Our Core Benefits
We have structured salary bands and ranges to ensure that we are competitive against
the external market. Our annual pay review and performance related pay also means
that you will have the opportunity to influence increases to your annual basic salary
through your own performance during the year.
Bonus and incentive schemes
We also offer discretionary incentives and bonuses dependant on your role with us.
Company Pension Scheme
To help you save for your retirement in a tax efficient way, our defined contribution
pension scheme is available to all staff members from their first day of employment.
The minimum contribution you need to make to join the scheme is 3% of your annual
salary. To help your pension fund grow, contributions are matched by the Society
up to a maximum of 8%, subject to the rules of the scheme.
Free Life Assurance cover
From day one you are automatically protected with life cover which provides four
times your annual salary to your nominated beneficiary.
On joining the Society you will receive a minimum of 23 days holiday (pro rata for
part timers), rising to 28, plus Public Holidays.
Depending on your role you may be eligible to receive a company car or car allowance.
Supporting your Health and Wellbeing
Critical Illness Protection cover
In the event of you becoming seriously ill this cover provides the reassurance of
a lump sum payment of 1 x your annual basic salary. You will automatically be covered
unless you decide to opt out. The cover is a taxable benefit. Full details of the
terms and conditions and tax implications will be provided when you join us.
We provide you with private healthcare cover once you have spent a year with us.
The cover is a taxable benefit and is provided on a pro-rata basis for part-timers.
Company Sick Pay
Once you have worked for the Society for 3 months, you will be eligible for our
discretionary Company Sick Pay scheme and this entitlement will increase with length
Occupational Health Advice and Support
Our occupational health advice service helps us identify any support we can provide
to you to facilitate your return to work after a prolonged period of illness.
We offer all staff members the opportunity to apply for flexible working patterns.
Free Employee Support Programme
A confidential 24 hour support service is available free of charge to all employees
and their family members. This includes advice, support and counselling on a wide
variety of matters including financial, legal, medical and consumer issues.
Free eye test for VDU use
We reimburse the cost of eye tests for VDU users and we also offer reimbursement
of up to £55 on glasses for VDU use.
Free annual flu jab
We reimburse the cost of flu jabs (up to a maximum of £15) to help you keep the flu bug at bay.
We offer a number of discounts to staff on Principality products. Full details will
be available to you when you join us.
Buying Extra Holiday
We provide you with the option to use some of your annual salary to buy up to an
additional 5 days holiday each year (pro rata for part-timers and fixed term staff).
The cost is spread out over the year in equal monthly reductions from your gross
Travel season ticket loans
Save money on your daily bus or train journey with our annual season ticket loan.
Offering parents an opportunity to save money on their childcare provision through
tax and national insurance contribution efficiencies.
Staff Sports & Social Club
A great way to get to know your colleagues and have fun. For a small monthly fee
which is matched by the Principality, you will receive regular discounts in local
bars and restaurants and up to 50% on theatre, cinema, concert tickets and other
social and sports events.
Wales Millennium Centre Gold Staff Card
Principality’s sponsorship of the Wales Millennium Centre means that staff can take
advantage of a range of discounts and special offers including tickets, food and
Family Friendly Policies
We have a full range of Family Friendly Policies including maternity leave and adoption
leave, paternity leave, parental leave and emergency time off.
Employee discounts website
Further online discounts are available on a huge variety of products and services.
We recognise that you may need or may wish to break your career with us in order
to devote time to other responsibilities or interests. Wherever practicably possible
we aim to support the provision of career breaks (from 12 weeks to 6 months) once
you have two years continuous service with us.
Time Off for Voluntary Charitable Activities
We recognise the valuable contribution our staff members can make to the communities
in which we operate. We are committed to providing you with reasonable time off
to participate in voluntary activities with the charities we support as long as
you are prepared to invest your own time, by way of annual leave.
Other rewards and benefits
Professional Membership fees
These are reimbursed where they are essential to your role.
Free Corporate Clothing
This is provided for relevant customer-facing roles.
Recommend a Friend Scheme
We reward our existing employees for helping us to recruit the best, with a thank
you payment when a recommended friend is appointed and a further payment when they
successfully complete six months service with us.
Annual Recognition Awards Dinner
In January of each year all staff members are invited to a dinner and dance where
we formally recognise and reward those individuals and teams who have made an extra
special contribution to our business.
To reward employee loyalty to the Society, those members of staff reaching 15, 25 and 35 years service will receive a monetary award.