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.
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.
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.
Nowadays, we’re all aware of how important it is to save for our retirement. At M&S, we want to help you along the way. We offer a Defined Contribution Pension Plan to new employees. If you pay into the plan, the company will too, and these contributions will be invested. You can find all the details you need by looking at our website www.yourmandspension.com.
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.
Sharesave is a fantastic way for you to save and share in the future success of M&S. By joining Sharesave you can save any amount between £5 and £250 each month for 3 years, and at the end of 3 years you can get your money back or buy shares at an exclusive 20% discounted price, which is set at the start of the scheme. Sharesave launches each year in November, and as long as you have started working for M&S before 1 July, you would be eligible to apply.
A range of over 1,500 discount deals to help you save money every day. You can take advantage of special discounts on a wide range of holidays, leisure attractions, healthcare products and many more products and services.
To find out about our work/life balance initiatives, use the link below.
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