Goldcorp employees at a charity awards event
Chosen as one of Canada's Top 100 Employers and British Columbia's Top Employers for 2013:
By Richard Yerema and Kristina Leung, Mediacorp Canada Inc. staff editors
(Oct 9, 2012)
Some of the reasons why Goldcorp
was selected as one of Canada's Top 100 Employers for 2013
- encourages employees to be active in the broader community with paid time off to volunteer with local community organizations
- supports ongoing employee development with tuition subsidies for job-related courses, in-house training programs, online skills inventory and formal leadership training
- starts new employees with three weeks of paid vacation allowance as well as paid time-off during the holiday season
- helps employees save for retirement with generous matching RSP contributions and lets head office and senior management employees share in the company's success through a share-purchase plan
- depending on their position, the company provides parental leave top-up payments (to 80% of salary for 26 weeks) for new mothers, fathers and adoptive parents
- in addition to a comprehensive health benefits program, the firm encourages employees to stay in-shape with a generous fitness club subsidy (to $750 each year)
Goldcorp Inc. is a Canadian gold production company that specializes in responsible mining practices.
In addition to mining, the publicly-traded company is also active in exploration, extraction, processing and reclamation activities. The company continues to expand through new acquisitions, recently acquiring Ontario-based Gold Eagle Mines Ltd.
Industry: Gold Ore Mining.
Major Canadian hiring locations: Toronto ON, Timmins ON, Thunder Bay ON, Chibougamau QC, Rouyn-Noranda QC.
Stock symbol: G-T.
Revenues: $3,800 million.
Full-time at this location: 106.
Full-time employees in Canada: 2,290.
Full-time worldwide: 7,502.
New jobs created in Canada last year: 157.
Workforce engaged on a contract basis: 48.3%.
Number of applications received at this location last year: 3,900.
Average age of all employees: 41.
Longest serving employee: 42 years.
Goldcorp's physical workplace is rated as above-average. Located in the heart of Vancouver's Financial District, Goldcorp's head office occupies the top two floors of the 35-storey Park Place office tower. Within easy walking distance of a Skytrain station and Stanley Park, the head office features a secure bicycle parking; free parking.
Work Atmosphere & Communications
Goldcorp'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. Throughout the year employees gather for a variety of fun social events, including an annual Christmas party and luncheon, a family Christmas party hosted at the Vancouver Aquarium, golf tournament and dinner,and an annual Shakespearean summer outdoor dinner theatre production. Throughout the year, Goldcorp keeps employees up-to-date through a company newsletter; corporate intranet site.
Financial Benefits & Compensation
Goldcorp's financial benefits are rated as very good. To keep salaries competitive the company participates in outside salary surveys every 6 months. Individual salaries are reviewed every 12 months. Employees may also receive share-purchase plan for all employees; signing bonuses for some employees; year-end bonuses for all employees; generous year-end bonuses (to $50,000), depending on the position; matching RSP contributions (up to 9% of salary); life & disability insurance; (Goldcorp's share option program is available to its head office employees and senior management employees at their worldwide operations, with options varying with seniority).
Health & Family-Friendly Benefits
Goldcorp's health and family benefits are rated as above-average. Goldcorp's health benefits plan is managed by Great West Life. As part of the health plan, the employer pays 100% of the premiums. Employees who work 20 hours per week receive coverage. There is no waiting period before coverage begins. Family coverage is available on the health benefits plan. The basic plan includes routine dental; restorative dental; orthodontics; eyecare ($400 every 2 years); traditional medicine coverage; alternative medicine coverage; fertility treatment medications; employee assistance (EAP) plan; healthclub subsidy (to $750 each year); medical equipment and supplies; massage therapy; homecare; travel insurance. Goldcorp's family-friendly benefits include (for some employees): maternity top-up payments (to 80% of salary for 26 weeks); parental leave top-up for new fathers (to 80% of salary for 26 weeks); parental leave top-up for adoptive parents (to 80% of salary for 26 weeks); health benefits during maternity and parental leave. (New mothers receive a 100% top-up for the first 6 weeks of their leave, followed by an 80% top-up for the above 20 weeks.) Additional family-friendly benefits include a bereavement leave (from 3 to 5 paid days each year, depending on distance travelled) as well as a Family Responsibility leave program (to 7 paid days each year); flexible working hours; shortened work week (fewer hours with less pay).
Vacation & Personal Time-Off
Goldcorp's vacation and personal time-off are rated as above-average. New employees receive 3 weeks of vacation allowance after their first year. Vacation increases after 5 years on the job. Long-serving employees receive a maximum of 6 weeks of vacation each year. During the Christmas to New Year's holiday break, employees receive an additional 3 days off. Employees can schedule 7 personal days off each year, as needed. Employees receive 3 personal days off, as scheduled by their employer. Employees can also apply for an unpaid leave of absence. (The company's paid personal days off program are part of the previously mentioned Family Responsibility leave option).
Goldcorp's employee engagement program is rated as very good. Employees receive individual performance reviews every 6 months. Goldcorp hires an outside consultant to conduct confidential employee satisfaction and engagement surveys. (These surveys are held every 36 months).
Training & Skills Development
Goldcorp's training and skills development program is rated as very good. Employees receive tuition subsidies for courses related to their position. (Employer covers up to 100% of tuition). In addition to tuition subsidies, the company also supports ongoing career development with subsidies for professional accreditations; in-house training programs; online training programs; online employee skills inventory; new employee orientation program; formal management training program. Goldcorp established the Learning Center at their Musselwhite location, to help employees upgrade their literacy skills or learn Spanish.
Goldcorp's community involvement program is rated as average. Employees at Goldcorp are invited to make suggestions regarding what charitable organizations they would like to support. The requests are reviewed by a sponsorship committee that decides if the initiative aligns with the the company's community 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. As part of this program, employees receive 2 paid days off to volunteer. Approximately 116 charitable and community organizations were supported last year.
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|©2013 Mediacorp Canada Inc. All rights reserved. Used by Eluta with permission. For comments or questions on this employer review, please contact Mediacorp's editorial team.