Challenging a Group Performance Share (GPS) award

The following article advises how to challenge 2022 Group Performance Share awards due to be released in March 2023.

Lloyds Banking Group operates a Group Performance Share plan which distributes part of the Group's profit back to colleagues when business performance objectives are met for a financial year. The GPS scheme replaced a previous bonus scheme and is non-contractual.

You can find more details on eligibility criteria in our general article about Group Performance Share (GPS).

Lloyds Banking Group operates a Group Performance Share plan which distributes part of the Group's profit back to colleagues when business performance objectives are met for a financial year. The GPS scheme replaced a previous bonus scheme and is non-contractual.

Here's what you need to do:

• Review the bank's GPS microsite to help you understand the policy, how awards are determined by your managers, and how any modifiers have been applied.
• After reviewing all the information, if you still feel your award is unfair, you should initially talk to your line manager initially and have an honest discussion looking back at your year. This my help clarify decisions that have been made. It's an opportunity for both sides to reflect.
• If you're unable to resolve matters with your line manager, your next step is to talk to your manager’s manager.

If you're still unable to resolve matters, get in touch with your local Accord officer to talk through what other options are available to you, like raising a formal grievance for example.

If a formal grievance is recommended, you should raise it as soon after discussions with your management team as possible.

If you need help, contact your local union rep or Accord officer. Feel free to chat to us through our online chat (available Monday-Thursday 8:30-17:30 & Friday 08:30-17:00), or drop us an email to [email protected].