What will your salary be?
Your starting salary will be £26,000. After that it will increase by a further £1,000 throughout the scheme, following successful completion of each placement. A final £1,000 bonus will be awarded at the end of the programme. So, by the time you’ve completed the graduate scheme, your salary should be £30,000.
What benefits will you receive?
Actually, let’s put that another way. Which benefits would you like to receive? You see, while we can certainly give you a “standard” package of benefits, we’re aware that not everyone fits into a “standard” category. Your needs will be different from those of, say, the person who sits next to you – or even your own needs a year or two from now.For that reason, we’ve devised a package that’s entirely flexible. Rather too flexible to explore fully here, as it happens. However, to give you an overview, as “standard”, your benefits will include the following:
- 25 days annual leave – increasing by one day a year up to a maximum of 30 days
- Pension
- Life assurance
- Up to 5 days’ paid leave every year to participate in voluntary work
- Private medical insurance (after your first year of employment)
- Individual performance-related bonus (up to 13.5%), once you’ve completed the scheme
- Participation in Lloyd's Performance Plan (annual bonus linked to Lloyd's overall financial performance)
- A range of discounts on things like gym membership or clothing
- Subsidised staff restaurant and café
You can then adjust your benefits in any of the following ways:
- Buy or sell up to five days’ annual leave
- Buy dental care
- Buy private health care for yourself, your partner or family
- Buy annual travel insurance
- Change the rate at which your pension accrues
- Lease a bicycle as part of our Cycle To Work scheme
- Donate some of your salary to charity (pre-tax)
- Access a service called Time & Knowledge, which helps you out with things like booking holidays, searching for gifts or finding plumbers
