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At the Scotiabank Group, we know that our employees lead busy lives –
managing careers, caring for family members, volunteering in the community
and juggling many personal interests. To promote work, life and family balance
among all employees, we have designed policies and programs to help attract
and retain a diverse workforce, including Flexible Work Options (FWOs).
Today, approximately 3,700 Scotiabank employees in Canada alone have an FWO, including
many informal arrangements that satisfy both the Scotiabank Group's needs and individual circumstances.
Here are some of examples of our main flexible work options:
Flextime:
Flextime enables employees and their managers/supervisors to negotiate start and finish times or take unplanned days off without loss of salary, provided that work rescheduling is possible or time can be made up.
Compressed work week:
A compressed work week allows an employee to work fewer days by working longer hours during each workday. As a result, they may complete their standard workweek in four days rather than five.
Job sharing:
Job Sharing means that two employees voluntarily share one full-time job, including sharing job duties, accountabilities and hours of work.
Work at a remote location:
Sometimes referred to as telework, telecommuting or work from home, work at a remote location means you regularly work from a home office or other remote location for all or part of your work week or hold a position that requires mobility during the day, such as a Mortgage Development Manager.
Changing from full-time to temporary part-time employment:
This option allows employees to change their work schedule, within their current position, from a full-time work cycle to less than a full-time work cycle for a defined period of time of no more than six months.
Phased retirement:
The Phased Retirement program may interest employees nearing retirement who want to gradually transition out of a full-time career, at their own pace. This program allows retirement-eligible employees to contribute their skills and experience, but also gain greater flexibility by assuming reduced work hours or scheduling leaves of absence.
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