Our comprehensive rewards package
We understand the things that are important and so have designed a comprehensive and flexible range of benefits.
Some of those excellent benefits are outlined below. The full package you are eligible for will be explained to you throughout the recruitment process. Our Sales package is tailored specifically to each area so there are variations from the list below which the recruiting line manager will outline for you.
Your Pay
- Your salary is competitive and based on your skills and experience
- Pay is managed against zones which are based on market salary data and will reflect your individual contribution to business performance
- Depending on your grade and the area of the business you work in, you may also be eligible to take part in one of a number of bonus schemes designed recognise individual performance
Flexible benefits
We offer a flexible benefits programme which is an important and valuable part of your rewards package.
This is valued at a percentage of your annual salary (in 2008 this was 4%) which is awarded to you to buy additional benefits or take in cash. It is paid in 12 monthly installments along with your basic salary.
Range of benefits
There are a wide range of benefits (some of which enjoy Tax/NI savings concessions) you can buy more, using your additional percentage allowance and up to 50% of your salary. They include:
- insurance
- increasing your holiday entitlement
- retail vouchers
- child care vouchers
Shareplan and Sharesave schemes
Find out more about the valuable tax advantages of Shareplan and sharesave.
Staff discounts
Find out more about our wide range Staff discounts here.
Pension
- Personal Investment Plan (defined contribution pension scheme)
- Company contribution plus 2% employee contribution starting from age 25
- Provides life cover (4x salary if 25+) and ill-health pension
Annual Holiday Entitlement
*Please note the entitlements below will differ for all Sales grades. You will be advised of the holiday entitlement specific to your role during the recruitment process.
- 35 days for grade 5 and above
- 27 days for grades 6-8
- Plus 3 additional bank holidays
Private Medical Insurance
This is provided from first day of employment for all grades from 5 and above.
Car Allowance
Provided for grades 4 and above entitling you to a company car or cash alternative starting from £4,000 per year.
Health
We recognise responsibility for the physical and mental well-being of our staff. Our Health & Safety Officer provides information, advice and training on Health & Safety issues. Additionally, services such as reflexology, shiatsu massage and chiropody are available to staff.
Training
The University for Lloyds TSB is one of the largest and longest established in Europe and aims to provide appropriate, accessible and challenging learning and development to all Lloyds TSB's staff based in Europe and abroad. It provides learning through face to face, online and cyber cafe channels, to suit you wherever you are and whatever you need.
You can have access to:
- Performance management training - to improve the way we manage performance and help us become a high-performing organisation
- Personal development opportunities - to make your job easier and improve your performance
- Leadership and management development - whether you want to improve your managerial capability or develop your skills in key business areas
- Career development - through our career paths process or for advice and guidance on areas such as professional qualifications
Other benefits
There are also a host of additional benefits available. Once you join, you will have access to our Intranet (internal website) which is designed to help you choose and fully understand your best options. Here are some of the benefits you may be eligible for.
- A wide variety of flexible working arrangements to help you achieve a healthy work-life balance
- Life event leave where you can take an extra 35 hours paid leave for a major life event of your choice such as getting married
- Parental leave for mothers and fathers
- Learning and development opportunities through the University for Lloyds TSB
- A range of health and well-being guidance and support options - including Healthcare Direct
- Special deals for staff on the Group's financial products
- Preferential deals on new and used cars through Cars4staff
- Sports and social membership (including special events and offers)
- Matched charitable giving scheme — From jumble sales to jail
breaks, parachute jumps to pram-races, you can double the money
you raise for registered charities through the Lloyds TSB Foundations’
Matched Giving Scheme. You can also claim for time given to charities,
out of working hours, too!
The scheme is open to all Lloyds TSB Group staff in the UK and here’s how it works.
The Matched Giving Scheme supports UK based staff employed by Lloyds TSB, C&G, Scottish Widows or any other Group subsidiary who are either raising money for, or giving their time to, UK recognised charities. It’s run by the Lloyds TSB Foundations and each year they set a budget for the scheme. In 2004, approximately £1.3 million will be available for staff to claim.
Within the sum allocated to the Matched Giving Scheme, the Lloyds TSB Foundation will match every pound you raise, or £5 for every hour you give, up to a maximum of £400 per person, per calendar year, providing the charity meets the Foundations’ grant-making guidelines.
Scottish Widows are an Equal opportunities employer.
There may be variations to the benefits outlined above dependant on your role, the band/grade or area of the business you work in. In all cases you will be advised of the benefits which apply to your particular role during the recruitment process.
Certain eligibility conditions may apply to the benefits shown above.
