A group’s privileges
|The benefits offered by Canam Steel may differ between regions.|
We recognize the importance of having working conditions that are fair and equitable and that are competitive with market practices. To this end, our pay structures are reviewed on a regular basis.
| ||Group insurance|
We offer a complete range of benefits, including life insurance, short- and long-term disability insurance, health and dental care. The group insurance plan has a flexible approach to better meet the specific needs of employees with individual or family coverage.
Financial security becomes an increasingly important part of retirement planning over time. We are well aware of this fact and offer all employees the opportunity to plan for a more comfortable and enjoyable retirement. All employees are eligible to join one of the company's retirement plans. Both the employee and the employer contribute to these plans.
| ||Employee Assistance Program (EAP)|
Our aim is to help employees balance their professional and family lives. The EAP is a confidential service available to employees. It enables employees to receive professional counselling or information.
We are committed to recognizing employees for their loyalty and dedication over the years. A celebration is held each year to honor employees who have reached milestone years of service and retired employees as well.
We understand the importance of sharing the company’s financial success with all employees. That is why we have a profit-sharing plan. The payments are quarterly and based on the company’s earnings. Senior managers also have a profit-sharing plan, which is in keeping with market practices.
| ||Social activities|
We encourage our employees and their family members to get to know one another outside the work setting by taking part in social activities organized by the company or the social club, where applicable. The company contributes financially to activities organized by a facility's social committee.
| ||Open and transparent communication|
We are strongly committed to keeping employees up-to-date on new developments within the company through an open and transparent communication process. We use various communication tools, such as the intranet, newsletters and bulletin boards, to keep all our employees well informed. Employees are convened every three months to an information meeting for a presentation on the company's performance over the previous quarter. They are briefed on the company's financial results, the latest news, projects, transfers, appointments, new employees and the profit-sharing program. Regular team meetings are also organized for shop employees.
We also want employees to feel comfortable approaching their supervisor or any member of management. Managers have an open-door policy to encourage dialogue between employees and their employer.
| ||Continuous training|
We believe that continuous training is a key element in fostering the development of our employees and ensuring succession planning. Each individual's training needs are taken into consideration, and group training is provided where necessary.
Professional development and career advancement are part of our corporate culture. We consider our own employees for promotions by posting job offers before looking outside the company to fill vacant positions.