncommon and some are studying ACCA on top of that. I have seen managers work in excess of 72 hours a week for several weeks at a time during peak periods.

Advice to Management

I’d suggest thinking of ways for the business to take more responsibility for work life balance rather than suggesting that, for example, the staff go for a morning walk. Many genuinely don’t have time to live a healthy life due to expectations at work. Other than that, I’d say keep doing what you’re doing.

Great pension and benefits package.

3 June 2021

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16 May 2021

Does Lloyds Banking Group offer massages?

Pros

Good package and benefits, free coffee

Cons

Feels like a school ground with petty squabbles

Advice to Management

Listen to your staff and do something when they say they are over worked instead of trying and turning it around on them every time

Good package and benefits, free coffee

16 May 2021

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10 August 2021

Does Lloyds Banking Group offer dental insurance?

Pros

Decent work-life balance. There are some good benefits to working here - including: share options; a reasonable pension; health insurance and dental cover.

Cons

Limited opportunities for career progression. IT services are antiquated and notoriously slow and unreliable. Pay is low - I was particularly upset to be given no more than an entry level salary when I joined the company, despite having 2 good degrees to my name and some years in the workforce before changing careers.

Advice to Management

Please update IT hardware in branches and do something meaningful to resolve our slow, unreliable IT systems - they're an embarrassment. Furthermore, value the qualifications of your staff - it's not right to underpay someone with a university education.

including: share options; a reasonable pension; health insurance and dental cover.

10 August 2021

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29 July 2021

Does Lloyds Banking Group have a pension plan?

Pros

Culture, flexible and agile working, benefits including healthcare, opportunities to progress, performance management processes, human resources support, company pension scheme,

Cons

Old computer systems and platform make company processes quite manual and hard work. There are multiple computer systems and they dont connect to each other and enable employees to give customers a great service. It is under invested.

Advice to Management

Continue to invest in agile working but ensure management and leaders learn how to lead a flexible workforce

Culture, flexible and agile working, benefits including healthcare, opportunities to progress, performance management processes, human resources support, company pension scheme,

29 July 2021

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31 August 2021

Does Lloyds Banking Group offer parental leave?

Pros

Good benefits Good management Good overtime

Cons

Long hours Constantly on calls

Good benefits Good management Good overtime

31 August 2021

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61 English questions out of 61

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