What we offer
Note that the benefits outlined here are dependent on your employment type. Specific details on your individual benefit package will be outlined in your offer letter
IBM offers Flexible Working to its employees because it makes all round good business sense. The ability to work longer hours some days, shorter hours others; the ability to work from home or an IBM location nearer to home, means you can better balance the demands of your job with your interests and home life.
On Demand Community
This is IBM's on-line volunteering community, which matches volunteers with community projects and rewards volunteer hours with funds or technology donations to people's chosen charities.
Diversity at IBM
We have created a workplace that includes everyone and excludes no one. Simply put, IBM wants the best-qualified people the world has to offer. So by design, not mandate, ours is a culture of inclusion.
At IBM we acknowledge, value and respect diversity. We draw on diversity of thought and experience to reflect the rich array of cultures representing our broad global customer base.
We recognize that in order to foster diversity we need and want to create a work environment where all employees can realize their full potential. IBM provides ongoing education, diverse mentoring and networking opportunities, flexible work options, and accommodation in the workplace.
We provide a cash compensation opportunity (including base pay, growth driven profit sharing bonus, commissions, rewards and other forms of earnings) that will attract, retain and motivate high performing employees. Your pay will be strongly influenced by the results you deliver and our overall business performance.
By linking a portion of your pay to business results, you have a personal stake in IBM's performance. Growth driven profit sharing bonus payout ranges are based on how well the company performs against business objectives and your own performance for the payout year. (Not applicable to coop/internship hires)
IBM Employee Stock Purchase Plan: Employees may purchase IBM Corporation stock at a 5% discount from the market price on the date of purchase each pay period. Stock is purchased through convenient payroll deductions, to a maximum of 10% of an employee's salary.
(Not applicable to coop/internship hires)
IBM Canada offers a wide portfolio of benefits. Many are provided to all employees at no employee cost such as:
You are enrolled at a 0% contribution level on the first pay period following your date of hire and you may choose to contribute 1%, 2%, 3% or 4% of your pensionable earnings to your DC match plan account. If you choose to contribute to the plan, IBM will match your contributions dollar for dollar, to a maximum of 4% of your pensionable earnings. You can direct these contributions to one fund or a combination -- you choose! For example, if your starting salary with IBM is $40,000 and you choose to contribute 4%, IBM will match dollar for dollar your $1,600 pension contribution. You may also change your contribution rate at any time. Arrangements have been made with three different fund managers to provide 12 investment options. If you choose not to contribute to the plan, you will not receive any matching contributions from IBM.
Vacation and holidays
Immediately upon joining IBM, you will receive three weeks of paid vacation, this is pro-rated based on your start date. After 10 years of service this will be increased to 4 weeks, and to five weeks after 20 years. We also observe 12 holidays each year. In total, a new employee joining IBM has 27 days (5 1/2 weeks) of vacation and holidays per year.
Business travel insurance
The Business Travel Insurance plan provides coverage if you are faced with a medical emergency while on business travel outside of the province where you live.
Short-term disability insurance
If you become ill or injured, the short-term disability plan can provide you with 100% of your pay for a maximum of 4 weeks. After 4 weeks, depending on your years of service, you will receive either 100% or 66.67% of your bi-weekly salary (or salary equivalent) for each day absent up to a maximum of 6 months.
Flexible medical, dental, and insurance benefits
Recognizing the diversity of our employees, flexible benefits are offered to provide you with the opportunity to tailor a benefits package that is best suited to you and your family. You choose from a variety of options that range from extensive coverage to basic, or no coverage. The choice is yours!
Each year IBM Canada will provide you with an amount of flex dollars to help pay for the flexible benefits in your portfolio. Each benefit option will have a price tag -- the cost to you for that option. If the options you select cost more than your available flex dollars, you will make up the difference with payroll deductions. If you have flex dollars leftover after making your choices, you can either take them as taxable cash, or deposit them in the Health Care Expense Account (HCEA). The HCEA allows you to use leftover flex dollars to pay for other eligible health care expenses.
The flexible benefits offered include:
In addition to the basic level of coverage provided by provincial health care plans, IBM Canada offers several supplemental health options for you to choose from. These options offer a wide range of coverage for prescription drugs, hospital room, vision and hearing care.
The flexible benefits program offers several dental options which provide different levels of coverage for routine, preventive, restorative and orthodontic services. You choose the coverage which best meets your needs and the needs of your family.
In addition to a basic level of coverage IBM provides to all employees, you can increase the amount of life insurance coverage you have. As well as employee coverage, life insurance for your spouse and/or child is also available.
Accidental death and dismemberment insurance (AD&D)
AD&D insurance pays a benefit if you die or are seriously injured as the result of an accident. You may cover yourself, your spouse and/or your children.
Long-term disability insurance (LTD)
LTD coverage continues as a portion of your income if you are disabled beyond the six months for which you receive short-term disability benefits. In addition to the basic level of coverage which IBM Canada provides to all employees, you may choose a higher level of coverage and/or coverage from two different plans. One plan provides income which is taxable, the other plan's income is non-taxable.
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