Reward & recognition

We offer a fair and competitive remuneration package comprising a mixture of cash and other elements, including pay and pension, benefits, learning and development and a high-quality working environment.

Our PRIDE goals are a key part of our approach, providing an additional mechanism for celebrating and rewarding effort and achievement. Read more in 'Our people strategy'.

The majority of Group employees are members of the Nationwide Pension Fund. The Group operates both Final Salary and Career Average Revalued Earnings defined benefit arrangements. We have recently introduced a defined contribution pension scheme for all new starters with an employer contribution of 4%. After 2 years service the employer contribution rate rises to 8%, with the possibility of a further 3% from the employer through AVC matching. For full details of current arrangements please see our Annual Report and Accounts.

Choices, our flexible benefits scheme, has been recognised as one of the best in the UK and enables our employees to choose from a wide range of options, which are regularly reviewed and enhanced.

Our Brainwaves employee suggestion scheme also rewards ideas contributing to the business and has received 50,000 suggestions from employees since it began.