Assumption Mutual Life Insurance

Assumption Life's physical workplace is rated as average. Located in downtown Moncton, the company is located in the city's tallest building and provides great views of the surrounding citiy and the riverfront. The building is also home to the Delta beauséjour Hotel and Conference Centre. Inside, the head office features onsite fitness facility (which is part of the Delta hotel and features subsidized memberships, treadmills, swimming pool and shower facilities); secure bicycle parking; outdoor eating area; self-serve lunchroom; adjacent walking and cycling trail; Tim Hortons and Timothy's coffee shops across the street.

Assumption Life's work atmosphere is rated as very good. On the job, employees enjoy business casual dress; casual dress Fridays; can listen to music while working; organized social events. Every year, employees enjoy an outdoor summer barbeque, an afternoon Christmas party (for all head office employees), a children's Christmas party with Santa, and lunch with the CEO for all new employees. All departments receive a special budget for at least two departmental social events every year. During the year, the company keeps employees up to date through a corporate corporate intranet site.

Assumption Life's financial benefits are rated as above-average. To keep salaries competitive the company participates in outside salary surveys every 12 months. Individual salaries are reviewed every 12 months. In addition to ensuring the pay levels remain competitive, the company provides new employee referral bonuses (to $1,000 for some positions); profit-sharing plan for all employees; defined benefit pension plan; life & disability insurance; retirement planning assistance; and discounts on company products and services. The company's profit-sharing plan is based on overall profitability, departmental objectives and individual performance -- bonuses for entry-level employees can range as high as 6% of salary.

Assumption Life's health and family benefits are rated as average. The company health benefits plan is self-insured. As part of the health plan, the employer pays 55% of the premiums. Employees who work 20 hours per week receive coverage. There is no waiting period before coverage begins. Employees receive full family coverage on the health benefits plan. The basic plan includes routine dental; restorative dental; orthodontics; eyecare ($225 every 2 years); traditional medicine coverage; alternative medicine coverage; massage therapy; medical equipment and supplies; homecare; employee assistance (EAP) plan; travel insurance. Assumption Life's family-friendly benefits include; maternity top-up payments (to 100% of salary for 17 weeks); parental leave top-up for adoptive parents (to 100% of salary for 17 weeks). Additional family-friendly benefits include; flexible working hours; telecommuting; shortened work week (fewer hours with less pay); earned days off (EDO) program.

Assumption Life's vacation and personal time-off are rated as average. New employees receive 2 weeks of vacation allowance after their first year. Vacation increases after 2 years on the job. Long-serving employees receive a maximum of 6 weeks of vacation each year. Employees can schedule 3 personal days off each year, as needed. Employees receive 120 paid sick days every year. Employees can also apply for an unpaid leave of absence.

Assumption Life's employee engagement program is rated as very good. Employees receive individual performance reviews every 4 months. As part of the review process employees can provide confidential feedback on their manager's performance. The company recognizes exceptional performance through a profit-sharing plan as well as the annual President's and Management Award, which recognizes four top performing employees every year -- providing extra paid days off, over $1,000 and some company swag. The company also awards five employees for their exceptional service with prizes and special trophies and honours its top sales employees with a sales convention trip for two to an exotic locale, such as the Bahamas. Assumption Life sponsors its own in-house employee satisfaction survey. (Surveys are conducted every 24 months); Assumption Life hires an outside consultant to conduct confidential employee satisfaction and engagement surveys. (These surveys are held every 24 months).

Assumption Life's training and skills development program is rated as above-average. Employees receive tuition subsidies for courses related to their position. (The employer subsidizes up to 100% of tuition). Employees may also receive tuition subsidies for courses unrelated to their current position. (The employer subsidizes up to 75% of non-related tuition). Subsidies for professional accreditations; financial bonuses for course completions; in-house training programs; online training programs; online employee skills inventory; formal mentoring program; career planning services.

Assumption Life's community involvement program is rated as above-average. Every year, the company and its employees support a variety of local and international charitable initiatives. Employees take part in the selection of charitable groups assisted each year. Employees receive paid time off to volunteer with their favourite charitable organizations. Last year, employees and the company support the annual Untied Way campaign, with employees selecting the charities to receive support. In addition, Assumption Life has invested over $600,000 in the Atlantic Cancer Institute over the past seven years, donated over $54,000 in scholarships last year, and helped raise money to support an employee who volunteered with an international charities in Peru -- and provided paid-time off while volunteering.