Leeds Building Society

We aim to continually adapt to anticipate our members’ changing needs and, by doing the things we do well, we will help our members get on with life.
Hidden mission statement
http://www.leedsbuildingsociety.co.uk

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Best Company to work for in the UK
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A healthy work-life balance is promoted by Leeds Building Society. It is committed to providing inclusive working and family-friendly arrangements that suit colleagues during the different stages of their careers.

The mutual, which is Britain's fifth-largest building society, was set up in 1875. In its first year, 450 accounts were opened and £16,000 was lent in mortgages. Today, the Society has more than 771,000 members and, in 2021, had assets of £21.1bn. It employs more than 1,400 colleagues across its head offices in Leeds and Newcastle, and 50 branches across the country.

Leeds Building Society has four behaviours that are communicated to colleagues: “I am curious”, encourages colleagues to search both inside and outside the business for different perspectives and inspiration; “I focus on what matters”, means doing the things that will make the biggest difference and always doing what is right for members and society; “I push forward”, is taking action and creating solutions to blockers and barriers; “I have the right conversation”, is facing difficult conversations and celebrating great work.

Hybrid working has been adopted and has proved to be a productive way of operating. The Society's new head office has the technical infrastructure to allow colleagues to work seamlessly at home or in the office. Colleagues have been mostly working four days at home and one in the office, but this will move to two in the office and three at home from March 2022, with investment in collaboration tools to support this approach.

A spotlight on

Leeds Building Society

View the latest achievements

Featured Workplace Factors

Personal Growth

78% of staff agreed

This job is good for my own personal growth

Developing-Insight sessions give staff the opportunity to find out about a project, initiative, topic, or area of the business they know little about. Recently, the Race Equality Forum hosted a session during Black History Month and the Gender Forum ran a session entitled Menopause in the Workplace.
My Manager

89% of staff agreed

My manager shares important knowledge and information with me

Personal development-plan discussions identify managers' needs. They can select from modular development courses and have access to a people-manager mental wellbeing course and a society-wide Mindfulness programme. They can also be mentored through initiatives such as Mission Include, which focuses on supporting under-represented groups.
Giving Something Back

97% of staff agreed

My organisation encourages charitable activities

The society partnered with Dementia UK in April 2020 and has raised more than £300,000 for the charity. A savings bond that donates a percentage to Dementia UK and a staff fantasy football league contributed to the sum.
Personal Growth
%

78% of staff agreed

This job is good for my own personal growth

Developing-Insight sessions give staff the opportunity to find out about a project, initiative, topic, or area of the business they know little about. Recently, the Race Equality Forum hosted a session during Black History Month and the Gender Forum ran a session entitled Menopause in the Workplace.
My Manager
82%

89% of staff agreed

My manager shares important knowledge and information with me

Personal development-plan discussions identify managers' needs. They can select from modular development courses and have access to a people-manager mental wellbeing course and a society-wide Mindfulness programme. They can also be mentored through initiatives such as Mission Include, which focuses on supporting under-represented groups.
Giving Something Back
96%

97% of staff agreed

My organisation encourages charitable activities

The society partnered with Dementia UK in April 2020 and has raised more than £300,000 for the charity. A savings bond that donates a percentage to Dementia UK and a staff fantasy football league contributed to the sum.

Quick Facts

Organisation established in
1875
Total number of UK employees
Number of UK locations
39
Employee average age
41% : 59%
Male : Female employee ratio
38%
Employees earning £35k+
17%
Employee turnover (voluntary)
Quote from the top...
As a mutual, we are committed to doing the right thing by our members, communities and colleagues and our overarching aim is to ensure delivery of our purpose and strategy through our highly engaged colleagues. Our Board recognises the crucial role that you all play in our success and has a non-executive director, Lynn McManus, who is responsible for representing colleague views, regularly meeting with our Colleague Association to keep close to colleague matters. We work hard to maintain high engagement levels (86%, June 2021) through, for example, an open culture including regular senior leadership communications, clear personal performance objectives that link to our key strategic priorities, and lots of opportunities for colleagues to provide feedback which we listen to carefully.

Richard Fearon, CEO - Leeds Building Society

Benefits

Development

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Gym / Sports

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Profit Related Pay

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Long Service

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

Latest Achievements

National Ranking
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Best Mid-Sized Companies to work for in the UK
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Best Big Companies to work for in the UK
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23
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London
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East of England
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Yorkshire & The Humber
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Best Companies to work for in Yorkshire & The Humber
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Best Companies to work for in the UK
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Best Companies to work for in the UK
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Best Companies to work for in the UK
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Best Companies to work for in the UK
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Leeds Building Society
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