August Employer Spotlight - Scotiabank
The Youth Employment Centre (YEC) asked Scotiabank to answer a few questions about their company:
How long have you been in business?
Scotiabank (Bank of Nova Scotia) has been in business for 188 years.
How many people does your organization employ? How many locally?
Across the globe Scotiabank employs over 97,000 employees.
What type of positions do you offer? (ex. Full time, part time, seasonal, contract etc.)
We offer a range of positions from full-time, part-time, contract, internship, co-op, etc.
What are the benefits of working for your company? Staff discounts, incentive programs, scholarships etc.
Employees receive a range of perks when working for the Bank. These include:
• No-fee Banking
• Health Benefits Plan
• Employee Share Ownership Plan
• Defined contribution (DC) pension plan
• Life and Disability Insurance
• Employee Referral Bonuses
• Discounted home and auto insurance
• Low-interest home loans
• Discounted auto lease rates
• Corporate discounts at retailers
• Maternity and parental leave top-up
• Phased-in return to work for new parents
• Offsite childcare subsidy
• Flexible work options
• Tuition subsidies
• In-house training programs
• Online learning programs via Plurasight and LinkedIn Learning
Describe opportunities for advancement.
Our ongoing engagement, education and development programs encourage our employees to learn and grow while building a diverse leadership pipeline within the Bank. Through mentorship of Scotiabankers from diverse backgrounds, we can all contribute to the development of future leaders.
List any corporate responsibility initiatives that your organization is currently involved in.
At Scotiabank, we aim to make a measurable and lasting impact on our global communities, and we believe that investing in young people is the pathway to community prosperity. Our shared future rests in their hands, so it’s important that we invest in them now and provide every future the opportunity to succeed. We strive to help young people reach their infinite potential by investing in the complete picture of their development. This guides our decision-making, including philanthropic spending and where we invest our time. Scotiabank and our employees are committed to helping deliver real social impact to enrich youth and the communities around them. In 2019 we assisted 2,240 charities.
The main charities we supported were:
• The Terry Fox Foundation
• Skylark Foundation
• Pacific Autism Family Centre (PAFC) Foundation
• Teach for Canada
• Habitat for Humanity Canada
• The Riverwood Conservancy
• Big Brothers Big Sisters of Canada
• Hope Blooms Inc.
• Canadian Foundation for Economic Education (CFEE)
In 2019, Scotiabank contributed nearly $100 million in donations, sponsorship's and other forms of assistance globally, of which 70% was focused on our commitment to supporting youth. From the nearly $100 million, $66.1 million was directed to organizations and communities in Canada. In addition, Scotiabank employees give support to local causes. In 2019, our employees dedicated more than 350,000 hours globally of volunteering time in their communities.
In 2019, we developed an enterprise wide climate strategy and announced the Bank’s five Climate Commitments. The Commitments outline how we will continue to support our customers in the transition to a low-carbon economy and decarbonize our own operations. Assessing and appropriately managing environmental and climate risks is critical to our long-term operations, customer relationships and business success.
1. Mobilize $100 billion by 2025 to reduce the impacts of climate change.
2. Ensure robust climate-related governance and transparency in our reporting.
3. Enhance integration of climate risk assessments in our lending, financing and investing activities.
4. Decarbonize our own operations and find innovative solutions to reduce the Bank’s impact on the changing climate.
5. Establish a Climate Change Centre of Excellence to mobilize internal and external collaboration, dialogue and information sharing and contribute to the global conversation on climate change.
How would someone find out about opportunities at your company? How can a candidate apply?
Applicants are encouraged to visit Scotiabank.com/careers to learn more about what a career at the Bank could look like.
Candidates are required to apply through our careers site.
Describe your hiring and interview process?
Our current hiring and interview process involves a candidate submitting their application online, our recruitment team doing a pre-screen of the application and then a phone or video interview takes place to qualify the candidate.
What do you look for in an employee?
For branch roles we look for transferable skills that meet hiring manager’s needs. This will typically include customer service and sales skills. We look for candidates that have a positive attitude.
What type of education/training/equipment do you require?
The requirements vary by role; however, the Customer Representative requires a High School Diploma. Training for the position is provided during employment.
18 years old.
Provide a wage range for entry level positions.
We evaluate the competencies demonstrated in the interview as well as taking into consideration the candidate’s work experience and education. For entry-level positions hourly compensation is between $16 and $17 per hour.
What are the hours of the business and general shift times? Are there a minimum number of hours someone needs to work per week? Is there flexibility regarding school schedules?
For branch roles, hours vary depending on branch staffing needs. To accommodate a school schedule, we require at least three full days of availability Monday through Saturday.
Is a uniform provided or do employees have to pay for it?
There is no uniform.
For more information about Scotiabank visit www.Scotiabank.ca