Employee Benefits Overview
Employee Benefits Overview
Global Bank provides a market-leading benefits package designed to support the health, financial security, and overall wellbeing of our employees. Benefits are available from your start date unless otherwise stated. This article provides a summary of all key benefits; detailed information for each benefit is available in the relevant Knowledge Base articles.
Benefits Summary
| Category | Benefit | Key Details |
|---|---|---|
| Health | Private Medical Insurance (PMI) | Comprehensive cover via Bupa; employee + family options |
| Health | Dental Insurance | Provided via Denplan; covers routine and major treatment |
| Health | Eye Care Vouchers | Annual eye test + contribution towards corrective eyewear |
| Health | Employee Assistance Programme (EAP) | 24/7 confidential counselling and support; see dedicated article |
| Financial | Pension Scheme | Defined contribution; employer matches up to 10%; see dedicated article |
| Financial | Life Assurance | 4x annual salary (8x for Grades 7+) |
| Financial | Income Protection | 75% of salary after 26 weeks of incapacity |
| Financial | Season Ticket Loan | Interest-free loan for annual travel season tickets |
| Financial | Cycle to Work Scheme | Tax-efficient bicycle purchase via salary sacrifice |
| Lifestyle | Annual Leave | 25–30 days depending on grade; see dedicated article |
| Lifestyle | Flexible Leave Purchase | Buy up to 5 additional days; sell up to 3 days |
| Lifestyle | Gym Membership Subsidy | 50% contribution up to £60/month towards gym membership |
| Lifestyle | Volunteering Days | 2 paid days per year for charitable volunteering |
| Wellbeing | Mental Health First Aiders | Trained colleagues available on every floor |
| Wellbeing | Wellbeing Allowance | £500 per year towards wellbeing activities (e.g., fitness classes, meditation apps) |
Enrolment
Most benefits are automatically enrolled from your start date. The following benefits require active enrolment through Workday:
- Pension Scheme: Auto-enrolled at the default contribution rate; you may adjust your contribution level via Benefits > Pension in Workday.
- Private Medical Insurance: Employee-only cover is automatic. To add family members, update your elections via Benefits > Health Insurance in Workday within 30 days of joining or during the annual benefits window.
- Flexible Leave Purchase: Elections are made annually during the November benefits window.
- Cycle to Work Scheme: Applications are accepted during two annual windows (April and October).
Annual Benefits Window
The annual benefits enrolment window opens on 1 November and closes on 30 November each year. During this period, you may:
- Change your pension contribution rate.
- Add or remove dependants from health and dental insurance.
- Elect to buy or sell annual leave for the following year.
- Opt into or out of the gym membership subsidy.
Changes made during the annual window take effect on 1 January of the following year.
Benefits Portal
All benefit information, policy documents, and enrolment forms are available through the Global Bank Benefits Portal, accessible via Workday under Benefits > Benefits Portal. The portal also includes a Total Reward Statement showing the full value of your compensation and benefits package.
Contact
For benefits queries, contact the Benefits Team at benefits@globalbank.com or extension 4420.