Verafin Inc.
New kitchen space at Verafin's offices

Recognized as one of Canada's Top 100 Employers (2018)

Here are some of the reasons why Verafin Inc. was selected as one of Canada's Top 100 Employers (2018), Canada's Top Family-Friendly Employers (2017) and Atlantic Canada's Top Employers (2017):

  • Verafin sets the bar a little higher for small- and medium-sized employers, offering new mothers and fathers maternity and parental leave top-up payments (to 75% of salary for 52 weeks) as well as a subsidy for in vitro fertilization when needed (to $5,000)
  • Verafin encourages employees to lead active, healthy lives with a generous subsidy for gym membership (to $2,000 annually)
  • Verafin's new head office was designed with employee feedback and features open concept pod-style seating, Skype stations throughout the office, kitchen areas that include free breakfast and snacks, and a fully stocked fridge for weekly "happy hours" on Fridays -- the building is also situated near a wooded area with trails, which inspired the creation of an employee snow-shoeing club that takes lunchtime treks
Verafin employees making pizzas while volunteering at Ronald McDonald House

Employer Background

Industry Custom Computer Programming Services
Established in Canada 2003
Major Canadian hiring locations St. John's NL, Toronto ON
Full-time employees in Canada 248
Full-time employees worldwide 259
Workforce engaged on a contract basis 12%
Average age of employees in Canada 33
Longest serving employee 14 years

Physical Workplace B+

Commuter amenities free parking, secure/sheltered bicycle parking
Workplace features recent head office renovations were completed with employee feedback through open forum meetings and features open concept, pod-style seating areas (no cubicles), white board walls, centralized common area for employee gatherings as well as common space for socializing or impromptu meetings, Skype stations from which employees can easily 'meet' from anywhere across the country, two kitchen areas, telecommuter workstations, self-serve lunchroom, outdoor barbecue
Employee lounge amenities comfortable seating, music, television, board games, room with a massage chair for employees to take a break, treadmill desk to engage the body and mind, fully stocked fridge for the weekly Friday afternoon happy hour
Snacks available free healthy snacks including breakfast cereals, popcorn, fresh fruit, granola bars, chips, chocolate and cookies
Other nearby amenities EmPower Fitness, Orange Theory, fitness club, wooded trail behind the building (employees even have their own snow-shoeing group), daycare, restaurants, shopping mall, Memorial University, St. John's Airport a short drive away

Work Atmosphere & Communications A+

Employee social committee name Verafin Party Planning Committee (est. 2003)
Recent social events evening Christmas party for employees and friends, a separate celebration for employees' children (which includes games, food, a bouncy castle and even a visit from Santa), quarterly team dinners, attendance at sporting events
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, company newsletter, traditional/email suggestion box, internal social media

Financial Benefits & Compensation B+

Outside salary surveys participates in outside salary surveys every 12 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 yes
Referral bonuses (max) new employee referral bonuses (up to $2,000) for some positions
Signing bonuses available for some positions

Health & Family-Friendly Benefits B+

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
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, duration of unpaid leaves of absence are also determined on an individual basis

Employee Engagement & Performance B+

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, recognition "tokens" to recognize colleagues for their excellent work (employees receive a $50 gift card and the company donates $50 to charity)
In-house survey period in-house surveys are conducted every 4 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
Annual tuition maximum employer pays up to $2,000 in tuition subsidies for job-related courses per year
Unrelated tuition maximum employer pays up to $2,000 in tuition subsidies per year for courses unrelated to current position

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 554 hours last year
Total number of charities supported last year approximately 20 charitable and community organizations were supported last year
Some of the community organizations supported Big Brothers Big Sisters, Ladies Learning Code, Easter Seals, Community Food Sharing Association, Good Life 4 Kids, Ronald McDonald House, Autism Society, Special Olympics Newfoundland-Labrador, School Lunch Association, Junior Achievement, Bridges to Hope, Canadian Blood Services, United Way, Walk With Me
Charitable giving matches employee donations
Community highlight Verafin's primary charitable focus is fighting financial crime and initiatives to support youth and education.

Recognized as one of Canada's Top Small & Medium Employers (2017)

Here are some of the reasons why Verafin Inc. was selected as one of Canada's Top Small & Medium Employers (2017):

  • Verafin cultivates an ownership culture through a share purchase plan (available to all employees) and rewards employees who help recruit candidates with generous referral bonuses of up to $2,000
  • Verafin offers a flexible "no limit" vacation policy, allowing employees to decide how much time off they need in any given year
  • Verafin invests in ongoing employee development with tuition subsidies for courses taken at outside institutions (up to $2,000 per year) and a range of in-house and online training options
Verafin employees

Highlights

Industry Custom Computer Programming Services
Established in Canada 2003
Major Canadian hiring locations St. John's NL, Toronto ON
Full-time employees in Canada 205
Full-time employee growth in the past year 8.5 %
Average age of employees in Canada 36
Longest serving employee 13 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
Unlimited vacation allowance offers a no-limit vacation policy
In-house training initiatives in-house training, online training, leadership training, paid internships
Performance recognition on-the-spot rewards, peer-to-peer recognition awards

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