The benefits offered by Aldermore Bank

The benefits on offer at Aldermore Bank:

Pension

• A group personal pension (GPP) plan with salary sacrifice arrangement for all employees. Employee/employer contribution levels are 3%/6%, 4%/8% and 5%/10%.

Group risk

• Life assurance, employer paid for all employees at four-times salary, with the option for employees to flex up at their own cost to eight-times salary, or add their spouse or partner.
• Group income protection, employer-funded for all employees up to 75% of salary for up to five years.
• Critical illness insurance, employee paid.

Healthcare and wellbeing

• Private medical insurance (PMI) scheme: employees can opt in to an employer-paid scheme. Junior employees qualify for single cover, and mid-level to senior employees qualify for family cover.
• A range of health assessments, employee paid.
• Trained mental health first aiders in all offices.
• Employee assistance programme.
• Mental health support through the PMI scheme or employee assistance programme.
• Dental insurance is offered as an employee-paid flex benefit.
• Employer-funded dental app.
• All employees qualify for eye care vouchers.

Company car or cash for car option

• Electric vehicle scheme for all employees provided through salary sacrifice.
• Any employee expected to drive for work, for example, business development managers, are issued a company car. Any non-drivers in senior roles receive a car allowance, with the amount varying by the seniority of role.

Work/life balance or family-friendly policies

• Up to six months maternity leave on full pay.

Holidays

• 30 days per year plus UK bank holidays.

Canteen/catering

• Free breakfasts across all sites

Sport or social club

• Discounted gym access across the country for all employees.
• Private onsite gym at London office with an employer-paid personal trainer.

Employee recognition scheme

• BackingYou scheme runs monthly and allows any employee to nominate another for living by the brand values. Winners receive vouchers of £20.
• Managers and the CEO have separate awards they can award to recognise the biggest contributions across the group.

Incentive pay/performance-related pay

• For employees in revenue-generating roles, annual sales incentives schemes are in place which reward individual performance against a balanced score of financial and non-financial performance metrics.
• For all other employees, bonuses are paid annually, based on both individual and business performance.

Other benefits include:

• Retail and leisure vouchers.
• Bikes-for-work scheme for all employees.
• Octopus Money Coach for all employees. Employer paid for employees earning under £50,000 in salary; available through salary sacrifice for everyone else.
• Techscheme and wearables scheme.
• Give-as-you-earn scheme.
• Childcare vouchers.
• Will writing, employee paid.
• Season ticket loans.
• Local travel discounts.