Barclays Pay – What Barclays Salary Can I Expect?

Barclays is the one of the biggest banking group in the UK. They have hundreds of branches across the company and thousands of employees.

If you want to work for them then visit their job site online to search for current vacancies. Here are benefits and rewards for working for Barclays:

Base pay is targeted at the market average, but there is potential for earning large bonuses at all levels – the more you are able to impact the business, the bigger your potential bonus, but it’s typically 10-15% even for clerical staff.

Like most employers, Barclays has moved away from a final benefit pension scheme, replacing it with the award-winning “afterwork scheme” that combines a guaranteed retirement fund with the opportunity to invest in the stock market. It requires employees to contribute a minimum of 3% of their salary.

Barclays has an extensive benefits catalogue that includes deals on all Barclays products and discounts on other products.

All employees have the right to ask for flexible working arrangements and where possible the company is keen to take a supportive view. That’s seen too in unpaid parental leave and adoption breaks that exceed the government’s minimum rules; and maternity “buddying” is an interesting idea, giving new mothers the chance to talk to a friendly maternal mentor.

As you would expect from a bank, the financial options are extensive, with a SAYE monthly savings plan that enables staff to purchase Barclays shares at a 20% discount; and the Sharepurchase incentive plan which lets you contribute between £10 and £125 per month towards tax-free share purchases. Barclays estimate that 65% of their employees have a stake in the company through their employee shared plans. Together they represent the biggest private shareholder group. There are also recognition schemes (awards and rewards for exceptional contributions), tax-free saving for childcare and car purchase deals for managers.

Private medical cover is available immediately for most management levels, and to all staff after one year’s service. Cover can be extended to include partners and dependent children.

Barclays offer up to 30 days’ paid leave, with additional time off available for family or compassionate needs as well as for participation in voluntary organisations. You could also apply for an unpaid career break where your job will be held open for between one and five years.

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