Our people

Strategic report

Our people

The British Business Bank has an HR strategy in place to enable the Bank to achieve its overall goals. By making the Bank a great place to work, with a strong sense of purpose and opportunities for all, we will attract and retain the best people.

The HR strategy reflects the size and needs of the organisation, and demonstrates value for money.

The Bank offers a unique employment proposition with a strong purpose – an opportunity to transform the finance landscape for smaller businesses with a range of broad and interesting roles where people can make a real difference. Our annual employee engagement survey showed that 95% of colleagues said they were proud to work for the organisation, and 86% felt they could personally make a real difference to the success of the business and overall purpose. During 2016 we were highly commended in the Employee Engagement awards.

Alignment with business objectives

The HR strategy supports the Bank’s objectives. We will support the achievement of these objectives by:

  • Attracting and retaining the right skills and diversity, demonstrating leadership, having the right organisational design in place and executing a robust performance and remuneration strategy.

  • Refining an efficient and effective business model with the correct structure, resource, skills mix and succession plans in place – moving from a startup to a growing organisation with a workforce that is agile to respond to future requirements. 

  • Continuing to build the British Business Bank as a credible organisation by measuring our performance against our goals and objectives. 

  • Supporting ongoing learning and development to empower colleagues to have real accountability and provide timely and relevant expertise based on market requirements.

  • Ensuring we have a culture and employment proposition to attract the right people with the right skills. We foster a culture based on our values making the Bank a great place to work:

    • The environment gives the organisation and its staff a clear identity and reinforces the strong purpose and social benefit of the bank both internally and externally. 

    • We take the best elements from public and private sector to make the Bank both successful and a great environment to work in.

    • We promote diversity and recognise that people work at their best in different ways, encouraging them to express alternative points of view and adapt working practices to accommodate people’s needs where possible.

    • Values are role modelled and recognised across all levels and teams in the organisation.

In addition to supporting existing colleagues with their learning and development and offering broad and interesting roles, this summer we are continuing with our summer internship programme, which aims to develop young people’s skills and experience to succeed in their future careers.

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