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Big banks top LinkedIn list on best workplaces to grow career

RBC, TD and Scotiabank are the highest-ranked LinkedIn companies, when it comes to attracting and keeping talent.

On April 28, LinkedIn released the Canadian edition of its 2021 Top Companies list, featuring the best workplaces for Canadians.

LinkedIn uses its data to rank companies on the list based on seven pillars that have been shown to lead to career progression: ability to advance; skills growth; company stability; external opportunity; company affinity; gender diversity and educational background.

Here is what the highest ranked LinkedIn Top Companies are doing to attract and keep talent:

1. RBC – During the pandemic, RBC says it continued to pay eligible employees unable to work due to COVID-19 and offered special compensation for those working onsite. The bank also said it was the first in Canada to commit to no job losses from COVID in 2020.
2. TD – TD Bank, which also committed to no job losses in 2020 as a result of COVID, trained HR professionals to help redeploy employees from one business to another as the company adapted to changing needs.
3. Scotiabank – The company says it is considering a wider range of applicants for some roles, focusing on assessments of skillsets over specific job requirements or backgrounds.
4. Alphabet – Google has announced plans to open new offices in Toronto, Waterloo, and Montreal, accommodating up to 5,000 employees by 2022.
5. Bell – The company operating some of Canada’s biggest media brands, recently set new targets for BIPOC representation in senior management of at least 25% by 2025, as well as student and graduate hiring of at least 40%.

To be eligible for the list, companies must have at least 500 employees as of Dec. 31 in the country/region and employee attrition can be no higher than 10 per cent over the 12 months prior (based on LinkedIn data). The methodology and insights time frame is Jan. 1, 2020 through Dec. 31, 2020.

All staffing and recruiting firms, educational institutions and government agencies are excluded, as is LinkedIn, its parent company Microsoft and Microsoft subsidiaries.