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Great-West Life Assurance Company, The
Great-West Life employees

Recognized as one of Canada's Top 100 Employers (2017)

Here are some of the reasons why Great-West Life Assurance Company, The was selected as one of Canada's Top 100 Employers (2017) and Manitoba's Top Employers (2017):

  • Great-West Life encourages ongoing employee development through in-house training programs (including apprenticeship opportunities), tuition subsidies for courses taken at outside institutions (including general interest courses) and subsidies for professional accreditation
  • Great-West Life takes a holistic approach to employee well-being through a wellness spending account that can be used for mental health, physical health and fitness related activities, and offers subsidized access to an impressive onsite fitness facility at its head office
  • In addition to helping employees save for the future, Great-West Life offers retirement planning assistance, phased-in work options and health benefits that extend to retirees (with no age limit)
Great-West Life employees meet to collaborate

Employer Background

Industry Direct Life Insurance Carriers
Publicly traded yes
Parent company Great-West Lifeco Inc.
Parent company head office Winnipeg MB
Major Canadian hiring locations Winnipeg MB, London ON, Toronto ON, Montréal QC, Regina SK
Full-time employees in Canada 10,938
Part-time employees in Canada 416
Workforce engaged on a contract basis 4.69%
Average age of employees in Canada 42
Longest serving employee 45 years

Physical Workplace A+

Commuter amenities subsidized parking
Workplace features located adjacent to the province's legislative grounds, the head office includes 3 main buildings and features a conference centre, a large pyramidal skylight, rotating artwork on display along the cafeteria walkway, professionally landscaped grounds, telecommuter workstations, nap room, religious observance room, self-serve lunchroom, outdoor barbecue, outdoor patio
Employee lounge amenities comfortable seating, television, hundreds of tropical and seasonal plants throughout the office, original artwork adorns the walls with display space dedicated for artwork by employee artists through the in-house art club
Onsite cafeteria healthy menus, subsidized meals, in-house Tim Hortons, cafeteria offers seating for 600 people, for employees only, subsidized membership, treadmills, stationary bikes, stairmasters, instructor-led classes (kickboxing, yoga, belly dancing, karate, step, pilates, core, weights, Fit2Box), rowing machines, weights, shower facilities, spa-like experience, accessible during the workday and after hours
Other nearby amenities Granite Curling Club, fitness club, Assiniboine River and Red River walkway (and skating in the winter), restaurants, shopping mall, Winnipeg Art Gallery, Centennial Concert Centre, Gas Light Theatre, Forks Market, Canadian Museum for Human Rights, MTS Centre, trendy Osborne Village neighbourhood

Work Atmosphere & Communications A

Employee social committee name Great-West Life Social Club (est. decades ago)
Recent social events Festive Feast Christmas lunch, children's Christmas party, summer barbecue, home team boosters (in support of their NHL teams), employee sports leagues and tournaments, including hockey, curling, soccer, volleyball and golf
Cultural aspects employee sports teams, business casual dress, music while working
Employee communications intranet site, traditional/email suggestion box
Other in-house communications The Answer Program (TAP) confidential online feedback program

Financial Benefits & Compensation B+

Financial benefits note Great-West Life has multiple employee groups, financial benefits may vary by position
Outside salary surveys participates in outside salary surveys every 12 months
Employee salary reviews individual salaries are reviewed every 12 months
Long-term savings defined-contribution (DC) pension
Long-term planning retirement planning assistance, phased-in retirement work options, life & disability insurance
Share purchase plan available to all employees
Signing bonuses available for some positions
Additional financial benefits subsidized home insurance, subsidized auto insurance

Health & Family-Friendly Benefits B+

Health plan premium as part of the health plan, the employer pays up to 70% of the premiums
Flexible coverage health plan is flexible with adjustable premiums and coverage levels
Minimum hours worked for coverage 15 hours per week
Waiting period there is no waiting period for coverage
Family coverage option yes
Retiree coverage with no age limit yes
Dental coverage routine, restorative, orthodontics
Traditional coverage (e.g. prescription drugs) yes
Additional coverage employee assistance (EAP) plan, semi-private hospital room, physiotherapy, medical travel insurance, medical equipment and supplies, massage therapy, nutrition planning, podiatrist, osteopathy, chiropractor, alternative coverage (e.g. accupuncture, naturopathy)
Wellness spending account up to $500 each year
Other health plan information wellness account for additional health support, fitness or personal interest expenses ($300 for employees working at office location with onsite fitness facility, $500 for those without)
Maternity top-up (mothers) up to 100% of salary for 15 weeks
Alternative work options flexible work hours, shortened work week (fewer hours with less pay), compressed work week, telecommuting
Additional family-friendly information offers maternity top-up payments (for 15 weeks) to the EI maximum annual salary or $48,600, also extends the same parental leave top-up payments (for 10 weeks) for new fathers and adoptive parents

Vacation & Personal Time-Off B-

Vacation note Great-West Life has multiple employee groups, vacation policies may vary by position
Vacation allowance new employees receive 2 weeks of paid vacation after their first year on the job
Vacation jump vacation increases after 2 years of employment
Maximum vacation allowance employees move to a maximum of 5 weeks of vacation over their career
Personal paid days off employees can schedule 2 personal days off each year, as needed
Unpaid leave of absence option yes
Additional time-off information varying by position, some employees can take advantage of personal paid days off, management employees start with 4 weeks of vacation

Employee Engagement & Performance A

Employee performance reviews employees receive individual performance reviews every 6 months
Managers receive performance review training yes
360° feedback option as part of the review process, performance feedback is also solicited from co-workers and other managers familiar with each employee's work
Confidential employee feedback employees can also provide confidential feedback on their manager's performance
Exit interview exit interview option is available for departing employees
Performance recognition individual performance bonuses, peer-to-peer-recognition awards, long-service awards, tailored and unique rewards (i.e. travel)
In-house survey period in-house surveys are conducted every 24 months
Outside survey period outside consultant surveys are held every 24 months

Training & Skills Development A+

Career planning in-house career planning services
In-house training initiatives apprenticeship/skilled trades programs, in-house training, online training, paid internships, subsidies for professional accreditation
Tuition subsidies (related to job) yes
Tuition subsidy coverage employer covers up to 100% of tuition per year
Annual tuition maximum employer pays up to $2,000 in tuition subsidies per year
Tuition subsidies (unrelated to job) yes
Unrelated tuition subsidy coverage employer covers up to 100% of non-related tuition per year
Unrelated tuition maximum employer pays up to $2,000 in tuition subsidies per year
Unique training & development programs rotational programs for students completing their actuarial or accounting designation

Community Involvement A

Scope of charitable involvement local, national
Employee charitable involvement employees are involved in selection of charities, employees receive paid time off to volunteer
Total number of charities supported last year approximately 900 charitable and community organizations were supported last year
Some of the community organizations supported Canadian Mental Health Association, Canadian Institute for Advanced Research, Parachute (injury prevention), Hockey Helps the Homeless (national sponsor), Pollution Probe, International Institute for Sustainable Development, Frontier College, ABC Life Literacy Canada, United Way/Centraide Canada
Community highlight Great-West Life's charitable focus includes support for projects that support arts and culture, community development, education, health and wellness, and social services. Great-West Life is a designated Imagine Caring Company.

Recognized as one of Canada's Top Employers for Young People (2016)

Here are some of the reasons why Great-West Life Assurance Company, The was selected as one of Canada's Top Employers for Young People (2016):

  • Great-West Life manages a scholarship and work placement program in partnership with University of Winnipeg for Business Administration or Economics students -- additionally, actuarial and CA students working at Great-West Life may have opportunity to rotate departments or cities, including London, Toronto, Winnipeg
  • Great-West Life recruits second and third year accounting students from the University of Manitoba who are interested in pursuing the CPA designation and offers 4-month co-op and summer placements
Great-West Life employees volunteering with Habitat for Humanity

Highlights

Industry Direct Life Insurance Carriers
Major Canadian hiring locations Winnipeg MB, London ON, Toronto ON, Montréal QC, Regina SK
Full-time employees in Canada 10,224
Student opportunities summer jobs, co-op opportunities
Tuition subsidies (related to job) yes
Annual tuition maximum employer pays up to $2,000 in tuition subsidies per year
Career development in-house training, online training, in-house career planning services, leadership training, apprenticeship/skilled trades programs
Vacation allowance new employees receive 2 weeks of paid vacation after their first year on the job

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