Pay increase calculator 2023

About your current salary

Confused about what FTE salary means?

FTE is an abbreviation of full-time equivelant - so when we talk about it in relation to salary, this is the pay that someone would receive if they worked 35 hours a week (the standard full-time contracts in Lloyds Banking Group.

To understand pay fully for a part-time colleague, we use FTE salary to compare your part-time salary against that of full-time equivelants.

You can calcuate FTE salary by dividing your actual salary by your contracted weekly hours and then times that by 35.

Position against pay range

To provide you with an illustration, we calculate your position in the pay range. Pay ranges can vary from 80% to 150% depending upon your grade - you can find more about LBG's pay system in our help article.

We use the April 2023 pay ranges to provide you with an accurate illustration.

Need help? Call: 01189 341 808 (9am-5pm)

About your increase

This section tells you the following information:

• The % increase you would receive under the proposals.
• The £ increase you would receive under the proposals - if you're part-time we'll present you two figures:
  • the FTE salary increase
  • your actual salary increase
• If your currently salary is below the minimum for your salary range, you'll receive and increase to the minimum (even if this is greater than £2000 or a 5%). If that increase is less than £2000, you'll get £2000.
• If your salary is above the maximum you'll receive a non-consolidated payment of £2000 - this means it's given to you in cash and not added to your basic salary. This is pro-rated if you work less than 35 hours a week
• If adding £2000 to your salary takes you above the maximum for your pay range, you'll receive a part payment into your basic salary taking you to the maximum of your range, and the remainder will be paid as a non-consolidated cash payment

Confused about what FTE salary means?

FTE is an abbreviation of full-time equivelant - so when we talk about it in relation to salary, this is the pay that someone would receive if they worked 35 hours a week (the standard full-time contracts in Lloyds Banking Group.

To understand pay fully for a part-time colleague, we use FTE salary to compare your part-time salary against that of full-time equivelants.

You can calcuate FTE salary by dividing your actual salary by your contracted weekly hours and then times that by 35.

Need help? Call: 01189 341 808 (9am-5pm)