20 Best Employers In Canada With Their Pays

Statistics Canada says Canada’s unemployment rate has constantly decreased over the past year, from 9.4% at the end of 2021 to 5% at the end of 2023.

We worked with the market research from Statista to make our list of Canada’s Best Employers. This is because the job market is still doing well.

The ranking hinges on a survey of more than 12,000 Canadians who work for companies and institutions with at least 500 employees. Keep reading to find out the 20 best employers in Canada with their pay.

Table of contents

What Makes a Company a Great Employer in Canada?

A great employer in Canada values its employees and strives to create a positive and supportive work environment. Some of the critical factors that make a company a great employer in Canada include the following:

  • Competitive compensation and benefits: Great employers in Canada offer competitive salaries, bonuses, and benefits packages to attract and retain top talent.
  • Flexible work arrangements: Great employers in Canada offer flexible work arrangements, such as telecommuting and flexible schedules, to accommodate the needs of employees.
  • Opportunities for growth and development: Great employers in Canada invest in their employees by offering training, professional development programs, and opportunities for advancement.
  • Work-life balance: Great employers in Canada recognize the importance of work-life balance and strive to create a culture that supports this.
  • Inclusivity and diversity: Great employers in Canada embrace inclusivity and diversity, creating a workplace that is welcoming and respectful to all employees.
  • Employee engagement: Great employers in Canada actively engage with their employees, encouraging feedback and open communication to foster a positive work culture.
  • Health and wellness programs: Great employers in Canada prioritize the health and wellness of their employees by offering wellness programs, healthy food options, and on-site gym facilities.

By prioritizing the needs and well-being of their employees, great employers in Canada create a positive and supportive work environment that attracts and retains top talent.

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What Benefits Do Employees Receive From The Best Employers In Canada?

The best employers in Canada typically offer a comprehensive benefits package to their employees, which may include the following:

  • Health and dental insurance
  • Retirement savings plans (e.g. 401(k) or RRSP)
  • Paid time off (e.g., vacation, sick leave, holidays)
  • Flexible work arrangements (e.g., telecommuting, flexible hours)
  • Employee assistance programs (EAPs)
  • Professional development opportunities
  • Employee discounts or perks (e.g., gym memberships, travel discounts)
  • Life and disability insurance
  • Parental leave
  • Wellness programs (e.g., on-site fitness facilities, health, and wellness workshops)

Note: The specific benefits offered by an employer may vary depending on the size of the organization, industry, and location.

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Some of the current trends and challenges facing the best employers in Canada include the following:

Attracting and retaining top talent

With a low unemployment rate and high demand for skilled workers, companies face competition for top talent. They must offer attractive benefits and working conditions to attract and retain employees.

Embracing technology

Companies are looking for ways to use technology to improve productivity and increase efficiency. Still, they must also ensure that it does not negatively impact employee well-being or job satisfaction.

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Promoting diversity, equity, and inclusion

Companies are concerted to create an inclusive and respectful workplace for all employees, regardless of race, gender, sexual orientation, or other personal characteristics.

Addressing mental health

Mental health is a critical component of employee well-being, and companies are looking for ways to support employees dealing with stress, anxiety, or other mental health issues.

Adapting to remote work

With the COVID-19 pandemic causing many employees to work from home, companies face new challenges in maintaining a positive company culture and ensuring that remote workers feel connected to their colleagues and the company.

Managing changing employee expectations

Younger generations of employees seek more flexibility and purpose-driven careers, and companies must adapt to these changing expectations to remain competitive in attracting and retaining talent.

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How Do The Best Employers In Canada Compare To The Best Employers In Other Countries?

It isn’t easy to make direct comparisons between the best employers in Canada and other countries, as each country has unique cultural, economic, and legal factors that impact employers’ benefits and working conditions. However, we can make some general observations:

Benefits packages

Canadian employers are known for offering comprehensive benefits packages, including health and dental insurance, paid time off, and retirement savings plans. Employers in other countries may provide similar benefits, but the specifics can vary based on local regulations and cultural norms.

Work-life balance

Canadian employers generally support work-life balance, offering flexible work arrangements and paid time off to help employees manage their personal and professional responsibilities. Some other countries, such as the Netherlands and Germany, also strongly focus on work-life balance and offer generous vacation time to their employees.

Diversity and inclusion

Canadian employers are increasingly focused on promoting diversity, equity, and inclusion in the workplace. Still, this trend is also evident in many other countries, including the United States and the United Kingdom.

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Health and wellness

The best employers in Canada and other countries are placing a greater emphasis on employee well-being, with many offering wellness programs, mental health support, and other resources to help employees maintain their physical and psychological health.

While the best employers in Canada are known for offering competitive benefits packages and promoting work-life balance, diversity, and inclusion, similar trends can be seen in the best employers in other countries. The specifics of what the company offers will depend on local regulations, cultural norms, and each employer’s specific needs and priorities.

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How Do The Best Employers In Canada Foster A Positive Work Culture And Support Employee Development?

The best employers in Canada foster a positive work culture and support employee development in various ways, such as:

Clear communication and expectations

Companies communicate their goals, values, and expectations for employees, which helps to create a shared sense of purpose and direction.

Employee engagement

Companies engage employees in decision-making processes, encourage collaboration and teamwork, and create opportunities for employees to provide feedback and suggestions for improvement.

Employee recognition and rewards

Companies recognize and reward employees for their contributions and achievements, which helps to foster a sense of pride and motivation.

Professional development opportunities

Companies invest in employee development by providing training, mentorship, and other opportunities for employees to acquire new skills and advance their careers.

Supportive leadership

Companies have leaders who are approachable, supportive, and committed to creating a positive work environment. They lead by example, promoting ethical behavior and open communication, and work to address any issues or challenges that may arise.

Work-life balance

Companies understand the importance of work-life balance and offer flexible work arrangements, paid time off, and other resources to help employees manage their personal and professional responsibilities.

Health and wellness

Companies invest in employee well-being by offering wellness programs, mental health support, and other resources to help employees maintain their physical and psychological health.

These practices help create a positive work culture and support employee development by promoting a sense of belonging, fulfillment, and engagement.

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What Are The Requirements For Getting A Job With The Top Employers In Canada?

The requirements for getting a job with the top employers in Canada vary based on the specific company and role, but some standard requirements include the following:

Relevant education and experience

Most top employers look for candidates with a relevant degree or certification and relevant work experience in their field.

Strong technical and interpersonal skills

Companies are looking for candidates with the technical skills and knowledge needed for the role and strong interpersonal and communication skills.

Positive attitude and work ethic

Companies value positive, motivated employees with a strong work ethic. They look for individuals who are eager to learn, grow, and contribute to the company’s success.

Cultural fit

Companies want to hire employees who fit in with their corporate culture and share their values and mission. They look for candidates who are a good fit with the team and who will bring energy and enthusiasm to the workplace.

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Adaptability and flexibility

Companies value employees who can adapt to change and are flexible in their approach to work. They look for candidates who are open to new ideas, can pivot when necessary, and can work effectively in a fast-paced environment.

Language proficiency

For many companies, proficiency in English is a requirement; for others, proficiency in both English and French is necessary.

The requirements for getting a job with the top employers in Canada depend on the specific company and role. Still, leading employers typically seek a potent combination of relevant education and experience, technical and interpersonal skills, positive attitude and work ethic, cultural fit, adaptability and flexibility, and language proficiency.

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20 Best Employers In Canada With Their Pays

#1. Royal Bank of Canada (RBC)

  • $101,633 average salary
  • Banking and Financial Services
  • Headquarters in Toronto

#2. Toronto-Dominion Bank (TD)

  • $95,823 average salary
  • Banking and Financial Services
  • Headquarters in Toronto

#3. Canadian Imperial Bank of Commerce (CIBC)

  • $96,851 average salary
  • Banking and Financial Services
  • Headquarters in Toronto

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#4. Bank of Nova Scotia (Scotiabank)

  • $96,975 average salary
  • Banking and Financial Services
  • Headquarters in Toronto

#5. Sun Life Financial

  • $78,903 average salary
  • Insurance
  • Headquarters in Toronto

#6. Brookfield Renewable

  • $92,000 average salary
  • Renewable Energy
  • Headquarters in Toronto

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#7. Brookfield Asset Management

  • $118,000 average salary
  • Asset Management
  • Headquarters in Toronto

#8. Telus Corporation

  • $76,850 average salary
  • Telecommunications
  • Headquarters in Vancouver

#9. Shopify

  • $76,486 average salary
  • E-commerce
  • Headquarters in Ottawa

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#10. Bombardier

  • $86,000 average salary
  • Aerospace and Transportation
  • Headquarters in Montreal

#11. Manulife Financial

  • $79,703 average salary
  • Insurance and Financial Services
  • Headquarters in Toronto

#12. BCE Inc. (Bell Canada)

  • $87,000 average salary
  • Telecommunications
  • Headquarters in Montreal

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#13. Canadian National Railway (CN)

  • $95,000 average salary
  • Transportation and Logistics
  • Headquarters in Montreal

#14. Alimentation Couche-Tard

  • $70,000 average salary
  • Convenience Stores and Fuel
  • Headquarters in Laval

#15. Brookfield Infrastructure Partners

  • $100,000 average salary
  • Infrastructure
  • Headquarters in Toronto

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#16. Power Corporation of Canada

  • $100,000 average salary
  • Financial Services
  • Headquarters in Montreal

#17. Enbridge

  • $87,000 average salary
  • Energy
  • Headquarters in Calgary

#18. Nutrien

  • $83,000 average salary
  • Agriculture
  • Headquarters in Saskatoon

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#19. Rogers Communications

  • $80,000 average salary
  • Telecommunications and Media
  • Headquarters in Toronto

#20. Cenovus Energy

  • $88,000 average salary
  • Oil and Gas
  • Headquarters in Calgary

The average salaries listed are approximations and may vary depending on location, role, and experience.

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Frequently Asked Questions

What makes an employer one of the best in Canada?

The best employers in Canada have some perks, such as competitive salaries, good benefits packages, professional development, growth opportunities, a positive company culture, and a commitment to diversity, equity, and inclusion.

How are the best employers in Canada determined?

The best employers in Canada are often determined through employee surveys, independent research, and industry analysis. Employee satisfaction, engagement, and company performance carry great weight and consideration.

What industries tend to have the best employers in Canada?

The industries that tend to have the best employers in Canada vary, but some of the most commonly cited industries include technology, financial services, telecommunications, and energy.

Do the best employers in Canada differ based on region or location?

Yes, the best employers in Canada can vary based on region or location. For example, employers in Toronto may differ from those in Vancouver or Montreal.

What are some expected benefits offered by the best employers in Canada?

Expected benefits offered by the best employers in Canada include health insurance, paid time off, retirement savings plans, flexible work arrangements, and professional development opportunities. Other widespread benefits include wellness programs, employee discounts, and on-site amenities such as fitness centers and cafes.

Conclusion

The best employers in Canada offer their employees a combination of competitive salaries, excellent benefits packages, opportunities for growth and professional development, and a positive company culture.

The industries with the best employers vary, but technology, financial services, telecommunications, and energy are constant. The best employers can also vary based on region or location, with Toronto, Vancouver, and Montreal often being home to top employers.

To attract and retain the best employees, employers in Canada must focus on creating a positive work environment and offering benefits that meet the needs and preferences of their employees. By doing so, they can establish themselves as top employers and attract the best talent in the country.

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References

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