Our Approach to Diversity
Our commitment to diversity starts from the top of the organisation. Our Group Executive Committee signs off our diversity strategy.
We know that our success as a business depends on being sensitive to the needs of customers and employees from diverse groups.
We want to create an environment where all staff can contribute to our success regardless of gender, race, disability, age, sexual orientation or religion. We achieve this by positive action initiatives for under-represented groups and a range of diversity awareness training for our managers. We constantly review the impacts of our programme.
In this section we’ll tell you more about our work on diversity as an employer and service provider. This work continues as we recognise that there is still more to do.
Please follow the following links to find out more about our programme.
Want to find out more?
If you want to be part of our success story visit careers with us.
Dignity at Work
The foundation of our diversity programme is our policy on dignity at work. Respecting and appreciating our different backgrounds and beliefs will help make Lloyds TSB a great organisation for our customers to do business and for our employees to work.
Work-Life Balance
Helping our employees’ to get their work-life balance right is a priority. All employees can apply to work flexibly via our Work Options policy. Requests that don’t have an adverse impact will be agreed.
Around a third of our staff have a flexible working arrangement. These include part-time working, compressed hours, variable hours and job sharing.
We also have policies in place to support working parents and carers including.
Disability
Our disability programme is built on the social model of disability – the belief that society not disability creates barriers for disabled people. If you have a disability, please let us know and we’ll work with you in the following ways:
We also support managers of disabled staff via disability awareness training and specialist HR advice.
In 2007 Lloyds TSB's disability programme was ranked first out of 116 organisations by the Employers Forum on Disability.
For disabled customers our section on accessibility details the services and support available.
Sexual Orientation
Our work on sexual orientation has recently ranked us as the top high street bank in the Stonewall Workplace Equality Index and we are now considered to have one of the best workplace sexual orientation strategies in the UK.
We endeavour to create an environment where all employees can be themselves and feel supported, irrespective of their actual or perceived sexuality. We continue to shape our culture by challenging inappropriate or unsupportive activities & behaviour and we are totally committed to leading by example. To demonstrate this commitment, our work has led to the following:-
Gender
We’ve worked over many years to achieve greater gender equality in Lloyds TSB:
Race
Our work on race began with detailed research of our ethnic minority employees’ career experiences. As a result we have put in place several initiatives:
As a result of these initiatives the number of ethnic minority managers has more than trebled since 1998.
Lloyds TSB is a member of Race for Opportunity (RfO) an organisation of 150 businesses that puts forward the business case for race. Lloyds TSB came first in the RfO’s annual benchmarking exercise in 2003, 2005, 2006 and 2008.
We also have an Asian Business Strategy with dedicated relationship managers for Asian businesses in some areas of the UK. Our India Banking Service enables customers to send money to India without paying commission. We are also current sponsors of the Asian Jewel Awards and the Asian Women of Achievement Awards.
Religion
Our customers and employees are drawn from people from many faiths and none. We respect these differences and provide supporting guidance to all line managers. Employment initiatives include the provision of prayer rooms on request.
We have also launched Islamic Financial Services. We provide current accounts, mortgages, savings accounts and business accounts that enable customers to bank according to Shariah principles.
Age
We recruit, train and promote people on merit not age. We are a member of the Employers’ Forum on Age.
We have reviewed our approach to retirement and staff can now take flexible retirement options from the age of 55. Staff have the right to work until age 65 and can ask to work beyond.
