Verafin Inc.
Verafin employees collaborating at one of the head office's 'pod' workstations

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

Here are some of the reasons why Verafin Inc. was selected as one of Canada's Top 100 Employers (2017), Canada's Top Family-Friendly Employers (2016) and Atlantic Canada's Top Employers (2016):

  • Verafin is part of a growing group of small- and medium-sized employers that are introducing flexible "no-limit" vacation policies, letting employees decide how much time they need in any given year
  • Verafin offers employees a unique open-concept work environment that features small fitness stations throughout (with yoga mats, weights, exercise balls, chin-up bars and skipping ropes, employee-led yoga and aerobics classes) and a Friday afternoon beer cart that travels around the office delivering libations to celebrate the end of the week
  • Verafin sets the bar a little higher for small- and medium-sized employers, offering new mothers and fathers (including adoptive parents) maternity and parental leave top-up payments (to 75% of salary for 17 weeks) as well as a subsidy for in vitro fertilization when needed (to $5,000)
Verafin employees holding an outdoor meeting

Employer Background

Industry Custom Computer Programming Services
Major Canadian hiring locations St. John's NL
Full-time employees in Canada 205
Full-time employees worldwide 212
Workforce engaged on a contract basis .01%
Average age of employees in Canada 36
Longest serving employee 13 years

Physical Workplace B+

Commuter amenities car-pool sign-up program, free parking, secure/sheltered bicycle parking
Workplace features head office offers a view of historic Signal Hill and is only minutes from the city's bustling downtown, open-concept environment with pod-style seating arrangements, whiteboards for brainstorming and team problem solving, 3 kitchens and 1 kitchenette, telecommuter workstations, self-serve lunchroom, outdoor barbecue
Employee lounge amenities comfortable seating, music, television, board games, beanbag chairs and bar stool seating areas around the office, quiet room, unique Dr. Who TARDIS phone booth style meeting room, Skype stations
Snacks available daily snacks, from pizza to sandwiches to cookies and cake (small donations for charity accepted), a full-sized beer and wine fridge for Friday afternoon happy hour
Onsite fitness facility for employees only, small fitness stations set up throughout, such as yoga mats, free weights and exercise balls (some employees teach yoga and aerobics at lunch) and shower facilities
Other nearby amenities YMCA, The Works, fitness club, Pippy Park, daycare, restaurants, shopping mall, Memorial University, St. John's Airport

Work Atmosphere & Communications A

Employee social committee name Verafin Party Planning Committee (est. 2003)
Recent social events quarterly family social and sporting events, Halloween party, summer barbecues, sporting events, new business and product release celebrations, evening Christmas party for employees with a separate celebration for employees' children (which also included a private screening of the new Star Wars movie for a small donation to the company's charitable fund), quarterly team dinners and lunches, recent celebrations for the company's 13th anniversary with a private screening of Batman Versus Superman at a local theatre followed by a company pig roast
Cultural aspects employee sports teams, casual dress (e.g. jeans) daily, music while working, can bring pets to work when needed
Employee communications intranet site
Other in-house communications in-house Chatter social media platform for employees

Financial Benefits & Compensation B+

Outside salary surveys participates in outside salary surveys every 6 months
Employee salary reviews individual salaries are reviewed every 12 months
Long-term savings matching RSP
Long-term planning life & disability insurance
Share purchase plan available to all employees
Referral bonuses new employee referral bonuses (up to $2,000) for some positions
Signing bonuses available for some positions
Additional financial benefits discounted banking services from RBC (the firm's RRSP provider)

Health & Family-Friendly Benefits A

Health plan premium as part of the health plan, the employer pays up to 50% of the premiums
Minimum hours worked for coverage 25 hours per week
Waiting period there is no waiting period for coverage
Family coverage option 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, homecare, medical equipment and supplies, massage therapy, nutrition planning, podiatrist, osteopathy, chiropractor, alternative coverage (e.g. accupuncture, naturopathy)
Fitness club subsidy up to $2,000 each year
In vitro fertilization (IVF) $5,000 per lifetime
Maternity top-up (mothers) up to 75% of salary for 52 weeks
Parental top-up (fathers) up to 75% of salary for 52 weeks
Adoption top-up up to 75% of salary for 52 weeks
Alternative work options flexible work hours, 35-hour work week (with full pay), shortened work week (fewer hours with less pay), compressed work week, telecommuting

Vacation & Personal Time-Off A+

Unlimited vacation allowance offers a no-limit vacation policy
Personal paid days off employees can schedule 10 personal days off each year, as needed
Unpaid leave of absence option yes
Additional time-off information offers a unique no-limit vacation policy where paid vacation is unlimited and determined on a case-by-case basis, the duration of unpaid leaves of absence are also determined on an individual basis

Employee Engagement & Performance A+

Employee performance reviews employees receive individual performance reviews every 3 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 on-the-spot rewards, peer-to-peer-recognition awards, numerous smaller recognition awards (from ice-cream to evening dinners), quarterly recognition cards for displays of the best company values (employees receive a $50 gift card and the company donates $50 to charity), gift certificates and prize giveaways (best parking spot and car washes by the executive team) for various challenges
In-house survey period in-house surveys are conducted every 3 months
Outside survey period outside consultant surveys are held every 12 months

Training & Skills Development A

Career planning in-house career planning services
In-house training initiatives in-house training, online training, leadership training, paid internships
Tuition subsidies (related to job) yes
Annual tuition maximum employer pays up to $2,000 in tuition subsidies per year
Tuition subsidies (unrelated to job) yes
Unrelated tuition maximum employer pays up to $2,000 in tuition subsidies per year

Community Involvement A

Scope of charitable involvement local, national, international
Employee charitable involvement employees are involved in selection of charities, employees receive paid time off to volunteer
Total employee volunteer hours (on company time) over 728 hours last year
Total number of charities supported last year approximately 35 charitable and community organizations were supported last year
Some of the community organizations supported Junior Achievement, Ladies Learning Code (industry outreach initiative), Genesis Centre (local business incubator), Thrive, Choices for Youth, NL Crime Prevention Committee, Ronald McDonald House, NL Blood Services, SPCA, Big Brothers Big Sisters, Memorial University
Charitable giving matches employee donations
Community highlight Verafin maintains an employee-led charitable team called VeraCares, comprised of employees from across the organization who solicit feedback from colleagues and decide which charitable organizations to support during the year.

Recognized as one of Canada's Top Small & Medium Employers (2016)

Here are some of the reasons why Verafin Inc. was selected as one of Canada's Top Small & Medium Employers (2016):

  • Verafin employees work in an open concept environment office that features small fitness stations throughout, including yoga mats, weights, exercise balls, chin-up bars and skipping ropes -- and even employee-led yoga and aerobics classes available
  • Verafin offers new mothers and fathers, including adoptive parents, maternity or parental leave top-up payments (to 75% of salary for 17 weeks) and even provides a subsidy for in vitro fertilization when needed (to $5,000)
  • Verafin offers a flexible "no limit" vacation policy, letting employees balance their work responsibilities and decide how much time they need in any given year
Verafin employees at a charity event

Highlights

Industry Custom Computer Programming Services
Established in Canada 2003
Major Canadian hiring locations St. John's NL
Full-time employees in Canada 189
Part-time employees in Canada 1
Average age of employees in Canada 35
Longest serving employee 12 years
Long-term savings matching RSP
Health plan premium as part of the health plan, the employer pays up to 50% of the premiums
Alternative work options flexible work hours, 35-hour work week (with full pay), shortened work week (fewer hours with less pay), compressed work week, telecommuting
In-house training initiatives in-house training, online training, leadership training, mentoring, paid internships

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