Employee Benefits

Rewards and benefits that work for you

Feel appreciated and empowered with something extra

Version 1 employees are values-led, forward-thinking and ambitious, with a curious and pioneering mindset. Delivering success for our customers means we know that true innovation in technology is driven by people. So, we think it’s only fair that we reward our people well with benefits and care that helps them springboard their skills, experience and commitment, and enables them to share in the benefits when Version 1 succeeds and grows.

Rewards and benefits

Benefits vary across global locations

Time away

Our employees get 24 days leave allowance plus national bank holidays. And for those who have personal goals and ambitions that they want to achieve outside of work, we offer up to 13 weeks of unpaid leave allowance too. We also offer additional types of leave for your moments that matter including wedding leave, parental leave, reproductive leave and special leave.

Success Scheme

Our Success Scheme is unique to us, enabling our people to be company shareholders. Points (which represent a shareholding) are accrued based on an individual’s time with us and these will be realised when we reach our next significant growth milestone. Through this programme, we ensure that by contributing to Version 1’s growth journey, employees will benefit from that growth.

Profit Share

Since 2011, Version 1 has paid a bonus every quarter. The scheme is designed to reward your performance and to recognise your positive impact on the business in any quarter, therefore, the better you perform, the higher your profit share amount!

Health and wellbeing

From day one you are eligible to join the company private healthcare plan and our healthcare partners offer preferential rates for family members too, for your peace of mind. We also know that there are twists and turns along the way in life that can sometimes mean you need extra emotional support and someone to listen.

Life assurance

Depending on your locality, from day one you are enrolled into a life assurance policy, giving you ultimate peace of mind, should the worst happen.

Pension

We encourage all employees to save for their future through our company pension scheme managed by Aviva. Under the Version 1 scheme, we will match your 5% contribution with a 5% contribution. Our scheme operates through salary sacrifice, enabling additional tax savings, with the option to contribute more if you wish.

Private Healthcare

Our employees in the UK & NI have access to private healthcare provided by Bupa. With this, you will also get access to Bupa Digital GP & 24hr helpline to experience counsellors. Version 1 will cover the full cost of your premium and there is no excess to pay on any claims made. You can also add your spouse and children (Under 24) at a discount.

Salary Sacrifice Schemes

Electric Car Scheme Partnering with Octopus to introduce a salary sacrifice lease scheme to save you money on a brand‑new electric car. Cycle Scheme Allowing you to obtain a new bike through tax‑efficient salary sacrifice, typical saving of 26%–40% on bikes.

Success Scheme

Mental & Physical Health

Keep fit with access to online and/or onsite fitness classes. You, your partner, and dependents over 16 have access to our Employee Assistance Programme through Spectrum Life. We like to socialise with quarterly company‑wide engagement events and local buzz events.

Life Assurance

We want to give you and your loved one’s peace of mind, and so by joining Version 1 you’ll automatically receive life assurance at a minimum of 2× your annual salary.

Wrkit Employee Discounts

Version 1 has partnered with Wrkit to launch its discount platform to employees globally. Users can enjoy great savings on day‑to‑day products, as well as discounts and savings through vouchers, cashback, e‑codes and more.

Mind Your Eyes & Gym Discounts

We spend a lot of time looking at screens. Therefore, we ensure that our people have the support needed from a vision perspective. We offer Specsavers Eye Care Vouchers providing you with a VDU eyes and basic lenses (if needed) at no cost. We are also part of the MyGymDiscounts, a portal which offers discounts ~25% off memberships across UK.

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