Benefits & Pensions
Scotiabank expands parental leave top-ups, offers virtual medical care to staff
By Talent Canada Staff
Scotiabank is expanding top-up pay for employees who take maternity and parental leave in Canada.
Effective April 1, eligible employees will have six weeks of parental leave top-up pay to 100 per cent, which supplements maternity and parental benefits from employment insurance (EI). For birth mothers, this means an increase from six weeks to 12 weeks of top-up pay.
“We believe in total wellbeing for our diverse workforce that focuses on employees’ physical, mental, social, and financial health,” said Barb Mason, group head and chief human resources officer at Scotiabank.
“We’re proud to promote an inclusive culture with the enhancements made to our Maternity and Parental Leave Policy that includes all parents, whether you are a birth or non-birth mother, father, same sex parent or adoptive parent. Scotiabank is committed to increase support for new parents and growing families within the organization.”
The company’s benefit plan also offers $3,000 in mental health services per year as part of employees’ core coverage, an expansion of mental health coverage to extended family members and a total of five paid personal days per year.
The bank is also providing its employees digitally-enabled access to healthcare in Canada. Starting April 1, Scotiabank is offering access to a virtual medical care program through its benefits provider. The program conveniently offers users 24/7 access to healthcare providers right at employees’ fingertips.
“At Scotiabank, we look at an employee’s wellbeing holistically and part of this involves providing employees with more flexible benefits that allows them to bring their best selves to work,” said Dominic Cole-Morgan, senior vice-president of total rewards.
“Our comprehensive, flexible benefits programs are just one way we support the unique needs of our employees within our diverse, multigenerational workforce.”
The bank’s new virtual care program is delivered through an app that helps employees save time and be more proactive about their health.
The new program, offered through a collaboration with its benefits provider, offers real-time virtual access to clinicians who can provide diagnoses and advice for physical and mental health concerns, new and existing prescriptions, lab and imaging orders, and specialist referrals.
This is especially helpful to employees located in rural areas throughout the country, where access to practitioners can be limited.
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