The West Brom

At the West Brom, we always say our staff are our best asset – and we mean it! The success of the business, and our future progress, is based upon the rich array of skilled and talented people we have within the Society

The West Brom

About the West Brom

The West Brom is the leading regional building society in the Black Country and Birmingham, and the 7th largest in the UK with some 446,000 members.

The Society is a major provider of financial products and services, notably savings and prime residential mortgages.

The Society has an extensive network of branches across the Black Country and Birmingham, as well as having an important presence in mid-Wales and Shropshire.

The Society was formed as a mutual organisation – owned and run for the benefit of its members – on St George’s Day in 1849 by 20 local citizens with the aim of helping people to better themselves through savings and the security of owning their own homes.

The Society remains proudly committed to this principle of mutuality. This also means contributing to the communities we serve, including supporting charities that do so much to help those in genuine need, such as the Society’s chosen charity.

Since the West Brom was founded more than 160 years ago, supporting the local community has been an abiding principle of the Society. We also encourage our staff to become involved in supporting chosen charitable causes.

Diversity and Inclusion:

We value people from all backgrounds and recognise the importance of diversity and inclusion. Having a workforce that is representative of the wide range of customers that we interact with on a daily basis means that we are better able to serve those customers and in turn our staff benefit as a result. The West Brom adopts progressive working practices in order to encourage a variety of lifestyles.

Our commitment is to foster a culture where our staff from whatever background feel that they can share our values, fulfil their potential and be appropriately rewarded. In order to meet this commitment we are developing a Diversity Strategy, to be launched in 2017 to focus on this area.

As part of this initiative we have signed up to the ‘Women in Finance Charter’ aimed specifically at increasing the levels of women in senior roles in the finance sector.

Our Executive sponsor for this initiative is Jonathan Westhoff, the Society’s Chief Executive.
We have set ourselves two targets for female representation, to be achieved by 2020 – that 30% of the Society’s Board will be female and that of those occupying positions in the senior management population 30% will be female.

These diversity and inclusion measures will form a part of the annual incentive plan for senior executives from 2017. We intend to set other diversity related measures in due course, in relation to other facets of diversity.The West Brom

Staff Benefits

At the West Brom, we always say our staff are our best asset – and we mean it! The success of the business, and our future progress, is based upon the rich array of skilled and talented people we have within the Society.

The contribution of everyone matters to us and we believe strongly in ensuring people feel genuinely valued for the work and commitment they make to the Society. This is therefore shown in the spread of benefits that staff can enjoy with the West Brom.

Holiday Benefits

Holiday entitlements

  • 2.08 days per completed month up to 2 years’ service (maximum 25 days)
  • 2.17 days per completed month from 2 to 5 years’ service (maximum 26 days)
  • 2.25 days per completed month from 5 to 10 years’ service (maximum 27 days)
  • 2.58 days per completed month after 10 years’ service (maximum 31 days)

The holiday year runs from 1 January to 31 December each year.

Flexible Holidays – The Society operates a policy allowing employees to buy or sell up to 5 days holiday entitlement each year.

Health and Welfare Benefits

Stakeholder Pension Scheme – In line with government legislation, employees will be automatically enrolled into the Society’s pension scheme at a rate of 3% providing they meet the following criteria:

  • earning over £10,000 a year (£833 a month)
  • aged 22 or over; and
  • under State Pension age.

The Scheme is a qualifying pension scheme, which means it meets or exceeds the government’s new standards. Once you have been auto-enrolled you may wish to pay a higher % into the Scheme, and the Society will match your contribution up to 10.6% helping you save more towards your pension on a regular basis.

If you do not meet the eligibility criteria, you will not be automatically enrolled, but you may still join the Scheme (and receive the matched contribution from the Society) if you so decide.

Life Assurance – Life Assurance is provided by the Society at 4 times your salary if you are a member of the pension scheme and 3 times salary if you are not.

Private Medical Insurance – The Society’s Private Health Insurance is subsidised at 50% after the completion of 2 years continuous service and is 100% subsidised after 5 years continuous service, subject to the scheme rules.

Employee Support Helpline – The Society has a 24 hour Employee Support Helpline, which provides advice, information and counselling services for employees and their families. The Helpline is completely free and confidential at all times.

Eyecare Benefits Scheme – The Society covers the cost of employee eye tests and is registered in a Corporate Eyecare Scheme, which offers comprehensive savings on eye examinations, spectacles and contact lenses to all employees and their families.

Financial Benefits

Enhanced Maternity & Adoption Pay – Following a qualifying period, maternity and adoption pay is paid at an enhanced rate, provided you return to work for at least 6 months following your leave.

Discounted travel cards and parking – West Midlands Travel and Centro cards, covering Bus, Metro and Rail travel in a wide range of geographical areas are available to employees at a discounted rate. For those working at Head Office and who travel by car, the Society also offers interest free loans to pay for an annual parking permit (saving a significant amount compared to paying daily) over 12 monthly instalments.

West Brom Staff Car Scheme – Subject to eligibility, you can lease a new car from 24–36 months at a fixed monthly cost, which can work out significantly lower than if you’d funded the vehicle yourself. Apart from fuel, the West Brom Staff Car Scheme provides for everything.

Shopping Discount Scheme – The opportunity to enjoy savings and discounts at over 1,600 retailers, including Sainsbury’s, Marks and Spencer, Debenhams, Thomas Cook and more.
The West Brom Social Club – An active and popular part of the Society, organising social events and activities at attractively discounted rates. This can include theatre trips, concert tickets, sporting events and many other attractions.