Economical Mutual Insurance Company
Economical Mutual Insurance Company employees painting a mural for the YWCA

Recognized as one of Waterloo Area's Top Employers (2016)

Here are some of the reasons why Economical Mutual Insurance Company was selected as one of Waterloo Area's Top Employers (2016):

  • Economical Mutual Insurance Company encourages ongoing employee development through in-house and online training programs, financial bonuses for some course completions, career planning services, leadership training, subsidies for professional accreditation and full tuition subsidies for courses at outside institutions
  • Economical Mutual Insurance Company provides a variety of financial rewards including signing bonuses for some employees, year-end bonuses for all and referral bonuses for employees who successfully help to recruit a new candidate (to $2,500) -- the company also encourages employees to save for the future through a defined contribution pension plan and matching RSP contributions
  • Economical Mutual Insurance Company supports its new moms with maternity leave top-up payments (to 100% of salary for 8 weeks) and even provides a subsidy for in vitro fertilization (IVF) if required -- and helps employees balance their busy schedules with a variety of alternative work options once ready to return to work
Economical Mutual Insurance Company employees volunteering at the KidsAbility Radiothon
Economical Mutual Insurance executive accepting an Employee Engagement Award on behalf of the company
Economical Mutual Insurance Company employees

Highlights

Industry Direct Property and Casualty Insurance Carriers
Established in Canada 1871
Full-time employees in Canada 2,101
Part-time employees in Canada 40
Average age of employees in Canada 41.6
Longest serving employee 42.8 years
Long-term savings defined-contribution (DC) pension, matching RSP
Alternative work options flexible work hours, shortened work week (fewer hours with less pay), compressed work week, telecommuting
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job
Outside survey period outside consultant surveys are held every 36 months
In-house training initiatives in-house training, online training, leadership training, mentoring
Scope of charitable involvement local, national, employees are involved in selection of charities, employees receive paid time off to volunteer, (up to 2 paid days)

The Career Directory

Economical Mutual Insurance Company has been selected for The Career Directory, our guide to entry-level recruitment for recent college and university graduates.
Economical Mutual Insurance Company employees collaborating at work

Highlights for New Grads

Industry Direct Property and Casualty Insurance Carriers
Full-time employees in Canada 2,101
Part-time employees in Canada 40
Student opportunities summer jobs, co-op opportunities
Training subsidies for professional accreditation, orientation program, online training, in-house training, mentoring, in-house career planning services, leadership training
Typical new grad positions Administrative Assistant, Actuarial Analyst, Claims Assistant, Claims Representative, Underwriting Assistant, Underwriter, Software Developer, Financial Analyst, Customer Service Representative, Computer Programmer/Analyst, Accounting Clerk, Business Analyst
Starting salary $35K to $40K
Work perks tuition subsidies related to job, health benefits for new employees, flexible work hours, telecommuting
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job

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