TORONTO, April 26,
2024 /CNW/ - Scotiabank is proud to be recognized as
one of the Best Workplaces™ in Canada by Great Place to Work® for the fifth
consecutive year. The Best Workplaces™ in Canada list is employee-driven, providing an
overall portrait of workplace culture through attributes that
matter most to employees, like credibility, trust, respect,
fairness, pride, and camaraderie.
"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 Jenny
Poulos, Chief Human Resources Officer. "This recognition is
a testament to the pride that our employees have for the Bank, and
we will continue to build on the strong, inclusive culture we are
known for."
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 Canada
The 2024 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. List rankings are based on
employee feedback, which we analyze to determine the extent to
which this experience is shared by the full workforce. Great Place
To Work measures the differences in survey responses across
demographic groups and roles within each organization to assess
both the quality and consistency of the employee experience. Using
the Trust Index™ employee survey, we measure the core of what
creates great workplaces — key behaviors that drive trust in
management, connection with colleagues, and loyalty to the company.
Statements are weighted according to their relevance in describing
the most important aspects of an equitable workplace.
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 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'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 $1.4 trillion (as at January 31, 2024), 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 X @Scotiabank.
SOURCE Scotiabank
