Teachers Building Society

Teachers Building Society’s purpose is to help teachers with smaller deposits own their own homes.
Hidden mission statement
https://www.teachersbs.co.uk/

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In the 1960s buying your own home as a teacher was tough — many male primary school teachers earned so little that their own children qualified for free school meals. It was even harder for women: they needed male "permission" to open a bank account.

Teachers Building Society was launched in 1966 to help people in relatively low-paid jobs take out a mortgage. It was founded as a response to the belief that, without the prospect of owning their own home, teachers would leave the profession.

The society was ahead of its time. The founding management were so firm in their belief that any young teacher who wanted to buy a home should be able to that they made equality of lending a guiding principle, almost a decade before the Sex Discrimination Act forced other mortgage companies to follow suit.

Over the past 55 years, the mutual organisation, which is based in Wimborne, Dorset, has remained dedicated to the education community and its cause, helping teachers to buy homes through the provision of mortgages. Additionally, the society has continued to offer savings accounts, enabling teachers to support other teachers in buying homes.

Part of what makes it a great place to work is the determination of staff to continue the founders' mission of supporting teachers and its clear focus on doing responsible business. This is evident in its ethos of supporting people and the planet, its commitment to local community and sector-specific charities and its dedication to employee wellbeing and professional progression.

A spotlight on

Teachers Building Society

View the latest achievements

Featured Workplace Factors

Giving Something Back

100% of staff agreed

My organisation encourages charitable activities

The society works with Wimborne Foodbank and pre-pandemic this meant dating tins and stacking shelves, among other tasks. During the pandemic it has donated food and cash to help with increased demands. It has also planted a bee-friendly garden at the front of the building as part of Wimborne War on Waste.
My Company

98% of staff agreed

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

Colour profiling was introduced as a means to improve internal communication, a key area for action following the organisation's last large survey. Initially approached with scepticism by some, the profiling has been transformative - so much so that it is now part of the company's DNA and used from the first day of employment.
Personal Growth

84% of staff agreed

The experience I gain from this job is valuable for my future

The society promotes and develops staff and regularly has internal movers from its business-support areas into technical and professional roles. It has recently committed to sponsoring the head of sales and marketing through a master's degree in strategic leadership at Loughborough University.
Giving Something Back
%

100% of staff agreed

My organisation encourages charitable activities

The society works with Wimborne Foodbank and pre-pandemic this meant dating tins and stacking shelves, among other tasks. During the pandemic it has donated food and cash to help with increased demands. It has also planted a bee-friendly garden at the front of the building as part of Wimborne War on Waste.
My Company
82%

98% of staff agreed

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

Colour profiling was introduced as a means to improve internal communication, a key area for action following the organisation's last large survey. Initially approached with scepticism by some, the profiling has been transformative - so much so that it is now part of the company's DNA and used from the first day of employment.
Personal Growth
96%

84% of staff agreed

The experience I gain from this job is valuable for my future

The society promotes and develops staff and regularly has internal movers from its business-support areas into technical and professional roles. It has recently committed to sponsoring the head of sales and marketing through a master's degree in strategic leadership at Loughborough University.

Quick Facts

Organisation established in
1966
Total number of UK employees
Number of UK locations
41
Employee average age
41% : 59%
Male : Female employee ratio
50%
Employees earning £35k+
3%
Employee turnover (voluntary)
Quote from the top...
“The foundation of our People & Culture strategy is to develop and support an inclusive culture whereby everyone is engaged and contributes to the business goals. Our aim is to continue to win hearts and minds of our colleagues –protecting, enhancing & adapting our “one of a kind” culture - instilling pride (and some fun) every step of the way. We continue to reward and develop the right behaviours, whilst developing and upskilling colleague expertise at every opportunity”

Jo McLean, Head of People & Culture - Teachers Building Society

Benefits

Gym / Sports

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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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42
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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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