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BAE Systems 2006 Award Winners
BAE Systems also acknowledges that most employees work best when they are able to achieve an appropriate balance between work and other aspects of their lives.
We continuously seek to be the number one employer of choice, providing benefits and support mechanisms to our employees which show that BAE Systems values all its employees and their contribution to the business.
Employees of BAE Systems are eligible to receive the following benefits;
Occupational Pension
As a member of the BAE Systems Pension Scheme you will enjoy a range of benefits designed to suit you and your family, including benefits linked to your final salary. The Scheme has won several awards including the Pension Management UK Scheme of the Year Award in 2006. To take a look at the key features of our Scheme please click on the link in the right hand menu to download the brochure.
Annual Leave
Employees receive an annual leave entitlement generally of two days leave holiday for each calendar month of service with three days for the twelfth month, for their first five accrual years giving a entitlement of 25 days increasing to 26 days after the 5 year and to 27 days after 10 years of service. The Company additionally recognises eight Public (Bank) Holidays each year.
Maternity Leave
BAE Systems offers a maternity leave entitlement of up to 26 weeks, irrespective of length of service. Upon completion of maternity leave, employees have the option of returning to work on reduced hours equivalent to 60% of standard hours for the first 13 weeks in order to assist in re-acclimatising to work - pay and benefits being adjusted appropriately. Paternity, Adoption, Parental and Dependent Leave are all covered within our Work Life Balance Policy – some being dependent upon length of service and business unit requirements. These entitlements being significantly ahead of statutory levels.
Standard Benefits
Excel Healthcare Scheme – This optional scheme being designed to provide employees and their families with competitively priced healthcare.
Childcare vouchers – The majority of BAE Systems businesses allow eligible employees to sacrifice part of their salary and take childcare vouchers of an equivalent value.
Share Incentive Plan (SIP) – Employees can purchase BAE Systems shares from pre-tax earnings as ‘Partnership Shares’. As the deduction is taken from pre-tax earnings, the employee’s income tax and national insurance contribution is reduced.
Additionally, BAE Systems awards one free matching share for every 2 shares purchased up to the first £30 invested each month.
Discount Arrangements
Vauxhall Associate Partners Programme – All employees are eligible for exclusive discounts on Vauxhall and Chevrolet cars for them and their families.
Office@Home - provides stationery supplies, computer consumables, hardware and software at discounted rates.
Hertz Car Hire – All employees are eligible for exclusive discounted rates on car hire throughout the UK.
Holiday Extras – Employees are eligible for Holiday Extras products and services, providing savings on a range of pre-booked holiday extras, including airport hotels and airport parking.
Privilege Purchase Club – Enables employees to save on a wide range of products from the leading brands of Hotpoint, Creda, Cannon and Indesit.
Additional Benefits
BAE Systems operates an Executive Car Scheme which is available with certain roles. The scheme, administered by Arval PHH, gives a benefit which is competitive in the pay market, offering flexibility and choice of vehicle.
