Ipswich Building Society

Hidden mission statement
http://www.ibs.co.uk

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Ipswich Building Society (IBS) has more than 160 years experience in providing mortgages and savings for people in the East of England. The society is an independent mutual, run in the best interests of its members, not shareholders. The society exists to help its members achieve their goals of home ownership and save for the future with an organisation they can trust. IBS was established in 1849 as the Ipswich and Suffolk Freehold Land Society, to create 'forty-shilling freeholders' – giving the ordinary man the chance to buy enough land to enable him to vote. The aim was to improve the social position and promote the moral elevation of the unenfranchised population of the country. Whilst IBS keeps these traditional values at its heart, they are looking to the future, with plans to grow and retain independent mutuality under Chief Executive Officer Richard Norrington. The society has nine branches across Suffolk.

Featured Workplace Factors

Giving Something Back

97% of staff agreed

My organisation encourages charitable activities

Managers' performance is assessed by their effectiveness in managerial tasks, teamwork, distributing work and delegation. This is documented by an online performance-management system recording monthly on-to-one meetings, and six-monthly and annual appraisals.

My Company

89% of staff agreed

I believe I can make a valuable contribution to the success of this organisation

A volunteer scheme encourages employees to spend four hours per month at a charity. A match-funding initiative means £10,000 is available to match individual employee fundraising each year.

My Manager

87% of staff agreed

My manager cares about me as an individual

Managers' performance is assessed by their effectiveness in managerial tasks, teamwork, distributing work and delegation. This is documented by an online performance-management system recording monthly on-to-one meetings, and six-monthly and annual appraisals.

Quick Facts

Organisation established in
Total number of employees
Number of UK locations
Employee average age
Male : Female employee ratio
Employees earning £35k+
Employee turnover (voluntary)

Benefits

Long Service

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

Women in Senior Management

At least 40% of senior managers are women.

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