TORONTO, April 14,
2023 /CNW/ - For the fourth year in a row,
Scotiabank is proud to be recognized as one of the Best Workplaces™
in Canada by Great Place to
Work®. In the last year, Scotiabank also earned
recognition globally as the only Canadian headquartered company and
only financial institution to be recognized as one of the top 25
World's Best Workplaces™.
The Best Workplaces™ in Canada
list is employee-driven, providing an overall portrait of workplace
culture through key trust-building dimensions including
credibility, respect, fairness, pride, and camaraderie.
"We strive to create a work culture where every employee can
belong and thrive, bringing their whole selves to work," said
Barb Mason, Group Head and Chief
Human Resources Officer. "Today, Scotiabank is stronger, more
diverse, and more inclusive than it ever has been, and this award
is a testament to the pride our employees have for the Bank, and in
what our teams have accomplished together."
As an employer of choice, Scotiabank is committed to
continuously evolving benefits and program offerings to meet the
diverse needs of its employee population, and creating a culture
where all employees feel supported, valued and accepted. Recent
investments the Bank has made in its people include:
- A new global standard for parental leave for employees in
Canada. The enhanced offering
includes 8 fully paid weeks for all parents welcoming a new child
and 8 additional fully paid weeks for parents who have given birth.
Recognizing that families are formed in different ways, the Bank
introduced coverage for fertility treatment, adoption, and
surrogacy benefits with a lifetime maximum of $10,000 each in 2022.
- Increased mental health benefits for employees and their
dependents in Canada from
$3,000 to $10,000 each in coverage services including
clinical counsellors, internet-based cognitive behavioural therapy,
psychologists and more.
- To support Indigenous employees who wish to participate in
cultural practices and events, five paid days off annually to
eligible employees in addition to regular vacation and personal
time. Indigenous employees can also now submit expenses related to
Indigenous healers and elders, Indigenous ceremony supplies, and
traditional medicine.
- Continuing to evolve employees' learning paths through its
Scotia Academy global learning platform, which caters to all levels
and career stages. In 2022, Scotiabank invested $73 million globally in employee training and
development, an average of 40.5 training hours per employee.
Scotiabank is committed to building a culture of allyship and
hosted its second annual allyship event for its 90,000 employees
across the Bank's footprint in January, highlighting examples of
allyship in action since the Bank renewed its Diversity and
Inclusion goals in 2020. Earlier this year, Scotiabank also
announced its inclusion in the Bloomberg Gender-Equality
Index for a sixth consecutive year, a market index that aims
to track the performance of public companies committed to
transparency in gender-data reporting.
Scotiabank was also recognized by Achievers as one of the Top 50
Most Engaged Workplaces for 2023, an award which recognizes top
employers that display leadership and innovation in engaging their
workplaces. Recognition is a key part of Scotiabank's culture and
acknowledging and celebrating wins is encouraged all year long.
Scotiabank's Applause platform is designed for employees to visibly
recognize — and be recognized by — their peers and colleagues for
living its culture and for exemplifying the Bank's values in their
daily work.
About the Best Workplaces™ in Canada
The 2023 Best Workplaces™ in Canada list is compiled by the Great Place to
Work® Institute. The competition process to be ranked on
this list is employee driven and represents multiple industries and
sizes of organizations. Seventy five percent of each organization's
score is based on confidential employee feedback, from the globally
recognized Trust Index® Survey. The remaining
twenty-five percent is based on quality, quantity and effectiveness
of the programs and policies which support their employees and
corporate culture. This study offers a rigorous representation of
the organization from an employee perspective, and an overall
portrait of the workplace culture. Together, they provide crucial
data relative to five trust-building dimensions: credibility,
respect, fairness, pride, and camaraderie.
This year's list captures the experience and sentiment
of 150,000 employees, rolling out to impact over 500,000
Canadian employees.
About Great Place to Work®
Great Place to Work® is the global authority on
high-trust, high-performance workplace cultures. It is a global
research and consulting firm with a mission to build a better
society by helping companies transform their workplaces. Great
Place to Work® provides the benchmarks, framework, and
expertise needed to create, sustain, and recognize outstanding
workplace cultures. In Canada,
Great Place to Work® produces both industry and
demographic specific Best Workplace™ lists. This is part of the
world's largest annual workplace study, which culminates in a
series of national lists in over 50 countries, including the
study's flagship list of 100 Best Companies published annually in
Fortune magazine.
Globally, this survey represents the voices of 11 million
employees, which are the primary determinant used in selecting
winners. There's only one way to get on this list – your employees
have to put you on it.
About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our
purpose: "for every future", we help our customers, their
families and their communities achieve success through a broad
range of advice, products and services, including personal and
commercial banking, wealth management and private banking,
corporate and investment banking, and capital markets. With a team
of over 90,000 employees and assets of over $1.3
trillion (as at January 31, 2023), Scotiabank trades on
the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange
(NYSE: BNS). For more information, please
visit http://www.scotiabank.com and follow us on Twitter
@Scotiabank.
SOURCE Scotiabank