Coventry Building Society

We’re proud to be a building society and part of our vision is to be as simple and straightforward as possible.
http://www.coventrybuildingsociety.co.uk/

Officially a Very Good
Company to Work For

Officially a Very Good
Company to Work For

Officially an Outstanding
Company to Work For

Officially an Outstanding
Company to Work For

Officially a World Class
Company to Work For

Officially a World Class
Company to Work For

Officially a Good
Company to Work For

Officially a Good
Company to Work For

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2
Best Company to work for in the UK
Feb 2020
th
Best Company
to work for

In 1884 a small group of Coventry citizens banded together to help fund housing in a rapidly-growing city while giving people of all classes a safe and secure home for their savings. The Coventry Permanent Economic Building Society was the largest in the area by the beginning of the First World War. Over the last 137 years it has grown to become the UK's second largest building society, with more than 1.8 million members from all over the country.

The Coventry-based mutual is owned by members and run on their behalf and driven by its ethos of doing what's right for its members, staff and the neighbourhoods it serves. This includes not having sales targets, giving staff more than 20,000 hours of paid leave to balance work and home schooling through the pandemic and supporting communities through fundraising, donations and volunteering.

The Society sponsored a Christmas themed t-shirt to support its local hospital Superheroes fundraising campaign, which went viral after it was worn by Margaret Keenan, the first person in the world to receive a Covid vaccine. It also provided laptops, stationary packs and books to help children with home schooling during the pandemic and donated £35,000 to support a helpline for those in financial difficulty.

The for profit organisation wants its 2,500 plus staff working across its head office and 69 branches in England and south east Wales to grow with it through training and development programmes and promotion opportunities with over 40% of roles filled internally each year.

Featured Workplace Factors

Leadership

74% of staff agreed

I have confidence in the leadership skills of the senior management team

When Steve Hughes started as chief executive in April 2020 there was no option to meet people face to face so he did it virtually through weekly Zoom coffee breaks, attending team meetings and webinars. By the end of December, he had also Zoomed with people from all 69 branches.

My Company

83% of staff agreed

I love working for this organisation

The Society's bonus scheme is based on its performance across measures including member service, people and community engagement and risk management. The scheme recognises that all employees contribute to and should share in the Society's success and they all receive the same percentage of their salary, 10% last year.

My Team

85% of staff agreed

My team is fun to work with

A Society dog show which got hundreds of entries and a Whodunnit competition were among the many innovative events that kept employees' spirits high last year. Staff also took part in fancy dress team meetings, quizzes, photo and baking competitions, virtual breakfasts and a book group.

Benefits

Long Service

Companies where at least 40% of the staff have worked there for more than five years.

Pensions

Companies offering a final salary scheme to all employees, or one in which the employer's contribution is at least 5%.

List Positions

National Ranking
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2
Best Small Companies to work for in the UK
National Ranking
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2
Best Mid-Sized Companies to work for in the UK
National Ranking
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2
Best Large Companies to work for in the UK
National Ranking
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2
Best Big Companies to work for in the UK
National Ranking
#
2
Best NFP Organisations to work for in the UK
Sector Ranking
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Best Companies to work for in the UK
London
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Best Small Companies to work for in London
London
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Best Mid Sized Companies to work for in London
London
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Best Large Companies to work for in London
London
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Best Big Companies to work for in London
The Midlands
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17
Best Companies to work for in the Midlands
East of England
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Best Companies to work for in the East of England
The North East
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Best Companies to work for in the North East
The North West
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Best Companies to work for in the North West
Northern Ireland
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Best Companies to work for in Northern Ireland
Scotland
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Best Companies to work for in Scotland
The South East
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36
Best Companies to work for in the South East
The South West
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15
Best Companies to work for in the South West
Wales
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Best Companies to work for in the Wales
Yorkshire & The Humber
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Best Companies to work for in Yorkshire & The Humber