Rewards & benefits
Our people work hard to deliver a service that gets our customers talking.
So we feel it's only fair that they’re well rewarded for their efforts. Our benefits package (detailed below) has been developed to help us attract, motivate and retain the best people in retail and includes everything from subsidised healthcare and performance related pay rewards to our fantastic employee discount. But that’s not all we offer. To find out more about these, use the link at the bottom of the page.
Our Shared Services teams enjoy slightly different rewards to the rest of the business.
Benefits
Our benefits package is under constant review but the main things you'll be able to enjoy include:
Competitive rates of pay and performance related rewards
We regularly check our salaries against other retailers to make sure we’re competitive. And in order to keep up with any changes in the market, we’ll review your basic pay every year. We also offer extra performance rewards to recognise individual achievement.
Employee discount
For all your store purchases (excluding technology and certain kitchen electrical products) at Marks & Spencer, you get a 20% discount. We’ll also give your partner or a member of your family who permanently lives with you their own card, so they can benefit from the discount too. There’s no limit on the amount of goods you can buy with discount.
Pension
Our retirement plan is one of the best of its type in the UK. Once you've worked with us for a year you can save up to 100% of your pay in the plan and we'll match it with double contributions (up to a limit of 12%). It’s an excellent way to provide for a secure retirement and, even if you decide not to stay with us until you retire, you can still transfer your investment when you leave.
As an extra incentive, if you join the plan within the first year of becoming eligible you can pay extra contributions, which we will double (up to a limit of 24%).
On top of these benefits, we also offer our people:
- SAYE for all employees;
- More holidays the longer you stay with us; and
- Optional subsidised company benefits, such as health and dental care.
Bonus
The annunal Bonus Scheme is open to all employees in Head Office and Retail Management. Bonus targets are linked to team and Company performance. The Bonus Scheme is open to new employees from the date they join the Company and they will be eligible for a proportionate bonus, based on the number of full calendar months they work in the financial year. However, we reserve the right to review and where appropriate withdraw the Scheme each year.
Extras
A range of offers and discounts available exclusively to Marks & Spencer employees. You can take advantage of special discounts on a wide range of holidays, health club memberships, leisure attractions and many more products and services.
To find out about our work/life balance initiatives, use the link below.
Back to top