Poor Pension, not as hybrid working as claimed - Otherwise Good Company - Anonymous employee NEXT Employee Review

3.0
Sep 13, 2024
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Base salary is fairly competitive, some of the additional benefits depending on role/grade are also quite good e.g. Management share options The Head Office bonus is also very good when the company outperforms it's targets Equality and Diversity is very strong, the company culture is also good.

Cons

The pension at Next is really poor. 3% Employer contributions on qualifying earnings (real terms that can be 2.5% of salary) Next do not pass on the NI savings made by AVCs Next do not match increased pension contributions - even though they would save more on NI if they did. More information is needed on wide claims there is regular benchmarking of salaries to the market. Moving from 1 to 2 days a week in the office despite significant unhappiness around this. Having 1 fixed and 1 flexible office day is not tenable for people with children

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NEXT Response
1y
Thank you for taking the time to provide such detailed feedback and for your dedication over the past 5-7 years. We're glad to hear you value the competitive base salary, benefits, and our focus on equality, diversity, and company culture. It’s also great to know that the Head Office bonus structure has been a positive aspect for you. We appreciate your constructive comments regarding our pension contributions and understand your concerns. Regarding hybrid working, we understand that balancing office days with personal responsibilities can be challenging. Your feedback on setting a more codified, flexible HR policy around hybrid working is noted, and we will look into how we can better support our employees, especially those with children. We also appreciate your point about transparency in salary benchmarking. We’ll review this to ensure our employees feel well-informed and confident about how we measure compensation. Thank you again for sharing your thoughts and for your continued commitment to NEXT.

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5.0
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Cons

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5.0
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Pros

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Cons

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