Manulife
Manulife employees meeting by the Remembrance Day memorial in front of Manulife's headquarters in Toronto  

Recognized as one of Greater Toronto's Top Employers

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

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

  • Manulife maintains an extensive co-op program, providing students with opportunities to participate in a variety of activities, including job shadowing, exposure to the company's executive team, and a practical co-op project which involves the creation of a real business tool or analysis of a current business problem -- additionally, the program includes a paid day off to volunteer with Habitat for Humanity and a monthly series on topics such as LinkedIn and career paths
  • In the past year, Manulife created a new data science development program to recruit recent computer science graduates -- the 24-month program is geared towards individuals with advanced or predictive analytics experience and features various rotations (internal and international), and senior-level mentorship
  • Manulife nurtures student talent through a Canada-wide internship program, which offers a broad range of opportunities in finance, risk and accounting, human resources, information systems, operations, marketing and communications, and legal disciplines
Manulife employees collaborating in the tech lounge  

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 12,743
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, 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 co-op programs may feature global projects and international assignments (actuarial students have completed assignments in Hong Kong and Boston), maintains a dedicated LinkedIn group as well as a quarterly newsletter to keep current and past co-op students up to date on current events at Manulife, recently introduced a pilot program to encourage students to share their experiences on social media, recently created a Co-op Council to gather feedback from students from various business units, maintains a Financial Risk Management Internship for students completing their Masters of Finance degree, offers a 6-year leadership development program with multiple placements for MBA graduates

Recognized as one of Canada's Best Diversity Employers

Here are some of the reasons why Manulife was selected as one of Canada's Best Diversity Employers (2018):

  • For the second consecutive year, Manulife participated in Disabilities Mentoring Day, pairing 10 employees with persons with disabilities in order to better understand their everyday experience
  • Manulife's Toronto office manages Women@Manulife, which offers networking events, discussion groups and speaker presentations -- and 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"
  • In 2016, Manulife increased mental health coverage to $10,000 per annum for employees and their dependents, and is also exploring a partnership with Progress Place to offer internships to individuals who have overcome mental illness and are looking to reintegrate into the workplace
Manulife employees working together in the office's outdoor space  
"You hear unconscious bias and that can stir up some emotions, and I'm not sure anyone likes to think of themselves as having a bias toward a colleague. Through the training, we could connect directly with other Leaders across the organization and apply course learnings to real life examples [...] This course allowed me not only to uncover biases, but create a connection with another Leader who was open and equally motivated to uncover their own.  The lasting impact is being enlightened to these biases and knowing that all of us carry these predispositions, the task we are left with is, what are we going to do about it?" Sarah S., Inside Insurance Sales Director

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 12,743
Formal diversity strategy has a defined strategy to achieve diversity and inclusion goals
Senior executive who oversees diversity initiatives Chief Talent and Diversity Officer, AVP and Global Head of Diversity and Inclusion
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, Professionals Reaching Out for Unity and Diversity (LGBT, 7 chapters globally)
Diversity training and awareness training on a variety of topics including unconscious bias, accessibility, and diversity and inclusion best practices
Diversity highlights Influencing Skills for Female Leaders training program (3-day program), $200,000 donation over 5 years to Québec's Inclusion Fund, mental health coverage of $10,000 per annum for employees and their dependents
Some of the diversity-focused partnerships Canadian Centre for Diversity and Inclusion, Catalyst, Dolphin Digital Technologies (Disabilities Mentoring Day), Rotman School's Access to Success, Start Proud, Women in Capital Markets, Career Edge (internships for new Canadians, recent graduates and persons with disabilities), Ascend (visible minorities), Toronto Region Immigrant Employment Council (mentoring for new Canadians)

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