Scotiabank marks World Mental Health Day with recognition from Excellence Canada, plus benefits and initiatives to promote mental wellness

Scotiabank marks World Mental Health Day with recognition from Excellence Canada, plus benefits and initiatives to promote mental wellness

TORONTO, October 12, 2022 /CNW/ – On World Mental Health Day, Scotiabank is proud to receive the Gold Standard Award from Excellence Canada for creating a psychologically safe environment. Scotiabank is committed to being a workplace that promotes psychological well-being and actively works to prevent harm to the psychological health of employees.

Scotiabank Logo (CNW Group/Scotiabank) (CNW Group/Scotiabank)

“World Mental Health Day provides us with an opportunity to listen and reflect on the importance of the mental health and well-being of all of our employees. Recognition from Excellence Canada is a proud moment for us. as an employer, recognizing the culture we strive to create for employees,” said Barb Mason, Group Leader and Chief Human Resources Officer, Scotiabank. “By supporting and empowering employees to care their mental health and well-being, and to talk about how they feel, we are creating a workplace where everyone can thrive.”

On World Mental Health Day, and every day of the year, Scotiabank is committed to supporting the mental health and wellbeing of its employees through a number of resources and programs , notably :

  • Scotiabank has made significant progress in to reinforce mental health services under the Canada Benefit Planincreasing fully bank-paid coverage from $3,000 at $10,000 for employees of Canadaand their eligible dependents this year.

  • Improved support for caregiving: Scotiabank has increased elderly care support for employees of Canada caring for elderly family members, knowing that this can be accompanied by particular stress. Currently, employees have access to five days of back-up care per child per year. This offer has been extended allowing employees to also access five days of support for the care of the elderly.

  • Scotiabank is continuously increase the availability of psychological servicessuch as 24/7 helplines or one-to-one consultations, at no cost to employees, through various channels, across the Bank’s global footprint.

  • New global standard for parental leave: To give employees and their families more time together when starting or expanding their families, Scotiabank announced a new global minimum standard for parental leave in early 2022. This includes eight weeks fully paid for all parents with a new child and an additional eight weeks fully paid. weeks for parents who have given birth. The standard is implemented across our entire footprint by 2025. Many countries have already started implementing it, and in Canadathis will come into effect in 2023.

  • Courses, webinars and workshops on mental health: Employees have access to a variety of educational opportunities aimed at improving their mental health and well-being. From emotional intelligence and resilience to stress management and the new normal, thousands of employees around the world have learned valuable tools from top experts in each of their countries. These learning opportunities are supported by a wealth of digital resources such as internal guides, newsletters, posters and videos distributed regularly to employees.

About Scotiabank

Scotiabank is a leading bank in the Americas. Guided by our Purpose: “For Every Future”, we help our clients, their families and their communities succeed through a wide range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate banking and investment banking. , and capital markets. With a team of over 90,000 employees and assets of approximately $1.3 trillion (like a July 31, 2022), Scotiabank is listed on the Toronto Stock Exchange (TSX: BNS) and the New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews.

SOURCEScotiabank

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