TORONTO, Oct. 12,
2022 /CNW/ - In celebration of World Mental Health
Day, Scotiabank is proud to be recognized with the Gold Standard
Award from Excellence Canada for creating a psychologically safe
environment. Scotiabank is committed to being a workplace that
promotes psychological well-being and actively works to prevent
harm to employee's psychological health.
"World Mental Health Day provides an opportunity for us to
listen and reflect on the importance of the mental health and
wellbeing for all of our employees. The recognition from Excellence
Canada is a proud moment for us as an employer, recognizing the
culture we strive to create for employees," said Barb Mason,
Group Head and Chief Human Resources Officer, Scotiabank. "By
supporting and empowering employees to take care of their mental
health and wellbeing, and speak up about how they're feeling, we're
creating a workplace where everyone can thrive."
For World Mental Health Day, and every day of the year,
Scotiabank is committed to supporting the mental health and
wellbeing of employees through a number of resources and programs
including:
- Scotiabank has made significant strides to strengthen
mental health services under the Canadian Benefits
Plan, increasing fully Bank-paid coverage from $3,000 to $10,000
for employees in Canada, and their
eligible dependents, this year.
- Enhanced Support for Caregiving: Scotiabank has
increased elder care support for employees in Canada who are caregiving for older family
members knowing that this can be accompanied by a unique stress.
Currently, employees have access to five back-up childcare days per
child annually. This offering has been expanded allowing employees
to also access five back-up days for elder care.
- Scotiabank is continually increasing the availability of
psychological services, such as 24/7 helplines or individual
consultations, at no cost for employees, through various channels,
across the Bank's global footprint.
- New Global Standard for Parental Leave: To give
employees and their families more time together as they start or
grow their families, Scotiabank announced a new global minimum
standard for parental leave in early 2022. This includes eight
fully paid weeks for all parents with a new child and eight
additional fully paid weeks for parents who have given birth. The
standard is being implemented across our footprint by 2025. Many
countries have already begun implementing, and in Canada, this will go into effect in 2023.
- Mental Health Courses, Webinars, and Workshops:
Employees have access to a variety of educational opportunities
aimed at improving their mental health and well-being. From
emotional intelligence and resiliency to stress management and
dealing with the new normality, thousands of employees globally
have learned valuable tools from top experts in each of their
countries. These learning opportunities are underpinned by a host
of digital resources such as internal guides, newsletters, posters,
and videos distributed regularly to
employees.
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 approximately $1.3
trillion (as at July 31,
2022), 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
@ScotiabankViews.
SOURCE Scotiabank