Allied Irish Banks (AIB) is to introduce healthcare benefits and a bonus worth up to €12,700 for all employees.
From 1 January 2024, it will introduce healthcare benefits for the first time for all employees in the Republic of Ireland and Northern Ireland. The benefits, which are provided by Bupa and Vhi, will give employees access to a wide range of health benefits, as well as access to treatments and treatment centres. The benefits are being introduced following employee feedback that healthcare is an important benefit to them.
In addition, AIB will introduce a variable pay scheme, which will amount to no more than 5% of an employee’s salary, up to a maximum of €12,700, subject to group performance conditions being met. These include group financial performance, employee gender balance, customer satisfaction levels and green lending targets.
The bank is introducing the benefits in recognition of the contribution employees have made in supporting its customers and putting it on a long-term sustainable footing. The initiatives are also designed to aid staff recruitment and retention.
David McCormack, chief people officer at AIB, said: “The health and wellbeing of our employees continues to be a key priority for us. The introduction of healthcare is a very significant step forward and a demonstration of our continued commitment to providing a supportive workplace in AIB”.
AIB also offers employees seven weeks fully paid parental leave, 10 days paid fertility leave per year for employees undergoing treatment, two days paid leave for employees whose partners are having treatment and paid surrogacy leave that mirrors its maternity leave offering of 26 weeks. It has also introduced a range of support for employees experiencing domestic violence and abuse including 10 days fully paid leave per year, five days paid emergency hotel accommodation; security assistance to ensure their personal safety on the way to, from and at work, and counselling services.