TORONTO, Oct. 18,
2022 /CNW/ - Scotiabank is proud to be recognized as
one of the top 25 World's Best Workplaces™ by Great Place to Work®.
Scotiabank is the only Canadian headquartered company and only
financial institution to be recognized in the ranking. Earlier this
year, Scotiabank announced it had earned the recognition in several
countries where it operates, placing on the Best Workplaces™ lists
in Canada, Trinidad & Tobago, Panama, Colombia, Uruguay, Mexico, Dominican
Republic, Barbados and
Jamaica.
Great Place to Work is the only company culture award in the
world that selects winners based on how fairly employees are
treated. Companies are assessed on their ability to create a great
employee experience that cuts across race, gender, age, disability
status, or any aspect of employee identity or job role.
"We are delighted that we have been recognized by our employees
as one of the world's best workplaces," said Brian
Porter, President and CEO, Scotiabank. "We are especially
proud to be the only Canadian-based company and the only financial
institution to place on the ranking. This award demonstrates that
we have an outstanding culture and a winning team who feel both
supported and motivated to deliver for our customers and
communities across our footprint."
Throughout the last year, Scotiabank has announced new
initiatives and has received accolades for its commitment toward
supporting employees' total wellbeing, including:
- In celebration of World Mental Health Day last week, Scotiabank
was recognized with the Gold Standard Award from Excellence Canada
for creating a psychologically safe environment. As part of the
announcement, Scotiabank announced increased elder care support for
employees in Canada who are
caregiving for older family members, expanding the access to five
back-up childcare days per child annually to also include access to
five back-up days for elder care.
- The Bank expanded its mental health coverage from $3,000 to $10,000
for all eligible employees and their dependents in Canada, which includes services like clinical
counsellors, internet-based cognitive behavioural therapy,
psychologists and more.
- Scotiabank was named one of the "Best Places to Work for LGBTQ+
Equality" by the Human Rights Campaign (HRC) Foundation, achieving
a perfect 100 percent score on the HRC's most recent Corporate
Equality Index (CEI), a nationally-recognized benchmarking report
on corporate policies and practices in support of lesbian, gay,
bisexual, transgender and queer (LGBTQ+) workplace equality. In
fact, the Bank announced last week the extension of medical
benefits to same-sex partners in Barbados, the first financial institution to
do so in the country. The same industry-first move was made in
Trinidad & Tobago in
2021.
- Scotiabank announced a new global standard for parental leave
across its global footprint by 2025. 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. This
new standard has begun to be implemented in the majority of the 24
countries across the Bank's footprint including Latin America and the Caribbean. The standard will be fully
implemented in Canada and the
Asia-Pacific region in 2023.
About the World's Best
Workplaces™
Great Place to Work® selected the World's Best Workplaces™ by
gathering and analyzing confidential survey responses representing
14.8 million employees worldwide at Great Place to Work-Certified™
organizations. Organizations are assessed on their efforts to
create great workplaces and positively impact people and
communities across multiple countries around the world. Companies
must have appeared on at least five Best Workplaces lists in
Asia, Europe, Latin
America, Africa,
North America, or Australia during 2021 or early 2022, and have
at least 5,000 employees worldwide, with 40% outside of its
headquartered country. Read the full methodology.
About Great Place to
Work®
Great Place to Work® is the global authority on workplace
culture. Since 1992, it has surveyed more than 100 million
employees worldwide and used those deep insights to define what
makes a great workplace: trust. Their employee survey platform
empowers leaders with the feedback, real-time reporting and
insights they need to make data-driven people decisions. Everything
they do is driven by the mission to build a better world by helping
every organization become a great place to work For All™.
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