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Which benefits does Scotiabank provide?
Current and former employees report that Scotiabank provides the following benefits. It may not be complete.
Insurance, Health & Wellness
Employee Benefit Reviews
Showing 1–10 of 1176 comments
- Vacation & Paid Time Off(394 comments)
‘Good vacation & time off pay’
- Pension Plan(152 comments)
‘good pension plan for employees’
- Health Insurance(112 comments)
‘good coverage, mental health, and wellness program ’
Cons: Lower pay for tech (than actual tech companies - expected since business leaders consider tech as cost), Organization politics - this varies from teams/groups, Old/legacy techs so not much room to grow on learning about best practices in tech/innovation
These benefits are based on being full-time permanent, and recently transitioning to part-time permanent. No benefits for contract workers. 1. Basic/Core health coverage with percentage ranging from 60,80,90% coverage. 2. Can opt in for dental coverage and how much insurance pays for dental work. 3. Given a dollar amount to spend on insurance in a given calendar year and can allocate the amounts in categories you want, such as to pay for optional dental insurance, additional health spending, gym memberships, etc. 4. 100% mental health coverage up to 10,000 5. Optional ESOP, group RRSP. 6. Optional pension contribution 7. Accrued paid time off (pay percentage based on length of employment and position). 8. Accrued sick days, expires end of year. 9. Vision care insurance with dollar maximum every 2 years. 10. Optional life insurance, disability insurance. 11. One chqing account free. Certain discounts on car/home insurance (but compared to other insurance companies it is still higher). Slightly preferred rates on borrowing. 12. Tuition reimbursement if degree or program aligns with bank's business model and values (ex. Degree in business, finance, accounting). 13. Bonuses based on performance (sales).
They provide cheap health coverage
Excellent health coverage, including mental health. A health wellness spending account as well.
What people are saying about Scotiabank
Career Advice for Students
2 years ago
Currently a co-op student at CIBC and just got offered a Level 6 @ $60k is there any advice I could get on what I should or could possibly negotiate in terms of salary, vacation or bonus? Would appreciate any advice as it’s my first time in this situation, thanks! TD Scotiabank BMO RBC
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Benefits were decent no complaints
great health insurance, pension benefits
Good Health, dental and visual package. The bank pays for basic health which covers 50%
Best is benefits and flexibility of work from home
they have benefits that goes a long way
No Dental Coverage is given.