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IGM Financial Inc.

Recognized as one of Canada's Top 100 Employers (2023):

Here are some of the reasons why IGM Financial Inc. was selected as one of Canada's Top 100 Employers (2023):

  • IGM Financial offers a number of financial perks and incentives, including a share purchase plan (available to all employees), signing bonuses for some, year-end bonuses for all, and referral bonuses of up to $1,000
  • IGM Financial hosts organization-wide and division-specific employee forums to help keep employees connected -- in addition to regular business updates, forums have included trivia contests, prizes, and live Q&A with senior leaders
  • IGM Financial provides professional development opportunities for employees at all stages of their careers, including a rotational program for recent graduates and leadership development programs for aspiring leaders
Members of IGM Financial's human resources leadership team embrace hybrid work arrangements  

Employer Background

Industry Financial services
Established in Canada 1926
Publicly traded yes
Parent company Power Corporation Canada
Parent company head office Montreal QC
Major Canadian hiring locations Montréal QC, Mississauga ON, Toronto ON, Winnipeg MB
Full-time employees in Canada 3,818
Part-time employees in Canada 152
Full-time employees worldwide 3,855
Workforce engaged on a contract basis 3.8%
Average age of employees in Canada 42.6 years
Longest serving employee 42.9 years

Work Environment Rating: A

Hybrid work adopted a phased-in approach to its hybrid model and provides support for remote workspaces as well as in-office (new employees can be reimbursed for doctor-recommended ergonomic accommodation items and other office set-up items)
Flexible work options flexible work hours, shortened work week (fewer hours with less pay), compressed work week, telecommuting, reduced summer hours
Commuter amenities walk to public transit, transit subsidies, subsidized parking, electric vehicle charging stations, secure/sheltered bicycle parking
Onsite workplace features office tower is surrounded by amenities including the Canadian Museum for Human Rights, the Forks Market and Canada Life Centre (home of the Winnipeg Jets and Manitoba Moose), inside, the workplace is designed with hybrid work in mind and features reflection rooms, quiet zones (library), work cafés, telecommuter workstations, sit-stand workstations, private phone booth, nap room, religious observance room, outdoor patio, outdoor barbecue, discounts at local restaurants, the Toronto office features onsite child care, a gym and cafeteria, while the Mississauga office is located in a LEED-certified building
Employee lounge amenities comfortable seating, television
Onsite cafeteria healthy menus, special diet menus, subsidized meals, take-home meals

Work Atmosphere & Communications Rating: A

Employee social committee name IGWM Social Committee, People & Culture Committee (est. 2020), Spirit Committee (est. 2005)
Past social events holiday celebrations (for employees and a separate event for their families), department and team-based events such as virtual get-togethers, Friday Fun Only socials, and team challenges (bingo, trivia, step challenge)
Cultural aspects dress-for-your-day policy, music while working
Employee communications intranet site, company newsletter, traditional/email suggestion box, internal social media
Other in-house communications senior leadership forums, employee forums (business updates, trivia contests, live and interactive Q&A discussions with senior leaders)

Financial Benefits & Compensation Rating: A

Financial benefits note IGM Financial has multiple employee groups, financial benefits may vary by position
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, matching RSP, non-matching RSP
Long-term planning retirement planning assistance, phased-in retirement work options, 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 $1,000) 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, low-interest home loans, discounted auto lease rates

Health & Family-Friendly Benefits Rating: A

Health plan note IGM Financial has multiple employee groups, health plans may vary by position
Health plan premium as part of the health plan, the employer pays up to 75% 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
Dental coverage routine, restorative
Eyecare $200 every 2 years
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), virtual healthcare services
Mental health practitioner benefit up to $1,000 each year
Health spending account up to $2,300 each year
Additional health plan information some employees (approximately 36%) do not have a flexible health benefits plan
Additional health and wellness initiatives wellness committee and strategy (focused on physical, emotional, financial, and social well-being), mental health awareness training as well as dedicated training for leaders, access to virtual fitness sessions
In vitro fertilization (IVF) $3,000 per lifetime
Maternity top-up (mothers) up to 85% of salary for 12 weeks
Parental top-up (mothers) up to 80% of salary for 10 weeks
Parental top-up (fathers) up to 80% of salary for 10 weeks
Adoption top-up up to 80% of salary for 10 weeks
Additional family-friendly benefits academic scholarships of up to $1,000 per child
Additional family-friendly information up to 10 wellness days per year (can be taken for personal reasons including appointments and family commitments)

Vacation & Personal Time-Off Rating: B+

Vacation note IGM Financial 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 3 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 10 personal days off each year, as needed
Company paid days off employees receive 3 personal days off, as determined by their employer
Unpaid leave maximum 6 months
Additional time-off information employees may start at 3, 4 or 5 weeks, depending on their role

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, peer-to-peer recognition awards, long-service awards, All-Star Mentors program for call centre employees, IGMMYS (pronounced I-G-Emmys) to celebrate the best work done within the marketing team, Rising Star program for Investment Planning Council employees with less than 2 years of service
In-house survey period in-house surveys are conducted every 3 months
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
Unrelated tuition subsidies employer covers up to 100% of tuition 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, (up to 2 paid days)
Total employee volunteer hours (on company time) over 1,530 hours last year
Total number of charities supported last year approximately 1,000 charitable and community organizations were supported last year
Some of the community organizations supported Alzheimer’s Society of Canada, Canadian Foundation for Economic Education, Dyslexia Canada, National Centre for Truth & Reconciliation, United Way, Alpine Canada and Alpine Ontario, Mackenzie Investments Charitable Foundation, Canadian Cancer Society, Canadian Red Cross, Healing Cycle, MS Society of Canada
Charitable giving matches employee donations, matches employee volunteer hours with company donations
Community highlight IGM Financial's charitable focus is on inspiring the financial empowerment of Canadians, with a specific emphasis on Indigenous Peoples, newcomers, women, youth and seniors. The company manages an annual campaign to support grassroots partner charities through donations, volunteer work and awareness events. Related initiatives from the past year include a Caring Cup (interdepartmental competition where employees earn points by making donations or volunteering), and the IGM cook-off (the winner receives a donation made in their name).

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