Lloyds TSB has signed a multi-million pound outsourced payroll deal with human resources services provider Ceridian.
The agreement covers Lloyds TSB’s 98,000 staff and pensioners in the UK, and extends the existing seven-year relationship with Ceridian for a further five years.
Teams based in Bristol and Birmingham will deliver the service for Lloyds TSB.
Bernard O’Driscoll, group HR services director at the bank, said: “Ceridian’s dual emphasis on cost-management and superlative service matches our own ambitions for HR services supporting achievement of our business goals.”
Doug Sawers, managing director of Ceridian in the UK, said: “To have worked with Lloyds TSB through a highly competitive re-bid process and come out again as its first choice is a reflection of the effort and expertise our people have brought to this partnership over the past seven years.”