Company culture creates competitive advantage

Banking may be the country’s most traditional industry but with disruptive companies like Netflix and Uber shaking things up in their respective industries, it’s being forced to reinvent itself by providing a convenient digital experience without sacrificing work culture.

The Best Workplaces™ in Financial Services and Insurance are tackling that challenge head on by developing their company culture to create competitive advantage in the market. “Developing company culture is not just about offering better perks and benefits,” Alison Grenier, Head of Culture and Research, Great Place to Work® Canada, says in a statement.

“It’s about creating a compelling, shared vision for all employees, offering systems of support and empowerment so that employees are motivated to bring their best to work each day and fostering a sense of team spirit so everyone is rowing in the same direction. There is no ‘one-size-fits-all’ solution. Each organization must find its own path.”

Great Place to Work® has announced the 2018 list of Canada’s Best Workplaces™ in Financial Services and Insurance. Here’s a list of Best Workplaces™ with Canadian headquarters in Toronto and their number of employees:

• BMO Financial Group (29,886)
• Borrowell (44)
• Capital One Canada (1,262)
• First National Financial LP (967)
• Morningstar Canada (116)
• Nest Wealth (38)
• Paytm Labs (6)
• RBC (57,687)
• Scotiabank (73,662)
• TD Bank Group (58,290)
• Wealthsimple (133)

The following round out the list of Best Workplaces™, along with their location and number of employees:

• Admiral Insurance, Halifax, N.S. (413)
• CapriCMW, Kelowna, B.C. (428)
• CMLS Financial, Vancouver, B.C. (220)
• Dun & Bradstreet Canada, Mississauga (84)
• FCT, Oakville (843)
• Firma Foreign Exchange Corporation, Edmonton, Alta. (172)
• Gore Mutual Insurance, Cambridge (325)
• Knowledge First Financial, Mississauga (117)
• Mercedes-Benz Financial Services Canada, Mississauga (159)
• Northern Credit Union Limited, Sault Ste. Marie (288)
• Prospera Credit Union, Abbotsford, B.C. (438)
• SaskCentral (Credit Union Central of Saskatchewan), Regina, Sask. (73)
• VFS Canada Inc., Aurora (47)
• VW Credit Canada Inc., Saint-Laurent, Que. (132)

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