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Fidelity Canada
Fidelity Canada employees enjoy a musical performance at a special diversity event  

Recognized as one of Canada's Top 100 Employers

Here are some of the reasons why Fidelity Canada was selected as one of Canada's Top 100 Employers (2019), Canada's Top Family-Friendly Employers (2018) and Greater Toronto's Top Employers (2018) :

  • Fidelity Canada manages a unique "Voice of the Employee" innovation program to encourage employee feedback and awards up to $2,000 for suggestions that are implemented by the company
  • Fidelity Canada supports employee efforts to give back to their communities, recently increasing the number of paid days off to volunteer from 1 to 2 days annually -- and matches volunteer hours with company donations of $150 for every 10 hours volunteered
  • Fidelity Canada offers exceptional maternity and parental leave top-up payments for new mothers and fathers (including adoptive parents), to 100% of salary for up to 25 weeks
Fidelity Canada employees celebrate the Lunar New Year at a special diversity event  

Employer Background

Industry Portfolio Management
Established in Canada 1987
Parent company head office Boston, MA, United States
Major Canadian hiring locations Toronto ON, Montréal QC, Vancouver BC, Calgary AB
Full-time employees in Canada 995
Part-time employees in Canada 4
Full-time employees worldwide 45,000
Workforce engaged on a contract basis 7.8%
Average age of employees in Canada 38.4 years
Longest serving employee 28 years

Physical Workplace Rating: A

Commuter amenities online car-pool sign-up, electric vehicle charging stations, secure/sheltered bicycle parking
Workplace features Fidelity's Toronto office is certified LEED Gold and was recently renovated to feature large training rooms, adjustable workstations and a new lunchroom, the building is directly connected to CF Toronto Eaton Centre as well as the city's extensive underground PATH walking network, providing convenient access to the subway and the UP Express to Pearson Airport, inside, the workplace features a new "Hydration Centre" lunchroom, offering a variety of healthy food options, comfortable seating with iPads, open seating with exposed ceilings and a menu that spans breakfast and lunch options, nap room, religious observance room, outdoor patio, self-serve lunchroom, discounts at local restaurants
Employee lounge amenities comfortable seating, music, television, board games
Snacks available fresh fruit, snacks and meals provided regularly to employees who work through lunch or overtime hours
Onsite fitness facility shared-use facility, subsidized membership, treadmills, stationary bikes, stairmasters, instructor-led classes (body pump), rowing machines, weights, shower facilities, Calgary office features an onsite gym, Montréal office offers access to a skating rink in the winter
Other nearby amenities Toronto Central Grosvenor Street YMCA, fitness club, Trinity Square Park, daycare, restaurants, Nathan Phillips Square (with a popular summer farmer's market), Yonge-Dundas Square, CF Toronto Eaton Centre

Work Atmosphere & Communications Rating: A

Employee social committee name multiple departmental groups operating since 2000
Recent social events summer barbecue, holiday party, family day at Canada's Wonderland, evening holiday party during the Christmas season (includes dinner and great prize giveaways), end of RSP season celebration and a variety of special and seasonal celebrations throughout the year
Cultural aspects employee sports teams, business casual dress, casual dress (e.g. jeans) daily, casual dress Fridays, music while working, concierge services available, organized social activities for retirees
Employee communications intranet site, traditional/email suggestion box, internal social media
Other in-house communications company town hall meetings that are broadcast through an in-house network called Fidelity Canada TV, quarterly talks with senior leadership

Financial Benefits & Compensation Rating: B+

Outside salary surveys participates in outside salary surveys every 6 months
Employee salary reviews individual salaries are reviewed every 6 months
Long-term savings non-matching RSP
Long-term planning retirement planning assistance, phased-in retirement work options, life & disability insurance
Profit-sharing plan available to all employees
Year-end bonuses available to all employees
Referral bonuses (max) new employee referral bonuses (up to $2,000) for some positions
Signing bonuses available for some positions
Additional financial benefits subsidized home insurance, subsidized auto insurance, low-interest home loans, discounted auto lease rates

Health & Family-Friendly Benefits Rating: A

Health plan note Fidelity Canada has multiple employee groups, health plans may vary by position
Health plan premium as part of the health plan, the employer pays up to 100% of the premiums
Minimum hours worked for coverage 24 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
Other health plan information 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 $360 each year
Additional health and wellness information online Wellness Calendar with a variety of health-related resources, dedicated "Mindfulness Program" that features weekly 15-minute sessions
In vitro fertilization (IVF) $15,000 per lifetime
Maternity top-up (mothers) up to 100% of salary for 25 weeks
Parental top-up (fathers) up to 100% of salary for 25 weeks
Adoption top-up up to 100% of salary for 25 weeks
Additional family-friendly benefits extended parental leave to unpaid leave
Alternative work options flexible work hours, shortened work week (fewer hours with less pay), telecommuting, reduced summer hours, earned days off program

Vacation & Personal Time-Off Rating: A

Vacation allowance new employees receive 3 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
Previous experience considers previous work experience when setting annual vacation for new employees
Personal paid days off employees can schedule 3 personal days off each year, as needed
Unpaid leave of absence option yes
Self-funded/deferred salary leave yes

Employee Engagement & Performance Rating: A+

Employee performance reviews employees receive individual performance reviews every 12 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, on-the-spot rewards, peer-to-peer recognition awards, long-service awards, tailored and unique rewards (i.e. travel), "Voice of the Employee" innovation program (cash rewards of up to $2,000 for employee suggestions implemented by the company), dedicated leadership awards for managers, "iCare" awards for excellent client service, long-service awards luncheons hosted at premier locations such as Toronto's popular Canoe restaurant
In-house survey period in-house surveys are conducted every 4 months
Outside survey period outside consultant surveys are held every 18 months

Training & Skills Development Rating: A

Career planning in-house career planning services, online employee skills inventory
In-house training initiatives mentoring, in-house training, online training, leadership training, paid internships, subsidies for professional accreditation, mentoring to transfer retirees' skills
Related tuition subsidies employer covers up to 100% of tuition per year
Unrelated tuition subsidies employer covers up to 100% of tuition per year for courses unrelated to current position
Financial bonuses for course completions yes
Unique training & development programs formal onboarding and orientation program, leadership development programs, formal "Manager Peer Network Group" program, secondment opportunities that allow employees to try out different roles periods ranging from 3 to 14 months, financial bonuses for course completion range from $300 to $2,000

Community Involvement Rating: 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, (up to 2 paid days)
Total employee volunteer hours (on company time) over 2,510 hours last year
Total number of charities supported last year approximately 890 charitable and community organizations were supported last year
Some of the community organizations supported United Way, Daily Bread Food Bank, Food4Kids, Pink Shirt Day, Scientists in School, Asthma Society of Canada, Hospital for Sick Children Foundation, Canadian Cancer Society, Canadian Concussion Centre, Junior Achievement, Holland Bloorview Kids Rehabilitation Hospital, Capes for Kids, Bay Street Hoops
Charitable giving matches employee donations, matches employee volunteer hours with company donations
Community highlight In response to employee feedback on where the company should direct its charitable efforts, Fidelity Canada adopted a focus on youth and education initiatives. This process was the first step in establishing the highly successful partnership with the Boys and Girls Clubs of Canada, spanning over 15 years. Fidelity Canada and its parent company also support the longstanding Fidelity Foundation, which has donated over $300-million to non-profit organizations across Canada and the United States.

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

Here are some of the reasons why Fidelity Canada was selected as one of Canada's Top Employers for Young People (2018):

  • Fidelity Canada manages a dedicated 4-month student program to help students develop a wide range of professional skills -- the program includes skills development workshops, information sessions, Q&A with the President, opportunities to volunteer with charitable organizations Fidelity supports, opportunities to job shadow up to 3 different departments, and participation in sporting and social events
  • Additionally, Fidelity Canada offers a generous Work Relocation Program to help students cover moving costs if relocating for a co-op placement to the organization's Toronto, Vancouver, Calgary or Montréal offices
Fidelity Canada's employee resource group Women's Leadership Group (WLG) celebrating International Women's Day  

Highlights

Industry Portfolio Management
Major Canadian hiring locations Toronto ON, Montréal QC, Vancouver BC, Calgary AB
Full-time employees in Canada 891
Student opportunities summer jobs, co-op opportunities
Related tuition subsidies employer covers up to 100% of tuition per year
Annual tuition maximum employer pays up to $2,132 in tuition subsidies for job-related courses per year
Career development in-house training, online training, in-house career planning services, mentoring, leadership training, online employee skills inventory
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job
Unique initiatives scholarship program for co-op students, tuition assistance for recent hires who graduated in the past year (to a maximum of $1,500 for employees who stay with the company for 3 years)

The Career Directory

Fidelity Canada has been selected for The Career Directory, our guide to entry-level recruitment for recent college and university graduates.
Fidelity Canada summer students supporting the Boys and Girls Clubs of Canada

Highlights for New Grads

Industry Portfolio Management
Full-time employees in Canada 750 to 1,000
Parent company head office Boston, MA, United States
Major Canadian hiring locations Toronto ON, Montréal QC, Vancouver BC, Calgary AB
Student opportunities paid internships, 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
Other info for new grads Fidelity Canada manages a 4-month student program which includes skills development workshops, information sessions, Q&A with the President, volunteer opportunities and job-shadowing opportunities.
Typical new grad positions Business Development Associate, SalesPath Associate, Processing Representative, Document Management Representative, Financial Analyst, Coordinator
Starting salary $40K to $45K
Work benefits health benefits for new employees, flexible work hours, telecommuting, employees receive paid time off to volunteer, (up to 2 paid days)
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job

Academic fields recruited

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