The benefits offered by Barratt Developments

The benefits offered by Barratt Developments:

Pensions and protection

  • A trust-based defined contribution (DC) pension for all employees. Employees contribute 5% for a 10% employer contribution.
  • Employer-funded group income protection for management-level employees.
  • Life insurance for all employees, provided on an employer-funded basis.
  • Employer-funded personal accident insurance for all employees.

Pay and share schemes

  • An annual bonus is provided to all employees, dependent on individual and business performance.
  • A sharesave scheme is available to all employees.
  • A long-term incentive plan (L-tip) is offered to senior managers.

Healthcare and wellbeing

  • Private medical insurance (PMI) is employer-funded for those at management-level only; all other employees can buy this at a discounted rate through the flexible benefits scheme.
  • Health screening is employer-funded for all employees.
  • A health cash plan is available at a discounted rate through the flexible benefits scheme.
  • Employee assistance programme (EAP).

Work-life balanceĀ 

  • Flexible working arrangements are available to all employees.
  • Enhanced maternity and paternity pay and leave: basic pay for the first 18 weeks of maternity leave, followed by 21 weeks at the statutory rate, and two weeks of paid paternity leave at basic pay rate.
  • Carers’ leave of three days paid leave per year.
  • Paid assisted fertility leave of up to two days per cycle of treatment.
  • Employees are entitled to 25 days of holiday, with the ability to buy or sell up to five days through the flexible benefits scheme.
  • Staff receive an extra day’s leave for every three years worked, capped at three days.

Other

  • A company car scheme or cash alternative is available for management-level employees.
  • Bikes-for-work scheme, allowing employees to purchase bikes through salary sacrifice.
  • Childcare voucher scheme, closed to new entrants.
  • A voluntary benefits platform hosting retail and leisure discounts
  • Flexible benefits, including a health cash plan and discount gym memberships.
  • Access to interest-free loans, such as hardship loans and season ticket loans.