The Work Index by Flexa

Egg Banking

Yorkshire Building Society, a member-owned financial institution, provides a wide range of financial products and services, including savings accounts, mortgages, and insurance.

https://www.ybs.co.uk/
4.7

/10

Transparency ranking

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Description

Yorkshire Building Society (YBS) is a UK-based building society, a type of financial institution owned by its members. It is the third-largest building society in the UK, offering a range of financial products and services to individuals, including savings accounts, mortgages, and insurance. YBS is known for its commitment to its members, prioritizing their interests over those of shareholders, which allows it to offer competitive rates and benefits.

The company is also dedicated to responsible business practices, investing in its people, building a greener society, and operating responsibly. This commitment is evident in their various initiatives, such as supporting local communities, partnering with charities like FareShare and Citizens Advice, and promoting financial literacy. Yorkshire Building Society aims to be a trusted and ethical provider of financial services, contributing to the wellbeing of its members and the wider community.

Benefits

The company offers a range of employee benefits, including a culture of support and wellbeing, opportunities for professional development, and a commitment to diversity and inclusion. They champion a culture of supporting all colleagues, prioritising their wellbeing and promoting diversity. They offer a variety of employee benefits, including a pension plan, health insurance, and paid time off. They also provide access to a variety of employee resources, such as employee assistance programs and financial planning services. The company also provides access to Citizens Advice in 45 of their branches.

Mission

Yorkshire Building Society is a mutual organization, owned by its members, with the mission of "Helping Real Life Happen". This means prioritizing the needs of its members over shareholders, offering competitive savings and mortgage rates, and supporting financial wellbeing through financial literacy initiatives and partnerships with charities like FareShare and Citizens Advice. The company also strives to create a positive impact by investing in its employees, building a greener society, and operating responsibly.

Not-for-profit
Social impact led

Culture

Yorkshire Building Society promotes a culture focused on supporting its members, both financially and socially. It emphasizes community involvement, ethical business practices, and employee well-being. As a mutual organization, the company prioritizes member satisfaction and provides opportunities for members to have a say in its operations. The company also strives to be a responsible business, investing in its people, building a greener society, and operating ethically. This commitment to a strong sense of community and social responsibility is central to its cultural identity.

People-first
Supportive

DE&I

Yorkshire Building Society is committed to creating a diverse and inclusive workplace where everyone feels valued and respected. They champion a culture of supporting all colleagues, prioritising their well-being and promoting diversity. This includes being a signatory to the Women in Finance Charter and actively building a more balanced workforce. They also invest in initiatives to promote financial literacy and employability skills within their local communities, ensuring equal access to financial support and opportunities for all.

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