Rewards and Employee Benefits

Financial Benefits

We believe in recognising the commitment of our people, and encouraging everyone to take ownership of our success. That’s reflected in our share plans, which give all eligible employees the chance to gain substantial rewards over time.

Pension:

We understand that a good pension is crucial for your peace of mind and future well-being. You will therefore have the opportunity to participate in an excellent pension scheme that provides a competitive employer contribution and life assurance cover.

Bonus schemes:

Our generous bonus schemes reward the success of individuals and teams in our Relationship Banking, Lending and Credit & Risk teams. There is no limit to the amount that you could earn as a bonus for those working in sales areas.

Sharesave:

Save monthly into this plan and at the end of the three or five-year contract, a tax-free bonus is added to the savings. The total can be used to buy Alliance & Leicester shares at an attractive discounted option price.

SIP partnership shares:

This plan allows you to buy Alliance & Leicester shares from your pre-tax salary. Shares held for five years can be released free of income tax and National Insurance.
We allow people to choose from a range of other benefits – giving flexibility to everyone

Flexible holidays:

You are able to "buy" or "sell" days off – giving you the chance to gain extra cash or extended breaks.

Childcare vouchers:

You can take part of your salary in tax-efficient childcare vouchers.

Healthcare options:

For a small monthly payment, you and your family can receive cash sums for a wide range of medical treatments (or just for dental and optical treatment) and enjoy a 30% discount on premiums.

Vision Express corporate discount scheme:

You and your family can benefit from discounts on the cost of eye examinations, spectacles and contact lenses.

Staff promotions:

Our intranet has information on a wide range of special offers on products and services, including hotel stays, health clubs, events, holidays and car hire.

 

Incentive Schemes

We’re an ambitious and sales-driven company, so we love it when people achieve their very best. Our incentives are carefully designed to recognise and encourage individuals and teams right across the company – and celebrate examples of superb performance.

A+LLSTARS:

Each quarter nominations are sought from Commercial Bank employees for those who are exemplary in terms of personal excellence, providing excellent customer service, leadership, teamwork and excellence in innovation. Quarterly winners receive £1,000 and an all expenses trip to a fabulous location with their partners.

Dedication to Customer Service Awards:

Recognising long and distinguished service (anything from 10 to 40 years), these awards allow people to select from a huge range of fun gifts, from jewellery to theatre tickets and weekend breaks.

Going the Extra Mile:

This award scheme is our way of instantly recognising and celebrating exceptional examples of customer service. Any of our people can nominate an individual or a team, and prizes can be anything from flowers or chocolate to books and clothes.