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Manulife
Employees at Manulife in an outdoor space  

Recognized as one of Greater Toronto's Top Employers (2019):

Here are some of the reasons why Manulife was selected as one of Greater Toronto's Top Employers (2019):

  • Manulife focuses its charitable efforts on empowering individuals to live healthier and more financially secure lives -- the company provides paid time off to volunteer (donating over 23,000 volunteer hours on company time in the past year) and matches employee donations (to a maximum of $5,000 each year)
  • As part of Manulife's "Wellness Matters" initiative, the company provides resources and services to support the physical and mental well-being of employees, including information on mental health, nutrition, fitness and personalized wellness programming -- Manulife also employs Wellness Consultants and a Wellness Champions Network to increase employee participation in related events
  • Manulife encourages employees to adopt an ownership mentality through a share purchase plan (available to all employees) and offers a full suite of financial incentives, including signing bonuses for some, year-end bonuses for all, and generous referral bonuses of up to $5,000 for successful hires
Manulife achieves innovation through employee input   (Photo credit: Larry Nicols)

Highlights

Industry Direct life insurance carriers
Established in Canada 1887
Publicly traded yes
Major Canadian hiring locations Toronto ON, Kitchener ON, Waterloo ON, Montréal QC, Halifax NS, Vancouver BC, Calgary AB, Oakville ON
Full-time employees in Canada 12,790
Part-time employees in Canada 328
Average age of employees in Canada 43 years
Longest serving employee 55 years
Long-term savings defined-contribution (DC) pension
Health plan premium as part of the health plan, the employer pays up to 94% 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 3 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, mentoring, paid internships
Related tuition subsidies employer covers up to 100% of tuition per year
Scope of charitable involvement local
Employee charitable involvement employees receive paid time off to volunteer, (up to 1 paid day)

Recognized as one of Canada's Top Employers for Young People (2019):

Here are some of the reasons why Manulife was selected as one of Canada's Top Employers for Young People (2019):

  • Manulife manages an extensive co-op program, providing students opportunities to participate in a variety of activities, including job shadowing, volunteer opportunities, exposure to the company's executive team, and a term project which involves the creation of a real business tool or analysis of a current business problem
  • Manulife's Research, Exploration and Development (RED) Lab provides students with unique opportunities to develop problem solving, design thinking, prototyping and presentation skills, and also organizes co-op challenges throughout the year for students working in the Kitchener area
  • Manulife manages an Advanced Analytics Development program for new grads which features mentoring and rotations in data engineering and data scientist roles in Boston, London and Hong Kong -- the program aims to provide exposure across all of the company's business lines as well as various geographic locations and functions
Students at Manulife celebrating the end of their term  

Highlights

Industry Direct life insurance carriers
Major Canadian hiring locations Toronto ON, Kitchener ON, Waterloo ON, Montréal QC, Halifax NS, Vancouver BC, Calgary AB, Oakville ON
Full-time employees in Canada 12,790
Student opportunities summer jobs, co-op opportunities, paid internships
Related tuition subsidies employer covers up to 100% of tuition per year
Career development in-house training, online training, in-house career planning services, mentoring, online employee skills inventory, apprenticeship/skilled trades programs
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job
Unique initiatives nationwide internship program in a variety of fields (finance, risk, accounting, human resources, information systems, operations, marketing and communications, sales, and legal and compliance disciplines), rotational actuarial development program, investment division rotation program (with placements in Boston, London and Hong Kong), CPA rotational program at Manulife's Toronto and Waterloo offices, dedicated LinkedIn group to keep current and past co-op students up to date on current events at Manulife

Recognized as one of Canada's Best Diversity Employers (2019):

Here are some of the reasons why Manulife was selected as one of Canada's Best Diversity Employers (2019):

  • Manulife's Toronto office manages Women@Manulife, which offers networking events, discussion groups and speaker presentations that focus on topics that women face in the workplace and at home -- the group also creates smaller forums for women from all levels to connect with leaders such as "Lunch with a Leader" or "An Evening with our CEO"
  • Manulife recently embedded diversity and inclusion accountability into performance goals for leadership personnel and added an inclusion index to its employee engagement survey -- the firm continues to engage employees in ongoing dialogue on inclusion through unconscious bias training
Manulife employees attend a Global Women's Alliance event with Sheila Fraser, the former Auditor General of Canada and a member of Manulife's board  

Highlights

Industry Direct life insurance carriers
Major Canadian hiring locations Toronto ON, Kitchener ON, Waterloo ON, Montréal QC, Halifax NS, Vancouver BC, Calgary AB, Oakville ON
Full-time employees in Canada 12,790
Formal diversity strategy has a defined strategy to achieve diversity and inclusion goals
Senior executive who oversees diversity initiatives Chief Talent and Diversity Officer
Formal commitment global executive diversity and inclusion council
Employee resource groups Global Women's Alliance (4,800 members), Women@Manulife, Pan-Asian Community for Employee Success, PROUD (Professionals Reaching Out for Unity and Diversity, 7 chapters globally), Association of Multicultural Professionals, Military Employee Community, Valuing the Inclusion of Black Employees
Diversity training and awareness training on unconscious bias
Diversity highlights inclusion index added to employee engagement survey, diversity and inclusion accountability embedded into performance goals for leadership, developed functional and division dashboards, diversity and inclusion resource site, utilizes diversity lens for external product offerings, ERG guideline to ensure consistency and best practices across all networks
Some of the diversity-focused partnerships Toronto Region Immigrant Employment Council (mentoring for new Canadians), Women in Capital Markets, Ascend (visible minorities), Canadian Centre for Diversity and Inclusion, Catalyst, Career Edge (internships for new Canadians), Pride at Work Canada

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