The benefits offered by Severn Trent Water:
Pension, protection and pay
- A defined contribution (DC) pension scheme for all employees, offering 2:1 matching contributions and a maximum 15% employer contribution.
- Group income protection, available for all staff on an employer-funded basis. This operates on a phased reduction model: once an employee’s sick pay comes to an end, group income protection commences, reducing by half after six months.
- An organisation-wide bonus scheme, typically paid in July. This is awarded based on the same metrics for all staff, regardless of seniority, and is normally paid as a flat rate rather than as a percentage of salary. On average, front-line employees can expect a bonus of £1,000.
Healthcare and wellbeing
- Private medical insurance (PMI), offered as an employer-funded benefit for the top three seniority levels, with the ability to add family members. All other employees are able to access PMI on a voluntary, employee-paid basis.
- Dental care is available on a voluntary basis.
- Statutory, employer-funded visual display unit (VDU) related eyecare is provided, and other eyecare benefits are available as part of the voluntary package.
- Critical illness insurance is available as a voluntary benefit.
- Employee assistance programme (EAP).
- Around 50 to 100 mental health first aiders currently operate within the business.
- Health screenings are available through the flexible benefits scheme.
- Gym membership is available as a voluntary benefit.
- Virtual GP service.
- Bikes-for-work scheme.
- An enhanced maternity pay policy, consisting of 14 weeks at full salary and 25 weeks at the statutory maternity pay rate. To qualify, employees must have had 12 months of continuous service at the point when they are 15 weeks away from having their child, and must return to work after maternity leave for a minimum of 14 weeks.
- An enhanced paternity pay policy, comprising two weeks at full pay. Eligible employees must have 12 months of service by the time they are 15 weeks away from the expected week of childbirth or adoption.
- Flexible working opportunities.
- Personal accident insurance is available as a voluntary benefit.
- Managers and those who require transport for their job role can access an employer-funded company car or cash allowance.
- Between 25 and 31 days of annual leave a year, plus bank holidays. The number of days increases with length of service and is also dependent on job role.
- Canteen and catering facilities are available at some operating sites, predominantly the larger bases.
- Sports and social clubs, typically at the larger operating sites.
- Retail discounts and cashback.
- Technology salary sacrifice scheme.
- Holiday buy and sell for up to five days.
- Will writing, available as a voluntary benefit.
- Two fully-paid volunteering days a year.