The benefits offered by Barratt Developments:
Pensions and protection
- A trust-based defined contribution (DC) pension for all employees. Employees contribute 5% for a 10% employer contribution.
- Employer-funded group income protection for management-level employees.
- Life insurance for all employees, provided on an employer-funded basis.
- Employer-funded personal accident insurance for all employees.
Pay and share schemes
- An annual bonus is provided to all employees, dependent on individual and business performance.
- A sharesave scheme is available to all employees.
- A long-term incentive plan (L-tip) is offered to senior managers.
Healthcare and wellbeing
- Private medical insurance (PMI) is employer-funded for those at management-level only; all other employees can buy this at a discounted rate through the flexible benefits scheme.
- Health screening is employer-funded for all employees.
- A health cash plan is available at a discounted rate through the flexible benefits scheme.
- Employee assistance programme (EAP).
Work-life balance
- Flexible working arrangements are available to all employees.
- Enhanced maternity and paternity pay and leave: basic pay for the first 18 weeks of maternity leave, followed by 21 weeks at the statutory rate, and two weeks of paid paternity leave at basic pay rate.
- Carers' leave of three days paid leave per year.
- Paid assisted fertility leave of up to two days per cycle of treatment.
- Employees are entitled to 25 days of holiday, with the ability to buy or sell up to five days through the flexible benefits scheme.
- Staff receive an extra day's leave for every three years worked, capped at three days.
Other
- A company car scheme or cash alternative is available for management-level employees.
- Bikes-for-work scheme, allowing employees to purchase bikes through salary sacrifice.
- Childcare voucher scheme, closed to new entrants.
- A voluntary benefits platform hosting retail and leisure discounts
- Flexible benefits, including a health cash plan and discount gym memberships.
- Access to interest-free loans, such as hardship loans and season ticket loans.
Tynan Barton is a business journalist and has been writing in the employee benefits and HR field for over 15 years. She joined Employee Benefits in 2010 as reporter, and has been features editor since 2011.View full profile
