Chetwood Financial is a digital banking startup that aims to be “the bank that the UK deserves” Founded in 2016 by Andy Mielczarek and Mark Jenkinson, Chetwood Financial is one of the newest entrants in the UK banking market The company is fully regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).
Chetwood Financial’s mission is to provide a banking service that is simple, fair and transparent The company believes that banking should be easy and accessible to everyone, regardless of their income or financial circumstances To achieve this objective, the company offers a range of products and services, including personal loans, savings accounts, credit cards, and a mobile banking app.
For employees of Chetwood Financial, compensation is an important consideration In this article, we will explore the compensation offered by Chetwood Financial to its employees.
Salary
The salary offered by Chetwood Financial is competitive and comparable to other startups in the financial services industry According to Glassdoor, the average salary for a software engineer at Chetwood Financial is £55,000 per annum Meanwhile, a personal loan specialist earns an average of £30,000 per annum.
Annual Bonus Scheme
In addition to their base salary, Chetwood Financial employees are eligible for an annual bonus The company has a discretionary bonus scheme that takes into account a number of factors, such as the individual’s performance, the team’s performance, and the company’s financial performance.
According to Chetwood Financial’s website, the bonus scheme “is designed to encourage and reward outstanding performance – both on an individual and team basis – and is aligned to the long-term success of the company.”
Stock Options
Chetwood Financial also offers stock options to its employees Chetwood Financial compensation. This allows employees to purchase shares in the company at a fixed price, with the hope that the company’s overall value will increase over time The idea behind stock options is to align the interests of the employees with those of the company.
Stock options are usually awarded to employees who have shown outstanding performance and have the potential to contribute to the company’s growth in the long-term At Chetwood Financial, stock options are generally offered to senior managers and other key employees.
Benefits
Chetwood Financial offers a range of benefits to its employees These include:
– 25 days of paid leave per year
– Flexibility in working hours and location
– Private medical insurance
– Life assurance
– Cycle to work scheme
– Employee assistance programme
The company also has a dedicated learning and development team, which provides training and support to all employees This enables employees to enhance their skills and knowledge, and to progress in their careers.
Conclusion
Overall, Chetwood Financial compensates its employees fairly and offers a competitive package that is comparable to other startups in the industry The company’s bonus scheme and stock options provide additional incentives for outstanding performance, and the range of benefits offered is generous Chetwood Financial’s commitment to providing a simple, fair and transparent banking service extends to its employees, who are treated with respect and valued for their contributions to the company’s success.
If you are considering a career in the financial services industry and looking for a company that values its employees, Chetwood Financial could be the right choice for you With its innovative approach to banking and commitment to fairness and transparency, Chetwood Financial is one of the most exciting companies to watch in the UK banking sector.