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Our benefits

As you’d expect from CommBank, our employee banking benefits are very competitive, however, we also know there are a lot of other things that are important to you.

Read more out about our range of benefits and how some of us are putting them to use.

Our benefits

We reward

We’ve created a range of financial benefits that fulfil everyday needs. These include:

Competitive pay

We are rewarded with competitive salaries, superannuation and salary packaging options, including the option to salary sacrifice. Many positions also offer performance incentives.

Employee Share Plan

Our Employee Share Acquisition Plan (ESAP) recognises and rewards the role we play in helping CommBank succeed. Under the plan, you could potentially receive up to $1,000 in CommBank shares every year, subject to a performance target being met.

Salary Sacrifice Super

If you’re eligible, you may take part of your base salary and/or potential bonus payment as employer super contributions rather than cash income.

Salary Sacrifice Shares

Under our Voluntary Equity Participation (VEP) Plan, if you’re eligible, you can purchase between $2,000 and $5,000 per annum of CBA shares on a pre-tax basis (i.e. a salary sacrifice arrangement) from your base salary, annual bonus payment, or a combination of both.

Salary Sacrifice Childcare Fees

If eligible, you can salary sacrifice childcare costs incurred at one of our three Group nominated corporate childcare centres in the Sydney CBD and Sydney Olympic Park.

Commonwealth Bank Group Super

Exclusively for current and former employees and their spouses, Commonwealth Bank Group Super is an award-winning fund with over 65,000 members. Members can take advantage of lower fees and a choice of investment options.

Banking benefits

We are offered high quality employee banking, investments and insurance services.

We also receive a range of competitive special discounts and benefits that have been designed for employees only.

Service recognition

We recognise our long-standing employees, celebrating one, five and 20 year anniversaries.

BuyRight

We can take advantage of discounted prices across a number of different general lifestyle products and services, thanks to CommBank’s relationship with corporate suppliers.

Child Care Centres

CommBank offers priority access to a number of long day childcare places for children aged 0-5 years in nominated corporate child care centres. There are two centres in Sydney CBD and one at Sydney Olympic Park.

We are flexible

We encourage you to see work as just one part of your active, balanced lifestyle, with multiple flexible working arrangements and leave options to help you juggle your work and personal circumstances.

Additional leave

Over and above annual, sick and long service leave, we offer further options to eligible employees, such as parental leave, additional purchased annual leave, career breaks, carers leave, study leave, community service leave, compassionate leave and unpaid leave.

Working part-time

This benefit provides the flexibility to work fewer hours than a full-time job requires, while receiving pro rata full-time pay and conditions, such as annual leave entitlements.

Job sharing

This enables two team members to voluntarily occupy one role. Generally, the duties and responsibilities are shared, but there is no standard way of dividing the working week.

Flexible work arrangements

We can take advantage of flexible working hours, and work from home arrangements.

Purchasing leave

We can purchase up to four weeks of additional leave over a 12 month period, providing a regular income throughout the year.

We care

We offer support at all levels, and in many different ways. This includes: 

Employee Assistance Program (EAP)

All of us - and our immediate families - receive access to a short-term confidential counselling service. Our Employee Assistance Program is a professional, confidential short-term counselling service for permanent employees and their immediate families who face personal, family or employment related concerns. A manager hotline also provides advice to managers, team leaders and HR support.

Parents

We receive priority access to nominated childcare centres, as well as a fringe benefits tax exemption, through which we can salary sacrifice childcare costs from one of our nominated childcare centres. Through Work/Life Links, additional free support and information is available for parents seeking alternative childcare arrangements.

Nursing mothers

Our workplaces have Nursing Mothers’ Retreats for employees returning to work. They offer private, comfortable surroundings equipped with baby change facilities. These spaces are also available to visiting partners.

Caring for others

Through our association with Carers Australia, support is available for those of us with caring responsibilities. Work/Life Links also offers a range of services and information for employees providing care for family members with a disability or who are frail, aged or have a chronic condition.

We look after ourselves

We want to be as healthy and happy as possible, and lead balanced and productive lives. To achieve this, we provide several key benefits:

Private health insurance 

CBHS is a not-for-profit health fund that’s specifically for employees and our families. CBHS has been providing a range of health cover options with competitive rates and generous benefits exclusively to employees and their immediate family since 1951.

Workshops

We can access a range of health and wellbeing workshops covering topics such as stress management, exercise and fitness, nutrition, mental health and parenting. We are able to enrol in lifestyle programs, through online health and support tools, which provide a library of information on diet, nutrition, exercise, and mental and physical health.

Discounts and deals

Through ibuy, we can access a range of discounts on gym memberships and fitness equipment.

Mental Health Programs

Mental health, particularly depression, is an area of focus in CommBank’s diversity and wellbeing programs. We have entered into a partnership with The Black Dog Institute to deliver Effective Leadership in Mental Health programs. This program consists of workshops specifically designed for the workplace, and supporting information.

Global Corporate challenge

We participate in the world’s largest corporate health and wellbeing event.

This is a simple, team-based walking initiative combining exercise, fun, teamwork, friendly competition and ’virtual’ interactive experiences. Thousands of us participate every year. It’s a great way to lose weight, de-stress and feel better.

CommBank Sports Club

Every member of our team receives a Commonwealth Bank sports uniform, and CommBank will pay the registration fee for selected team events around the country. This club gives us the chance to participate in community and sporting events, and improve our fitness, under the one corporate banner.

Online resources

We have access to a range of online resources that relate to work and home, including articles on dealing with stress, taking care of our emotional health, alcohol consumotion, parenting and much more.

We grow

Through on-the-job learning, training courses and coaching, we’re continually improving our skills and services so that we can ensure our customers’ expectations are always exceeded.

Our training and development offering includes:

Numerous general career support initiatives and tools

We offer various sources of support - such as regular development discussions, training courses, on-the-job coaching and exposure, new vacancy listings, talent reviews, self discovery tools, tips and hints resources, induction programs, career models and mentoring opportunities. (Note: some of these are Group wide, some are Business Unit-specific and some may not be available in all areas.)

Tertiary study assistance

We offer the opportunity to obtain approval for up to 100% financial assistance and flexible leave to complete studies that will help you grow your career and develop in your current and/or future roles at CommBank.

Professional memberships

If you want to maintain a professional status, CommBank may help by providing assistance for certain professional memberships.

Educational scholarships for children

Scholarships are available to children of employees who are attending university.

CEO Awards

The CEO Awards program rewards and recognises top performers across CommBank – employees who consistently epitomise customer service excellence and live out our PACT and Leadership behaviours.

The benefit of talking

“In our roles we support people, businesses and communities, so I think it’s important that – as employees – we can enjoy and advocate for the services and products CommBank offers. There’s such a wide range of benefits that I probably don't take advantage of them all, however one service that does stand out is the Employee Assistance Program. 

“Available to everyone at CommBank, this service puts you in touch with someone to discuss any issues you may be having in your life, whether it’s related to work or not. I’ve used them and found talking to a professional very helpful as it gave me a fresh perspective and a different mindset to approach the challenge. It certainly enabled me to free up the headspace I needed to handle everything and meet some of the challenges life can throw up.” 

Sue Burt
Project Manager, Strategic Initiatives & Innovation

Benefits of talking

 

 

A better approach to being the best

Margaret Nassar joined CommBank over 17 years ago and has experienced many roles. Today, she’s an Executive Manager, Sales and Service Transformation.

“The development programs I’ve experienced aren’t a ‘tick the box’ exercise here.  There’s real thought given to what’s useful to me, and practical support to help me grow as an individual.

 “Every two to three years I’ve been able to change roles, continue to be challenged, and been given pieces of exciting and high profile work that’s made a mark on the organisation. I’ve changed careers twice, first from a learning and development path to a branch management path, and then to a systems and organisational transformation path. All without having to leave the bank. When you think about it, that’s pretty cool”, she says.

Margaret Nassar & collegaues
Margaret Nassar

“At one point one of my leaders said, “you’ve proven you can make real impacts on how our branches operate, but we’ve never seen whether you can manage a P&L”. It made me think about what else I wanted from my career and so I was given the opportunity, initially relieving an Area Manager for two weeks, but the assignments got longer. I had a lot of really good supporters who knew I could do it, and slowly helped me build the confidence that I could.  My first own P&L was a network of 15 branches and 180 people. That development experience is still one of the highlights of my career.”

Now Margaret is taking a career break, but has no concerns about her career, as this is one of many things that CommBank supports.

“I’m taking 14 weeks off work and travelling and I’m going to embrace every day. Right now I don't have a role to come back to, but I can trust my leaders here to continue helping me to find challenging roles that develop me and my career.”

Growing our business by supporting our people

Caleb Reeves

Caleb Reeves joined CommBank IT in 2004, as a systems analyst/technician. After working on several cross-departmental projects, Caleb moved across to the product area of the business.

“One of the best benefits I’ve enjoyed is the support for education. This is something that’s let me continue to do bigger and better things in my career.

I completed my MBA part-time and CommBank supported me, both financially and with time off. It was a big commitment for me while holding down a busy, full time job, but everyone was flexible – it was never a problem.

“As for my career now, it’s benefited me enormously, but I think it helps everyone else I work with: with the advice I give to staff, how I dissect problems and how I present the work of our team to leaders. It’s a benefit of working here that’s been very important to me and it’s made a big difference in achieving the future I want.”

Creating growth through opportunity

Rana Peries

“Pursuing opportunities is positively encouraged here. In 2006 I transferred to Hanoi in Vietnam with my family to be the Chief Information Officer of Vietnam International Bank which CommBank has a 20% share in…  It was a great personal as well as professional opportunity. It also opened the door for me to do more work in other overseas markets.”

Rana Peries
Head of IT Innovation and Digital Financial Services Asia

Sherry Zhu

“Even within the booming Chinese economy I recognised my own professional development required me to gain exposure to international experiences, and importantly, international networks…  CommBank has enabled me to achieve both of these by supporting my transfer from China on a one-year secondment to Australia.” 

Sherry Zhu
Executive Manager HR

Sarah Hall

“Following the birth of both of my children, I’ve been supported with equally challenging roles, and a four day working week.  I am still very busy, but there’s plenty of flexibility here for both my family and my career.”

Sarah Hall
Head of Operational Risk, Business & Private Bank

Read more about Sarah

How I benefit…

“As a true Scot I do love a bargain! I’ve used many of the employee benefits, from employee banking, discount cinema tickets and gym discounts, to flights to the UK and corporate deals for hotels.”

Susanne Heron
Manager Quality and Capability, Human Resources

“I can get a loan to pay for my yearly travel ticket. It’s not only cheaper, but it also means I don’t have the hassle of topping up every month.”

Mahend Reddy
Talent Acquisition Partner

“I get corporate rates for health clubs in Australia including Virgin, Fitness First, Goodlife Health Club, Anytime Fitness and SNAP Fitness.”

Melissa Harris
Strategy Specialist, Financial Services

“The movie tickets are my favourite. Cheap Tuesday everyday!”

Paul Martin
Senior Manager Regional Service Delivery, Wealth Management

“Credit cards with no annual fee is an excellent benefit.”

Majella Villahermosa
Senior Analyst Business Solutions, Financial Services

“Private Health Insurance deals through CBHS for CommBank employees.”

Eleni Kogias
Employee Benefits Analyst, Human Resources

Important information:

All employee benefits are subject to change (including withdrawal) by the Group at any time at its complete discretion. None of the above information should be construed as providing financial or tax advice to employees. If you are thinking of taking advantage of any of these benefits, you should consider whether you should obtain your own independent tax and/or financial advice.

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