"We strive to be the employer of choice by creating a workplace embedded with diversity and trust, where individuals can grow and develop their career," said
A key component to creating a standout employee experience and strong workplace culture is to meet the needs of Scotiabank's diverse employee population. Employee feedback is one element that shaped the recent investments the Bank has made to enhance the employee experience, which include:
- The introduction of the Bank's Global Inclusive Standards of Care for employee benefits to provide a more consistent experience for employees, with a focus initially on closing healthcare gaps for women and members of the 2SLGBTQIA+ community.
- A global standard for parental leave for employees across the Bank's footprint. The offering was enhanced for employees in
Canada in 2023 and provides 8 fully paid weeks for eligible parents welcoming a new child and 8 additional fully paid weeks for eligible parents who have given birth. - Recently increased fertility treatment coverage to a lifetime maximum of
$20,000 , in addition to$10,000 each for adoption and surrogacy coverage to support employees in their journey to become parents. - Ongoing investments to Diversity, Equity and Inclusion (DEI) efforts, including:
- The creation and hiring of the Bank's first VP of Global Inclusion, signifying the importance of continuing to prioritize DEI initiatives globally and progressing the organization forward on its inclusion journey.
- The introduction of new learning resources to support employees in using inclusive language and actions to create equitable work environments, as well as how to make inclusive hiring decisions, in addition the more than 450 DEI-specific learning resources available to all employees.
- The creation of the Global DEI Sponsorship Program, intended to develop the next generation of talent and increase retention by removing barriers to leadership advancement for employees from equity-deserving groups.
- Consistent events throughout the calendar year to build on the Bank's culture of allyship, educating employees globally on how to become better allies for each other, our clients and in the diverse communities we serve.
About the Best Workplaces™ in
The 2024 Best Workplaces™ in
This study offers a rigorous representation of the organization from an employee perspective, and an overall portrait of the workplace culture.
This year's list captures the experience and sentiment of 330,000 employees, rolling out to impact over 600,000 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
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's vision is to be our clients' most trusted financial partner, to deliver sustainable, profitable growth and maximize total shareholder return. Guided by our purpose: "for every future," we help our clients, 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 assets of approximately
SOURCE Scotiabank
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