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Business Development Bank of Canada
Employees meet at the recently opened BDC Square, a collaborative space for entrepreneurs located in Montréal, QC  

Recognized as one of Canada's Top 100 Employers (2021), Top Employers for Canadians Over 40 (2021) and Montreal's Top Employers (2021):

Here are some of the reasons why Business Development Bank of Canada was selected as one of Canada's Top 100 Employers (2021), Top Employers for Canadians Over 40 (2021) and Montreal's Top Employers (2021):

  • BDC helps employees plan securely for the future with contributions to a defined benefit pension plan and health benefits that extend to retirees (with 100 per cent premium coverage and no age limit)
  • BDC employees can also participate in an additional savings and investment plan, which allows them to contribute a percentage of their base salary to a group RRSP or TFSA with matching employer contributions
  • BDC's "Exclamation" recognition platform enables employees to give peer recognition with the on-the-spot monetary and non-monetary recognition -- the organization also fosters positivity through its Samara Awards, to recognize exceptional achievements in various categories
BDC Square in Montréal is a central hub where employees and clients can come together to connect  

Employer Background

Industry Secondary market financing
Established in Canada 1944
Parent company Government of Canada
Parent company head office Ottawa ON
Major Canadian hiring locations Vancouver BC, Calgary AB, Toronto ON, Montréal QC
Full-time employees in Canada 2,409
Part-time employees in Canada 100
Workforce engaged on a contract basis 4%
Average age of employees in Canada 42 years
Longest serving employee 47.5 years

COVID-19

Pandemic response additional funds ($500) allotted to wellness spending accounts to help subsidize the costs of working from home, introduced virtual health care services, designated microsite for COVID-19 information

Physical Workplace Rating: A

Commuter amenities electric vehicle charging stations, secure/sheltered bicycle parking, nearby bike sharing station
Workplace features head office is located in Place Ville Marie, which is centrally located and directly linked to the city's extensive underground walking network (providing all-season access to shopping malls, restaurants and the city's Métro), BDC recently completed the last phase of its head office redesign and renovation, workplace features a variety of flexible and collaborative spaces including designated spaces for concentration, collaboration, training, and socializing, multiple meditation rooms (which are considered electronics-free zones), telecommuter workstations, sit-stand workstations, private phone booth, religious observance room
Employee lounge amenities comfortable seating, music, television, table tennis
Onsite cafeteria healthy menus, special diet menus, take-home meals
Other nearby amenities YMCA, YWCA, Nautilus Plus, Énergie Cardio, Place du Canada, Dorchester Square

Work Atmosphere & Communications Rating: B+

Past social events informal employee-led social committees across the organization organize a variety of events at the office and departmental levels, hosting everything from Christmas parties to potluck lunches to charity fundraising events
Cultural aspects business-casual dress daily, dress-for-your-day policy, casual dress Fridays, music while working, employee sports teams
Employee communications intranet site, company newsletter, traditional/email suggestion box, internal social media
Other in-house communications BDC Live speaker series, CEO call three times per year, "BDC etc." print employee magazine

Financial Benefits & Compensation Rating: A+

Outside salary surveys participates in outside salary surveys every 12 months
Employee salary reviews individual salaries are reviewed every 12 months
Long-term savings defined-benefit (DB) pension, matching RSP
Long-term planning retirement planning assistance, phased-in retirement work options, life & disability insurance
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 employee savings and investment plan

Health & Family-Friendly Benefits Rating: B+

Health plan premium as part of the health plan, the employer pays up to 96% of the premiums
Flexible coverage health plan is flexible with adjustable premiums and coverage levels
Waiting period there is no waiting period for coverage
Family coverage option yes
Retiree coverage with no age limit yes
Dental coverage routine, restorative, orthodontics
Paid sick days employees receive 5 days off each year
Health plan includes traditional coverage (e.g. prescription drugs), 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. acupuncture, naturopathy)
Additional health plan information employees can purchase up to 5 additional vacation days through the flexible health plan, on-demand virtual health care service (Akira), online cognitive behavioural therapy (Beacon)
Wellness initiatives wellness committee, annual Wellness Day, health risk assessments every 2 years (free of charge), "Watch&Win" campaigns to encourage employees to watch wellness-related content in order to win prizes such as extra dollars for their wellness account, 3-year mental health strategy which includes mental health leadership certification program for HR personnel, anti-stigma campaign (organized in partnership with the Canadian Mental Health Association), workshops for executives and educational webinars for managers and employees
Maternity top-up (mothers) up to 100% of salary for 17 weeks
Parental top-up (fathers) up to 100% of salary for 6 weeks
Adoption top-up up to 100% of salary for 6 weeks
Additional family-friendly benefits phased-in return to work for new parents, academic scholarships of up to $2,500 per child
Flexible work options flexible work hours, 35-hour work week (with full pay), shortened work week (fewer hours with less pay), compressed work week, telecommuting, reduced summer hours

Vacation & Personal Time-Off Rating: B+

Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job
Vacation jump vacation increases after 5 years of employment
Maximum vacation allowance employees move to a maximum of 5 weeks of vacation over their career
Personal paid days off employees can schedule 5 personal days off each year, as needed
Unpaid leave of absence option yes
Additional time-off information some employees start at 4 weeks of paid vacation, depending on their position

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 online recognition platform, individual performance bonuses, on-the-spot rewards, long-service awards, tailored and unique rewards (e.g. travel), Samara awards program to recognize exceptional achievement in 4 categories, including client catalyst, everyday innovator, "people people" (individuals who collaborate to build trust and have a positive influence on colleagues), and distinction (for stand-out achievements), Exclamation platform for mobile peer-to-peer recognition
Outside survey period outside consultant surveys are held every 12 months

Training & Skills Development Rating: A+

Career planning online employee skills inventory
In-house training initiatives mentoring, in-house training, online training, paid internships, subsidies for professional accreditation
Related tuition subsidies employer covers up to 100% of tuition per year
Annual tuition maximum employer pays up to $25,000 in tuition subsidies for job-related courses per year
Unrelated tuition subsidies employer covers up to 100% of tuition per year for courses unrelated to current position
Unrelated tuition maximum employer pays up to $25,000 in tuition subsidies per year for courses unrelated to current position
Unique training & development programs second-language training, annual innovation challenge

Community Involvement Rating: A

Scope of charitable involvement local, national
Employee charitable involvement employees are involved in selection of charities, employees receive paid time off to volunteer, (up to 5 paid days)
Total number of charities supported last year approximately 40 charitable and community organizations were supported last year
Some of the community organizations supported Canadian Red Cross, Royal Ottawa Foundation, True Patriot Love, Rideau Hall Foundation, Futurpreneur, GRIS-Montréal, Ryerson Black Innovation Fellowship, B Lab
Charitable giving matches employee donations
Community highlight BDC recently reviewed its community program and adopted a community investment strategy to help support the mental well-being of entrepreneurs. The bank helped raise $20,000 in donations through a joint platform with the Canadian Mental Health Association, and also matched the donation with its own contribution, dollar for dollar.

Recognized as one of Canada's Best Diversity Employers (2021):

Here are some of the reasons why Business Development Bank of Canada was selected as one of Canada's Best Diversity Employers (2021):

  • BDC offers internal resources to encourage employees to learn about the Truth and Reconciliation Commission's findings and works with Our Children's Medicine to address barriers faced by Indigenous job-seekers
  • The Young Women at BDC Network began in the Montréal office and its success resulted in other chapters across the country -- the group organizes networking events, speaker series and social activities to inspire personal and professional growth
  • BDC's diversity and inclusion strategy serves as the roadmap for programs and initiatives in three areas: awareness, engagement and accountability for each of the eight identified communities of focus (women, visible minorities, indigenous persons, persons with disabilities, LGBT, newcomers, intergenerational and military communities)
BDC and CCDI co-hosted an employer event in BDC's Winnipeg office on best practices for Indigenous employment  
"Over the years, I have worked with many Black entrepreneurs, and my own professional experiences have made me all the more impressed by their determination to overcome obstacles and build thriving businesses. That’s why I’m proud BDC is well advanced in the creation of an action plan to better support Black entrepreneurs by providing them with financing and business advice, and by encouraging the growth of a vital Black entrepreneurship ecosystem in Canada." Kunle Tauhid, Vice President

Highlights

Industry Secondary market financing
Major Canadian hiring locations Vancouver BC, Calgary AB, Toronto ON, Montréal QC
Full-time employees in Canada 2,409
Senior executive who oversees diversity initiatives President and CEO
Formal commitment new diversity and inclusion leadership council (comprised of senior leaders who act as ambassadors and sponsor related initiatives), signatory to the BlackNorth Initiative pledge to remove anti-Black systemic barriers
Recruitment initiatives underwent a comprehensive Indigenous employment systems review from Indigenous Works and created a 3-year action plan specific to Indigenous persons, participated in a Toronto hiring event held by Refugee Jobs Agenda Roundtable
Retention and development programs 9-month mentoring pilot program to help women identify career development opportunities specifically related to leadership roles
Employee resource groups YW@BDC network (young women)
Training and awareness held listening circles last August on racism (facilitated by Canadian Centre for Diversity and Inclusion) to create safe spaces for BIPOC employees to openly discuss how they have been impacted by recent events, what they need from colleagues and leaders, and how they envision the organization moving forward with its anti-racism action plan, “WE Getting Gender Smart” (interactive program to address gender bias through real-life examples in the workplace, over 600 employees completed), participated in Orange Shirt Day and promoted awareness about the tragedies experienced by Indigenous persons in residential school systems, KAIROS Blanket Exercises to enhance understanding of Indigenous history, annual LGBTQ2+ Ally campaign
Diversity highlights on-site physical audits in its Halifax, Montréal and Toronto business centres to identify potential physical barriers, is in the process of translating materials into a number of Indigenous languages through an Indigenous-owned translation company, Entrepreneurship Connections program offered in partnership with ACCES Employment to provide newcomers with opportunities for mentoring and networking as well as training on how to successfully launch a business (more than 600 new Canadian entrepreneurs have participated since the program's inception in 2013), newcomer entrepreneur success team to help new Canadian entrepreneurs access appropriate resources (over 150 newcomer businesses created), Women in Technology Venture Fund to invest in women-led technology companies ($200-million), sponsors Prince's Operation Entrepreneur (business accelerator program to help transitioning military personnel and veterans start their own business), funded research to better support the mental health of entrepreneurs and co-published a "Going It Alone" guide with Canadian Mental Health Association
Some of the diversity-focused partnerships Canadian Centre for Rehabilitation and Work, Rise Asset Development (provides low-interest small business loans, training and mentorship to individuals with a history of mental health and addiction challenges), Hire Immigrants Ottawa, Indigenous Works, JumpStart Refugee Talent, Pride at Work Canada (participates in the Inclusion Index), Canadian Mental Health Association, Our Children's Medicine (meet and greet sessions with Indigenous job seekers in Vancouver)
Supplier diversity programs diverse suppliers can register via BDC's website to be included in their list, diversity certified companies are 51% majority owned and operated by person(s) who are women, minorities, Indigenous persons, LGBTQ2+, persons with disabilities or veterans

The Career Directory

Business Development Bank of Canada has been selected for The Career Directory, our guide to entry-level recruitment for recent college and university graduates.
BDC hosts local college students at a hackathon

Highlights for New Grads

Industry Secondary market financing
Full-time employees in Canada 1,001 to 2,500
Parent company Government of Canada
Parent company head office Ottawa ON
Major Canadian hiring locations Vancouver BC, Calgary AB, Toronto ON, Montréal QC
Student opportunities paid internships, summer jobs, co-op opportunities
Training subsidies for professional accreditation, orientation program, online training, in-house training, mentoring, leadership training
Annual tuition maximum employer pays up to $25,000 in tuition subsidies for job-related courses per year
Typical new grad positions Customer Service Representative, Account Manager, Client Relationship Officer
Starting salary $50K to $55K
Work benefits health benefits for new employees, flexible work hours, telecommuting, employees receive paid time off to volunteer, (up to 5 paid days)
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job

Academic fields recruited

Recruits at these schools


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