About resigning & notice (LBG)
In order to resign you should notify your employer in writing - an email to your line manager is usually sufficient. If you've got another job lined up, it's a good idea to specify your leaving date to avoid confusion.
Contractually you must give sufficient notice to resign, and the period you need to give is determined by your grade.
It is important to note that once your notice has been accepted, your employer does not have to agree if you change your mind about leaving. You may also loose entitlement to bonuses/profit sharing awards, and free shares that you may hold.
Notice periods in Lloyds Banking Group
|A to E||1 month|
|F to G||3 months|
What will happen to your holiday entitlement?
When you leave your employer, you are still entitled to any holiday leave that has accrued but remains unused. This is normally worked out by your manager, using a holiday calculator provided by HR. There are different calculations depending upon where you work and whether bank holidays are treated as normal days of work for your area.
If your primary reason for leaving is because you feel you have been treated badly at work, there may be alternatives, especially if you enjoy your job and didn't want to resign.
Resigning might feel like the right thing for you if you’ve being treated unfairly at work. But it is a big step, and it's important to consider all your options first. If you've not already done so, there might be other ways to try and resolve the situation you're experiencing rather than resigning.
If you still want to resign, you may need to follow some steps first, especially if you're considering a legal claim against your employer. We'd recommend talking to your local Accord officer to help guide you through your options. We would normally recommend raising a grievance with your employer first before considering any legal options.
What else you need to know
You will be asked to return any equipment that belongs to your employer, including any customer or managerial documentation you may hold that is not stored on your IT systems and does not relate to you personally. If you work in a site, you'll be asked to return your security access badge at the point of leaving.
If you're currently off work, your manager will arrange this handover with you, and will usually go through a leavers checklist to make sure they do everything that is expected of them. You may be asked to discuss your resignation as part of an 'exit interview'.
Before you leave, you should print out or request any payslips that you wish to retain as you will lose access to Workday when you leave. We also recommend ensuring your contact information on Workday is up to date when you leave.
Colleague products, benefits & shares
You may wish to check how you will be impacted by leaving your employment, and the treatment of colleague products, benefits or share plans. This information is available on the bank's interchange. However here is a summary of how we understand your benefits will be impacted by leaving.
- Any entitlement to Bupa private healthcare ends in the month you leave the business - if you've been using your healthcare for treatment you should contact Bupa directly to take over and continue the policy.
- If you have a car, you should check how leaving impacts you and any steps you need to take.
- There are rules around the treatment for share plans which are worth checking to see what you're entitled to. You can find out more through our help article on share plans.
- You'll won't be entitled to any GPS award if you are under notice on or before the 1st March in the year the award is due to be paid. You will also forfeit any deferred awards that have not been paid to you.
- Within 6 weeks of leaving you should be contacted by the bank's pension provider who will detail any options you have. The options available will vary depending upon the number of years you've worked for the bank and your age-related entitlement to take your pension benefits.
- You may need to take action if you have any colleague financial products such as loans, mortgage or other accounts. Refer to the guidance on the bank's intranet for details on what you need to do.