Lloyds TSB has extended its contract with Ceridian to provide its outsourced payroll services for another five years.
The new deal extends the existing seven-year relationship for a further five years, and follows a competitive review. As part of the agreement, Ceridian will be supplying Lloyds TSB with a fully-managed payroll for its 98,000 UK staff and pensioners, delivered by teams based in Bristol and Birmingham.
Bernard O’Driscoll, group HR services director at Lloyds TSB, said: “Ceridian’s dual emphasis on cost-management and superlative service matches our own ambitions for HR services supporting achievement of our business goals.”