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Canada Life Assurance Company, The
Employees celebrate the new Canada Life brand  

Recognized as one of Canada's Top 100 Employers (2021) and Manitoba's Top Employers (2021):

Here are some of the reasons why Canada Life Assurance Company, The was selected as one of Canada's Top 100 Employers (2021) and Manitoba's Top Employers (2021):

  • Canada Life encourages ongoing employee development through online and in-house training programs, subsidies for professional accreditation and tuition subsidies for courses both related and not directly related to their current position (up to $2,000 annually)
  • Canada Life manages longstanding programs to help employees balance their working and personal lives with full suite of flexible work options, from flexible hours to working from home -- proving very helpful over the past year
  • As part of their health benefits plan, Canada Life encourages a holistic approach to employee well-being through a wellness spending account (to $400 annually) as well as offering a mental health practitioner benefit (to $5,000)
Canada Life employees  

Employer Background

Industry Direct life insurance carriers
Established in Canada 1847
Publicly traded yes
Parent company Great-West Lifeco Inc.
Parent company head office Winnipeg MB
Major Canadian hiring locations Winnipeg MB, London ON, Toronto ON, Montréal QC, Regina SK
Full-time employees in Canada 10,524
Part-time employees in Canada 204
Workforce engaged on a contract basis 2.79%
Average age of employees in Canada 44 years
Longest serving employee 44 years

COVID-19

Pandemic response transitioned approximately 98% of employees to work from home, provided an additional $100 to help cover the costs of home office set-up and enabled employees to use their wellness account to claim items such as office furniture or expenses related to elder care or child care, enabled employees to receive their full year of benefit maximums for an interim 6-month period, made a joint donation of $1-million to support crisis relief efforts in local communities (together with IGM Financial and Power Corporation of Canada)

Physical Workplace Rating: A+

Commuter amenities secure/sheltered bicycle parking
Workplace features telecommuter workstations, sit-stand workstations, private phone booth, nap room, religious observance room, outdoor patio, outdoor barbecue
Employee lounge amenities comfortable seating, television
Onsite cafeteria healthy menus, special diet menus, subsidized meals, a variety of full hot meals, sandwiches, soup, salads, fruit and healthy snacks, and made-to-order meals featuring local products and made-in-Manitoba ingredients (all food options follow a corporate healthy eating policy)
Onsite fitness facility for employees only, treadmills, stationary bikes, stairmasters, instructor-led classes (Zumba, HIIT, spin, aerobics), elliptical trainers, rowing machines, weights, shower facilities, subsidized membership is $10 per month and the facility is accessible 24/7
Other nearby amenities Granite Curling Club, Bonnycastle Park, Memorial Park, Bell MTS Place, Winnipeg Art Gallery, Centennial Concert Centre, Forks Market

Work Atmosphere & Communications Rating: A

Company organized social events yes
Past social events Staff Social Clubs organize events at each of the company's 5 major office locations, events include book clubs, movie parties, woodworking workshops, sporting events and leagues, children's Christmas parties, a Christmas craft fair and market, and summer barbecues
Cultural aspects business-casual dress daily, dress-for-your-day policy, casual dress (e.g. jeans) daily, music while working, employee sports teams
Employee communications intranet site, 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 defined-contribution (DC) pension
Long-term planning life & disability insurance
Share purchase plan available to all employees
Year-end bonuses available to all employees
Referral bonuses (max) new employee referral bonuses (up to $1,500) for some positions
Signing bonuses available for some positions
Additional financial benefits corporate discount program (e.g. retail, services, travel, etc.), discounted home insurance, discounted auto insurance

Health & Family-Friendly Benefits Rating: B+

Health plan premium as part of the health plan, the employer pays up to 73% of the premiums
Flexible coverage health plan is flexible with adjustable premiums and coverage levels
Minimum hours worked for coverage 15 hours per week
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
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)
Mental health practitioner benefit up to $5,000 each year
Wellness spending account up to $400 each year
Wellness initiatives created Workplace Strategies for Mental Health, practical tools, tips and training materials designed to help employees and employers prevent and manage mental health issues in and out of the office (freely available for other organizations to use as well)
In vitro fertilization (IVF) $3,000 per lifetime
Maternity top-up (mothers) up to 80% of salary for 15 weeks
Parental top-up (fathers) up to 80% of salary for 10 weeks
Adoption top-up up to 80% of salary for 10 weeks
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

Vacation & Personal Time-Off Rating: B-

Vacation note Canada Life has multiple employee groups, vacation policies may vary by position
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job
Vacation jump vacation increases after 10 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 2 personal days off each year, as needed
Unpaid leave of absence option yes
Additional time-off information vacation moves to 3.4 weeks after 5 years on the job

Employee Engagement & Performance Rating: A

Employee performance reviews employees receive individual performance reviews every 6 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, peer-to-peer recognition awards, long-service awards
Outside survey period outside consultant surveys are held every 12 months

Training & Skills Development Rating: A+

Career planning in-house career planning services, online employee skills inventory
In-house training initiatives in-house training, online training, paid internships, subsidies for professional accreditation
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
Unique training & development programs Percipio learning portal created in partnership with SkillSoft, features nearly 700 pre-curated topics, learning resources in English and French, and personalized learning recommendations connected to the user interests (Percipio will also be available via a mobile app)

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 1 paid day)
Total employee volunteer hours (on company time) over 4,707 hours last year
Total number of charities supported last year approximately 700 charitable and community organizations were supported last year
Some of the community organizations supported United Way Centraide, Hockey Helps the Homeless, Pathways to Education, CPA Canada Financial Literacy Program, ABC Life Literacy, Indspire, Kids Help Phone
Charitable giving matches employee volunteer hours with company donations
Community highlight Canada Life's charitable focus includes projects that support arts and culture, community development, education, health and wellness, and social services. In the past year, the company made a joint contribution of $1-million (with IGM Financial and Power Corporation of Canada) to support crisis relief efforts in local communities (including food banks and a Frontline Fund to support health care and health care workers). The company also hosted a virtual food drive to encourage employees to make donations online.

The Career Directory

Canada Life Assurance Company, The has been selected for The Career Directory, our guide to entry-level recruitment for recent college and university graduates.

Highlights for New Grads

Industry Direct life insurance carriers
Full-time employees in Canada 10,001 to 25,000
Parent company Great-West Lifeco Inc.
Parent company head office Winnipeg MB
Major Canadian hiring locations Winnipeg MB, London ON, Toronto ON, Montréal QC, Regina SK
Student opportunities paid internships, summer jobs, co-op opportunities
Training subsidies for professional accreditation, orientation program, online training, in-house training, in-house career planning services
Annual tuition maximum employer pays up to $2,000 in tuition subsidies for job-related courses per year
Typical new grad positions Graduates would occupy Administrative, Clerical, Technical, Actuarial and Management positions.
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 1 paid day)
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job

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