Laurentian Bank of Canada
'The Illuminated Crowd,' an iconic sculpture by artist Raymond Mason, features prominently outside the Laurentian Bank Tower   (Photo credit: PAUL DUCHARME)

Recognized as one of Montreal's Top Employers (2016)

Here are some of the reasons why Laurentian Bank of Canada was selected as one of Montreal's Top Employers (2016):

  • Laurentian Bank supports employees who are new mothers with maternity leave top-up payments (to 100% of salary for 18 weeks) and offers an option to extend their leave into an unpaid leave of absence
  • Laurentian Bank maintains a flexible health benefits plan, allowing employees to customize levels of coverage to suit their personal needs and transfer unused credits to additional salary or savings
  • Laurentian Bank offers all of its employees the option to become company shareholders with a share purchase plan, also providing additional financial benefits including signing bonuses for some positions and generous referral bonuses for employees who successfully refer a candidate (to $3,000)
Laurentian Bank of Canada employees at the bank's employee Recognition Awards   (Photo credit: PAUL DUCHARME)

Highlights

Industry Banking
Established in Canada 1846
Publicly traded yes
Major Canadian hiring locations Montréal QC, Toronto ON
Full-time employees in Canada 3,504
Part-time employees in Canada 513
Average age of employees in Canada 41.69
Longest serving employee 52.11 years
Long-term savings defined-benefit (DB) pension, defined-contribution (DC) pension, matching RSP
Health plan premium as part of the health plan, the employer pays up to 100% of the premiums
Alternative work options flexible work hours, shortened work week (fewer hours with less pay), compressed work week, telecommuting
Vacation allowance new employees receive 2 weeks of paid vacation after their first year on the job
Outside survey period outside consultant surveys are held every 12 months
Employee performance reviews employees receive individual performance reviews every 6 months
In-house training initiatives apprenticeship/skilled trades programs, in-house training, online training, leadership training, mentoring, paid internships
Scope of charitable involvement local, national
Employee charitable involvement employees are involved in selection of charities

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