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Bank of England

The Bank of England is the central bank of the United Kingdom. Sometimes known as the “Old Lady” of Threadneedle Street, the Bank was founded in 1694 with a founding charter that stated its purpose was to “promote the public good and benefit of our people”. The Bank of England’s purpose today reflects that vision first articulated by our founders. Our mission: to promote the good of the people of the United Kingdom by maintaining monetary and financial stability.

Location
Threadneedle St, London, EC2R 8AH
Website
Industry Banking
Company size:   1,001-5,000 employees
Industry:   Banking
Company Details
Address
Threadneedle St
London
EC2R 8AH
 
Contact
Industry
WORKYOURWAY INSIDER VIEW

The Bank of England is in the top 20 highest-rated companies for work-life balance in the UK and aims to offer flexible working hours and flexible leave options wherever possible to balance employees' work commitments with their personal commitments. The aim is for leaders to encourage work flexibility while also concentrating on equality for all, with equal contribution no matter where employees decide to work.

What we love about the Bank of England:

💡 Bank of England focus on well-being and work-life balance, and are open to discussing a variety of flexible working options such as variable hours, part-time work and home working. 

💡 The Bank of England is moving away from traditional working patterns as they are aware that with changing times, employees require different things. These needs may be ever-changing and will vary throughout a career. 

What's worth checking about the Bank of England:

💡 Flexible arrangements may be dependent on the level of seniority and job role.

Articles about the Bank of England:

💡 Bank of England tells staff to come into the office one day a week 

💡 Bank of England considers flexible working despite Bailey's vow 

Flexible Working Approach

We’re in the top 20 of the highest-rated companies for work-life balance in the UK. The wellbeing of our staff is important to us. We’ll support you with your social, physical, mental and financial wellbeing. Where possible we’ll offer flexible working hours and flexible leave options so you can balance your career with other parts of your life.

FLEXIBASE WORKING PATTERNS DEFINITIONS
Part-time: An employee who works fewer hours than a full-time worker. There is no specific number of hours that makes someone part-time, but a full-time worker will usually work 35-40 hours a week.
Flexi-Time: This is a working schedule that allows employees to choose when they start and end their workday, usually to accomodate an individuals needs and other commitments outside of work.
Compressed Hours: This is where an employee increases the volume of hours worked each day in order to reduce the number of days worked.
FLEXIBASE WORKLOAD DEFINITIONS
Job Share: An arrangement where two people, or sometimes more, are retained on a part-time or reduced-time basis to perform a job normally fulfilled by one person working full-time.
Phased Retirement: This refers to an approach that gives employees the ability to manage the transition from full-time employment to retirement.
FLEXIBASE WORKPLACE DEFINITIONS
Hybrid Working (Office / Home): This means an employee splits their time between the workplace (usually office based) and remote working (usually at home).
Remote or Mobile Working: This is a type of working arrangement that allows an employee to work from a remote location outside of corporate offices.
Work From Home (WFH): This is where an employee has the ability to set up their workspace at home, and manage their work without the need to go to the office.
Office Working: This refers to an employee being physically present in the workplace to fulfil their contractual responsibilities.
FLEXIBASE LIFE EVENT DEFINITIONS
Career Breaks / Sabbatical: These are an extended periods of agreed absence from work. The term is often used interchangeably with "sabbatical", which is generally taken to mean a shorter period of leave of several weeks or months.
Shared Parental Leave: This allows parents to share a portion of leave and pay with their partners to care for children from birth, usually until their first birthday.

*Please note that not all flexible working options may not be available for every role.

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