Stryker employees during a Holiday Sweater Day event
Chosen as one of Canada's Top 100 Employers and Hamilton-Niagara's Top Employers for 2013:
By Richard Yerema and Kristina Leung, Mediacorp Canada Inc. staff editors
(Oct 9, 2012)
Some of the reasons why Stryker Canada
was selected as one of Canada's Top 100 Employers for 2013
- offer a number of excellent financial benefits, including a share purchase plan, year-end performance bonuses, employee referral bonuses and matching RSP contributions
- encourages employees to keep in-shape with free membership to an onsite fitness facility
- depending on their position, employees can take advantage of flexible work hours and telecommuting arrangements
- provides maternity and parental leave top-up payments (to 100% of salary for 12 weeks) for new mothers and fathers, including adoptive parents -- and also offers generous in vitro fertilization (IVF) coverage (to $15,000) if needed
- invests in ongoing employee development through subsidies for tuition and professional accreditation, formal mentoring, career planning services and a variety of in-house and online training programs
Stryker Canada Inc. markets and distributes specialty surgical and medical products, including reconstructive, medical and surgical, and neurotechnology and spine products to healthcare providers across the country.
Stryker Canada is the Canadian division of Michigan-based Stryker Corporation. Established in 1941, the publicly-traded parent company employs over 19,500 employees and is widely recognized as a leader in the orthopedic market, providing specialized medical products and services to healthcare professionals around the world.
Industry: Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers.
Major Canadian hiring locations: Hamilton ON.
Stock symbol: SYK.
Revenues: $8,300 million.
Parent company: Stryker Corporation.
Full-time at this location: 123.
Full-time employees in Canada: 213.
Full-time worldwide: 19,500.
Part-time employees in Canada: 3.
Number of applications received at this location last year: 2,500.
Average age of all employees: 37.6.
Longest serving employee: 36.8 years.
Stryker Canada's physical workplace is rated as very good. The company's suburban head office offers convenient highway access and plenty of free parking for commuters. The two-storey head office is located atop the scenic Niagara Escarpment and features an outdoor patio and is close to walking trails, a number of conservation areas as well as the incredible Bruce Trail that winds alongside the escarpment, from Queenston on the Niagara River to Tobermory on Lake Huron. Inside, the head office features onsite fitness facility (with free membership, treadmills, stairmasters, weights, shower facilities and instructor-led classes such as yoga); employee lounge (with television); nap room; secure bicycle parking; free parking; self-serve lunchroom, and onsite conference and training facility.
Work Atmosphere & Communications
Stryker Canada'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. The company-subsidized Stryker Canada Social Committee organizes a variety of events throughout the year including an annual holiday dinner and dance, children's Christmas party, summer barbecue, golf tournament and pumpkin carving contests for Halloween. Stryker captures employee feedback and keeps employees up to date through a company newsletter; corporate intranet site; traditional suggestion box; email suggestion box.
Financial Benefits & Compensation
Stryker Canada's financial benefits are rated as very good. To keep salaries competitive the company participates in outside salary surveys every 12 months. Individual salaries are reviewed every 12 months. The company also offers share-purchase plan for all employees; year-end bonuses for all employees; generous year-end bonuses (to $75,000), depending on the position; matching RSP contributions (up to 7% of salary); new employee referral bonuses (to $2,000 for some positions); life & disability insurance; discounted company products, and life and disability insurance.
Health & Family-Friendly Benefits
Stryker Canada's health and family benefits are rated as very good. The company's health benefits plan is managed by Manulife Financial. As part of the health plan, the employer pays 100% of the premiums. Employees who work 15 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 ($300 every 2 years); traditional medicine coverage; alternative medicine coverage; employee assistance (EAP) plan; healthclub subsidy (to $100 each year); medical equipment and supplies; physiotherapy; massage therapy; homecare; travel insurance. As part of the plan, employees also receive a healthcare spending account (to $300 every year) to be used for additional coverage, with unused credits carried forward to the upcoming year. Stryker's family-friendly benefits include; maternity top-up payments (to 100% of salary for 12 weeks); parental leave top-up for new fathers (to 100% of salary for 12 weeks); parental leave top-up for adoptive parents (to 100% of salary for 12 weeks); health benefits during maternity and parental leave; extended unpaid parental leave option (beyond the first year). Additional family-friendly benefits include; compassionate top-up payment (to 100% of salary for 8 weeks) while caring for a family member; flexible working hours; shortened work week (fewer hours with less pay); telecommuting.
Vacation & Personal Time-Off
Stryker Canada's vacation and personal time-off are rated as average. New employees receive 3 weeks of vacation allowance after their first year. Vacation increases after 10 years on the job. Long-serving employees receive a maximum of 6 weeks of vacation each year. Employees receive 6 paid sick days every year.
Stryker Canada's employee engagement program is rated as above-average. Employees receive individual performance reviews every 3 months. Managers receive training in how to conduct effective performance reviews. Performance feedback is also solicited from co-workers and other managers familiar with each employee's work. As part of the review process employees can provide confidential feedback on their manager's performance. Exit interviews are provided for departing employees. The company recognizes performance through a range of informal and formal recognition programs including personalized notes of appreciation, quarterly and annual performance awards and service awards in recognition of longstanding employees. Stryker Canada sponsors its own in-house employee satisfaction survey. (Surveys are conducted every 12 months); Stryker Canada hires an outside consultant to conduct confidential employee satisfaction and engagement surveys. (These surveys are held every 12 months).
Training & Skills Development
Stryker Canada's training and skills development program is rated as above-average. Employees receive tuition subsidies for courses related to their position. Employees may also receive tuition subsidies for courses unrelated to their current position. In addition to tuition subsidies, the company provides subsidies for professional accreditations; formal mentoring program; career planning services; in-house training programs; online training programs; online employee skills inventory; new employee orientation program; formal management training program; paid internship opportunities and a year-long mentoring program that pairs top performers with experienced members of the leadership team.
Stryker Canada's community involvement program is rated as above-average. Stryker supports a variety of local, national and international charitable initiatives. Approximately 11 charitable and community organizations were supported last year. In March, Stryker participated in a global fundraising campaign through the American Red Cross to assist those affected by the Japan earthquake and tsunami. The company matched employee donations dollar for dollar as well as donating an additional $150,000. The company also supports several non-profit healthcare organizations such as Operation Smile, Operation Walk and Doctors without Borders.
|This Employer Review has been viewed 31,768 times.|
|©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.