LinkedIn Reveals List Of Top Companies In Canada for 2021

LinkedIn has released the Canadian edition of the 2021 Top Companies list, featuring the best workplaces for Canadians.

As the pandemic continues, the 2021 list reflects the current state of the economy which has many Canadians looking for new job opportunities. LinkedIn identifies the best workplaces to grow their career and shares the insights they need to navigate their professional journey.

LinkedIn uses its data to rank companies on the list based on seven pillars that have been shown to lead to career progression: ability to advance; skills growth; company stability; external opportunity; company affinity; gender diversity and educational background.

Here is what the highest ranked LinkedIn Top Companies are doing to attract and keep talent:

  1. RBC – During the pandemic, RBC says it continued to pay eligible employees unable to work due to COVID-19 and offered special compensation for those working onsite. The bank also said it was the first in Canada to commit to no job losses from COVID in 2020.
  1. TD – TD Bank, which also committed to no job losses in 2020 as a result of COVID, trained HR professionals to help redeploy employees from one business to another as the company adapted to changing needs.
  1. Scotiabank – The company says it is considering a wider range of applicants for some roles, focusing on assessments of skillsets over specific job requirements or backgrounds.
  1. Alphabet – Google has announced plans to open new offices in Toronto, Waterloo, and Montreal, accommodating up to 5,000 employees by 2022.
  1. Bell – The company operating some of Canada’s biggest media brands, recently set new targets for BIPOC representation in senior management of at least 25% by 2025, as well as student and graduate hiring of at least 40%.

The full 2021 Top Companies list is linked here.

Methodology:

  • LinkedIn uses its data to rank companies based on seven pillars that have been shown to lead to career progression: ability to advance; skills growth; company stability; external opportunity; company affinity; gender diversity and educational background. Ability to advance tracks employee promotions within a company and when they move to a new company, based on standardized job titles. Skills growth looks at how employees across the company are gaining skills while employed at the company, using standardized LinkedIn skills. Company stability tracks attrition over the past year, as well as the percentage of employees that stay at the company at least three years. External opportunity looks at Recruiter outreach across employees at the company. Company affinity, which seeks to measure how supportive a company’s culture is, looks at connection volume on LinkedIn among employees, controlled for company size. Gender diversity measures gender parity within a company and its subsidiaries. Finally, educational background examines the variety of educational attainment among employees, from no degree up to Ph.D. levels, reflecting a commitment to recruiting a wide range of professionals.
  • To be eligible, companies must have at least 500 employees as of Dec. 31 in the country/region and employee attrition can be no higher than 10% over the 12 months prior (based on LinkedIn data). Only parent companies rank on the list; majority-owned subsidiaries and data about those subsidiaries are incorporated into the parent company score. All data counts are normalized based on company size across the pool of companies eligible for the list. The methodology and insights time frame is Jan. 1, 2020 through Dec. 31, 2020. All of the data used is aggregated and/or de-identified.
  • They exclude all staffing and recruiting firms, educational institutions and government agencies. They also exclude LinkedIn, its parent company Microsoft and Microsoft subsidiaries.

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