The Work Index by Flexa

Virgin Money

Virgin Money is a UK-based bank committed to making its customers happier about money.

https://www.virginmoneyukplc.com/
6.0

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Description

Virgin Money is a full-service bank operating in the UK, with a heritage spanning over 180 years. Driven by their purpose of "Making you happier about money", they are a proud member of the Virgin Group. The company offers a wide range of products and services for retail and business banking customers through their innovative technology platform, telephone banking, and a network of stores and business banking centers.

Virgin Money is deeply committed to social and environmental responsibility, seeking to drive positive impact through their operations. They are actively working to combat the poverty premium, develop products that help customers make a positive impact, and provide grants through the Virgin Money Foundation to improve local communities. They also foster a culture of diversity and inclusion within their workforce, with various initiatives dedicated to supporting employees from diverse backgrounds.

Flexibility

Virgin Money is committed to providing employees with a flexible work environment. The company's "A Life More Virgin" initiative encourages flexible working practices to ensure a positive work-life balance. This includes flexible working hours, remote working options, and the ability for employees to design a work pattern that best suits their individual needs and team requirements. This approach allows employees to prioritize their personal and professional development, creating a more balanced and fulfilling work experience.

Hybrid

Benefits

Virgin Money offers a comprehensive benefits package that includes a competitive salary, pension scheme, private healthcare, life assurance, income protection, critical illness cover, employee assistance programme, and a generous holiday allowance. The company also offers a range of flexible working arrangements, including remote working and flexible hours, to help employees achieve a healthy work-life balance.

Mission

Virgin Money's mission is to "Make you happier about money". They aim to achieve this by providing innovative and competitive financial products and services to their 6.6 million customers across retail and business banking. They are also committed to driving positive social and environmental change through their business practices and support for communities, including tackling the poverty premium, supporting sustainable businesses, and providing grants through the Virgin Money Foundation.

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

Culture

Virgin Money promotes a culture of inclusivity, honesty, and a strong sense of purpose. They encourage colleagues to be their true selves, prioritize ethical behavior, and strive to make a positive impact on society and the environment. This culture is reflected in their commitment to diversity and inclusion, their work to tackle the poverty premium, and their support for sustainable business practices.

Agile and dynamic
Collaborative
Engaging
Entrepreneurial
Fun
People-first
Progressive
Supportive
Transparent

DE&I

Virgin Money's approach to diversity, equity and inclusion is rooted in its purpose of "Making you happier about money," striving to create a workplace where all colleagues can bring their true selves to work. They prioritize building an inclusive culture that reflects the customers they serve and promotes equity in opportunities and experiences for all employees. This commitment is evident through various initiatives, including their six colleague network groups, dedicated training programs, and partnerships with organizations like Stonewall and Future-Fit Foundation. Their overall goal is to achieve a fully diverse leadership population by 2030, creating a workplace that fosters a sense of belonging and empowers employees from all backgrounds to reach their full potential.

Gender diverse
LGBTQ+ representatiion

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