The Work Index by Flexa

Lloyds Banking Group

Lloyds Banking Group is a leading UK-based financial services group focused on serving retail and commercial customers.

https://www.lloydsbankinggroup.com/
6.0

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Description

Lloyds Banking Group is a leading UK-based financial services group with a rich heritage spanning over 325 years. Their purpose is to "Help Britain Prosper" by creating a more sustainable and inclusive future for people and businesses, shaping finance as a force for good. The company is comprised of a diverse portfolio of brands, including household names such as Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows. Lloyds Banking Group offers a wide range of banking and financial services, focused primarily on retail and commercial customers, and operates through three core divisions: Retail, Commercial Banking, and Insurance, Pensions and Investments.

Lloyds Banking Group is committed to making a positive impact on the communities they serve. They are actively involved in supporting social housing, environmental sustainability, and diversity and inclusion initiatives. The company invests in fintech, and works with suppliers in a responsible and ethical manner, demonstrating their commitment to responsible business practices. Through their purpose-driven approach, Lloyds Banking Group aims to be a leading force in transforming financial services to create a more sustainable and inclusive future for Britain.

Flexibility

Lloyds Banking Group offers a hybrid work style for many of their roles, allowing employees to spend at least two days per week, or 40% of their time, working from home while also dedicating time to working in the office. Some positions, like Customer Support, also offer fully remote options, allowing employees to work from home without the need to go into the office. Additionally, part-time work options are available in some positions, allowing employees to have greater control over their schedules.

Hybrid

Benefits

Lloyds Banking Group offers a comprehensive benefits package designed to attract and retain employees. Benefits include a generous pension contribution of up to 15%, an annual performance-related bonus, share schemes including free shares, flexible benefits that can be adapted to individual needs, discounted shopping, 22-30 days of holiday, and a range of wellbeing initiatives and generous parental leave policies.

Enhanced parental leave

Mission

Lloyds Banking Group's mission is to "Help Britain Prosper" by shaping finance as a force for good. They aim to create a more sustainable and inclusive future for people and businesses by supporting the UK economy through lending, investment, and community engagement. Their commitment to ethical and responsible practices extends to their suppliers and employees, reflecting a dedication to growth and prosperity that benefits all stakeholders.

Automation
Data-driven
Disruptor
Environmental impact driven
Improving quality of life/health
Social impact led
Sustainability
Tech for good

Culture

Lloyds Banking Group promotes a culture focused on inclusivity, diversity, and a strong sense of purpose. The company emphasizes building an organization that reflects modern society and celebrates differences, aiming to create an environment where colleagues can thrive and feel a sense of belonging. They demonstrate this commitment through initiatives such as setting diversity goals in senior roles, creating a menopause health package, and a dedicated Working with Cancer initiative. The company also values collaboration, innovation, and a customer-centric approach, aiming to empower its employees to make a positive impact on customers, businesses, and communities.

Agile and dynamic
Collaborative
People-first
Progressive
Supportive
Transparent

DE&I

Lloyds Banking Group is committed to building an inclusive organization that reflects modern society and celebrates diversity in all its forms. They strive to create a workplace where colleagues feel they belong and can be their best, regardless of background, identity, or culture. They were one of the first major organizations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative. They specifically welcome applications from under-represented groups and are Disability Confident, guaranteeing interviews for a fair proportion of disabled applicants who meet minimum criteria. They also provide reasonable adjustments throughout the recruitment process to reduce or remove barriers for applicants with disabilities or long-term health conditions.

Disability representation
Ethnically diverse
Gender diverse
LGBTQ+ representatiion

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