Scottish Building Society

We are the oldest remaining building society in the World. As a member-based mutual, our focus and purpose is to serve our local communities.
Hidden mission statement
https://www.scottishbs.co.uk/

Officially a Very Good
Company to Work For

Officially a Very Good
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Officially an Outstanding
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Officially an Outstanding
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Officially a World Class
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Officially a World Class
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Officially a Good
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Officially a Good
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Officially a Global*
Good Company
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Officially a Good
Company to Work For
Globally*

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Best Company
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Scottish Building Society, formed as a mutual organisation, holds a unique position in the financial landscape. Primarily accountable to its members, the Society ensures that surplus profits are reinvested to benefit members and maintain financial strength. The Society's commitment to feedback, run in partnership with Smart Money People, aids in refining its services and products, demonstrating the value placed on member voices.

The Society's dedication to nurturing a supportive environment is evident in its commitment to employee wellbeing. The Society has hosted events reflecting diverse topics such as menopause, children's online safety, and mental and physical health. Additionally, the Society introduced new pension and electric vehicle salary sacrifice schemes, further enhancing the benefits offering to employees.

The Society's strategic priorities, underscored by its purpose, values, and behavioural framework, are shared with employees through annual offsites. This approach ensures that all colleagues have a chance to engage in dialogue about the Society's journey and its members. By promoting growth and development through internal role advertising, shadowing opportunities, and external learning events, the Society fosters an environment of continuous learning.

The Scottish Building Society's commitment to community outreach is exemplified through initiatives such as Tackle Maths and the Player of the Month programme. In partnership with Edinburgh Rugby, these programmes have impacted over 500 pupils and contributed over £12k to various charities. Additionally, the Society established the SBS Foundation in partnership with Foundation Scotland, which has already benefited over 30k people through funding awarded to 28 charities.

A spotlight on

Scottish Building Society

View the latest achievements

Featured Workplace Factors

My Team

93% of staff agreed

People in my team go out of their way to help me

The Society hosts biannual Colleague Conferences, promoting team spirit and camaraderie. Employees from across six locations come together for these events, fostering a strong sense of belonging and unity.
Fair Deal

71% of staff agreed

I feel I receive fair pay for the responsibilities I have in my job

The Society introduced new pension and electric vehicle salary sacrifice schemes, improving their benefits offerings and showing a commitment to fair treatment of employees.
Leadership

94% of staff agreed

This organisation is run on strong values / principles

The Society shares its strategic priorities, values, and behavioural framework with employees during annual offsites. This approach ensures transparency and trust in leadership and aligns all colleagues with the Society's journey.
My Team
%

93% of staff agreed

People in my team go out of their way to help me

The Society hosts biannual Colleague Conferences, promoting team spirit and camaraderie. Employees from across six locations come together for these events, fostering a strong sense of belonging and unity.
Fair Deal
%

71% of staff agreed

I feel I receive fair pay for the responsibilities I have in my job

The Society introduced new pension and electric vehicle salary sacrifice schemes, improving their benefits offerings and showing a commitment to fair treatment of employees.
My Team
%

93% of staff agreed

People in my team go out of their way to help me

The Society hosts biannual Colleague Conferences, promoting team spirit and camaraderie. Employees from across six locations come together for these events, fostering a strong sense of belonging and unity.

Quick Facts

Organisation established in
1848
Total number of UK employees
Number of UK locations
44
Employee average age
36% : 64%
Male : Female employee ratio
60%
Employees earning £35k+
9%
Employee turnover (voluntary)
Quote from the top...

We are immensely proud to have received an Outstanding rating from our colleagues. These results reflect our ongoing commitment to ensuring all colleagues feel valued as individuals in the Society and feel connected to our purpose and ambition. As an organisation owned by and run for the benefit of its members, we simply could not offer such a personalised service without them, and we are committed to maintaining our colleagues sense of belonging as a key priority.

Paul Denton, Chief Executive Officer

Benefits

Pensions

Companies offering a final salary scheme to all employees, or one in which the employer's contribution is at least 5%.

Maternity

Companies offering at least 10 weeks’ full pay or generous alternative.

Private Healthcare

Companies offering private health insurance to all employees.

Latest Achievements

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24
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National Position
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24
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Company to Work For in the West Midlands
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8
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Scottish Building Society
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Scottish Building Society

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