Verafin Inc.
Verafin employees supporting the Humboldt Broncos by participating in Jersey Day  

Recognized as one of Canada's Top 100 Employers

Here are some of the reasons why Verafin Inc. was selected as one of Canada's Top 100 Employers (2019), Canada's Top Family-Friendly Employers (2018) and Atlantic Canada's Top Employers (2018) :

  • Verafin sets the bar a little higher for small- and medium-sized employers, offering new mothers and adoptive parents maternity and parental leave top-up payments (up to 75% of salary for 52 weeks) and parental top-up for fathers (to 75% of salary for 35 weeks)
  • In a unique category with few rivals, employees at Verafin can take advantage of the unique no-limit vacation policy where time off is officially unlimited and determined on a case-by-case basis -- employees can also apply for unpaid leaves of absence
  • Verafin's new head office was designed with employee feedback and features open-concept pod-style seating, video chat stations throughout the office and kitchen areas that includes free snacks -- the building is also situated near a wooded area with trails, which inspired the creation of an employee snowshoeing club that takes lunchtime treks
A Verafin employee at work  

Employer Background

Industry Specialized Financial Software
Established in Canada 2003
Major Canadian hiring locations St. John's NL, Toronto ON
Full-time employees in Canada 303
Full-time employees worldwide 314
Workforce engaged on a contract basis 6%
Average age of employees in Canada 35 years
Longest serving employee 15 years

Physical Workplace Rating: B+

Commuter amenities free parking, secure/sheltered bicycle parking
Workplace features head office renovations were completed with employee feedback through open forum meetings and features open-concept pod-style seating areas (no cubicles), whiteboard 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, 2 kitchen areas, telecommuter workstations, sit-stand workstations, self-serve lunchroom, outdoor barbecue, discounts at local restaurants
Employee lounge amenities comfortable seating, music, 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, Orangetheory Fitness, wooded trail behind the building (employees even have their own snowshoeing group), daycare, restaurants, shopping mall, Memorial University, St. John's Airport a short drive away

Work Atmosphere & Communications Rating: 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 Rating: 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
Referral bonuses (max) new employee referral bonuses (up to $2,000) for some positions

Health & Family-Friendly Benefits Rating: 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
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 $2,000 each year
Additional health and wellness information access to Best Doctors service, smoking cessation products
Maternity top-up (mothers) up to 75% of salary for 52 weeks
Parental top-up (fathers) up to 75% of salary for 35 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 Rating: 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 Rating: B+

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 on-the-spot rewards, peer-to-peer recognition awards
In-house survey period in-house surveys are conducted every 4 months

Training & Skills Development Rating: 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 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
Total employee volunteer hours (on company time) over 518 hours last year
Total number of charities supported last year approximately 23 charitable and community organizations were supported last year
Some of the community organizations supported Junior Achievement, Women in Technology Conference (female engineers attend the annual 1-day conference to inspire female high school students), Ladies Learning Code, Genesis Centre
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

Here are some of the reasons why Verafin Inc. was selected as one of Canada's Top Small & Medium Employers (2018):

  • Verafin employees can take a break in one of two kitchen areas stocked with free healthy snacks from breakfast cereals to cookies, enjoy a quiet moment in a massage chair, add some steps to their workout routine at a treadmill desk, and enjoy ending the work week at the weekly Friday afternoon happy hour
  • 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 the distinctly SME-style benefit of offering a flexible "no-limit" vacation policy, allowing employees to decide how much time off they need in any given year
Verafin employees participating in a charity bowling event  

Highlights

Industry Specialized Financial Software
Established in Canada 2003
Major Canadian hiring locations St. John's NL, Toronto ON
Full-time employees in Canada 248
Full-time employee growth in the past year 21.0 %
Average age of employees in Canada 33 years
Longest serving employee 14 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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