We invest in training, development and employee engagement activities in order to ensure that the Group provides a compelling and attractive employee proposition both for our existing employees and for candidates considering joining the Group.
In 2022, we welcomed 386 new UK employees and 297 at OSB India and reached a milestone of 2,000 employees.
We place a lot of emphasis on learning and development opportunities for all employees, and the training we provide relates to a broad spectrum of skills and behaviours, management development programmes, regulatory training, regular CPD and business change content to support operational and other training needs. In 2021, our People Development team delivered over 1,300 separate internal workshops. The Group has a genuine desire to retain, support and develop its employees. During 2022, over 240 UK employees were formally promoted to a more senior grade along with 75 employees at OSB India.
We believe in rewarding our employees fairly and transparently, enabling them to share in the success of the business. We also offer many benefits to our employees, read more about our benefits package. In 2022, the Group became an accredited Living Wage employer and further sought to support UK employees by making a one-off £1,200 cost of living payment in August to all staff beneath senior management level. This payment was made to around 80% of the employee base and was not pro-rated to reflect either tenure or contractual working hours.
There is a wide engagement at OSB Group with employees; our Workforce Advisory Forum (OurVoice) meets regularly and employee representatives from the UK and OSB India exchange regularly with Non-Executive Directors and Group Executive Committee members, bringing their ideas or concerns and sharing feedback.
We also gather employee views through various surveys; in the 2023 Best Companies to Work For survey, OSB Group was awarded an overall ‘Two Star’ rating. OSB India participates in a separate employee engagement survey, run by the Great Place to Work Institute, and was officially certified as a ‘Great Place to Work’ for the sixth consecutive year.
We also recognise the benefits that diversity brings to the business and we actively promote and encourage a culture and environment that values and celebrates our differences. We are certified Disability Confident Employer (Level Two) and we are proud to offer employment to employees who are registered as disabled. Our 2022 Gender Pay Gap Reports for OSB and CCFS can be found below and for both OSB and CCFS, the gaps relate to the structure of our workforce and reflect the fact that we have more men than women in senior roles and more female employees undertaking clerical roles. We continue to make progress across the Group and we are committed to reducing these gaps further.
As a signatory of HM Treasury’s Women in Finance Charter, we committed that by the end of 2023, 33% of senior management positions within the UK would be undertaken by female employees. We made progress and ended 2022 at 31% bringing us closer to our goal. Overall, at the end of 2022, around 57% of our UK workforce was female and at OSB India, females constituted just over 40% of all employees; 25% of our Group Executive Committee were female as was 44% of the OSB Group Board.
Read more detail about our Employees.