The Work Index by Flexa

The West Brom

The West Brom is a leading, independent building society that offers a range of savings, mortgages, and insurance products, with a commitment to serving its members and the communities it operates in.

https://www.westbrom.co.uk/
5.1

/10

Transparency ranking

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Description

The West Brom is a leading provider of financial services, operating as the eighth largest building society in the UK. This mutual organisation is owned by and run for the benefit of its members, focusing on offering a range of savings and mortgage products. The West Brom is committed to supporting the financial wellbeing of its customers, offering competitive deals and accessible services. This dedication to financial security and community engagement extends beyond its products, as the company actively supports local communities through charitable donations, grant schemes, and employee volunteer programs.

Since its founding in 1849, The West Brom has built a strong reputation for ethical and responsible practices. As a mutual organization, profits are reinvested back into the business and community, rather than distributed to shareholders. The company is also committed to transparency and good governance, actively engaging with its members and promoting sustainable practices across its operations.

Benefits

The West Brom offers its employees a comprehensive benefits package that includes competitive pay, a salary sacrifice scheme for new car purchases, public transportation incentives, a Cycle2Work scheme, priority carpark spaces for carpoolers, and two annual volunteer days. The company is also a Living Wage employer and a Living Hours employer, which means it provides its employees with the security and stability of hours they need to meet their everyday needs.

Mission

The West Brom is a leading provider of financial services, committed to supporting its members' financial well-being by offering competitive savings and mortgage products. As the eighth largest building society in the UK, The West Brom is proudly independent and owned by its members. They are dedicated to providing a safe and secure place to call home for their customers and prioritize accessible and transparent services for all.

Not-for-profit
Social impact led
Sustainability

Culture

The West Brom promotes a culture that prioritizes ethical and responsible business practices, placing a strong emphasis on its members and the communities it serves. It values transparency, collaboration, and a commitment to social responsibility, as evidenced by its participation in initiatives like the Good Business Charter and its focus on diversity and inclusion. The company fosters a sense of community and belonging for its employees, promoting a culture of trust and mutual respect.

Collaborative
People-first
Supportive
Transparent

DE&I

The West Brom is committed to fostering a diverse, equitable and inclusive workplace. This commitment is evidenced through their participation in initiatives such as the Women in Finance Charter and the Race at Work Charter, where they have set and met targets for female representation at board and senior management levels. They also voluntarily publish their ethnicity pay gap data, demonstrating transparency in their efforts to promote equality. The West Brom recognizes the importance of diverse perspectives and experiences in building a strong and successful organization, and actively works to ensure all employees feel valued, respected, and have the opportunity to thrive.

Gender diverse

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