Total compensationtagGRI 201-2, 201-338
Bell provides team members with total compensation packages that are competitive with the market and reflects inclusive practices in order to attract, engage and retain diverse talent.
To maintain our market competitiveness, we conduct ongoing market reviews using best-in-class compensation surveys to assess what large Canadian companies are paying. Cost of living and inflation rates are also reviewed so that we may take appropriate actions as needed.
Bell is a leader in the Canadian market, providing competitive wages, perquisites and/or bonuses that equate to a total compensation package well above the minimum wage to ensure a good standard of living for our team members. We also recognize our employees for their performance by aligning compensation with our 6 strategic imperatives and financial results to create value for our stakeholders.
As part of our commitment to inclusive compensation practices, we provide equitable compensation based on skill, role, performance and the external market, regardless of gender, age, disability, gender identity and expression, sexual orientation, race, ethnicity, cultural heritage or creed. We also perform frequent wage gap analyses to ensure equity alignment.
Bell’s compensation package includes a competitive base salary, strong performance incentives, retirement plans operating under a new Responsible investing policy, a wide range of benefits including vacation days and paid holidays, flexible working conditions through our Bell Workways program, comprehensive employer paid group health plans and paid sickness and disability leaves. We also offer added savings and wealth-building opportunities, including an employee stock purchase plan (ESP) with company matching, group tax-free savings account (group TFSA) and a group retirement savings plan (group RSP). Moreover, we offer team member discounts on Bell services and purchases at The Source, among other exclusive offers provided by our retail, hospitality, travel, insurance, fitness and automotive partners.
Our incentive plans reflect both the company’s success and individual achievements. We have a multitude of incentive plans tailored to various roles to recognize and reward high performance. The majority of employees participate in the Achievement Incentive Plan, which over the last few years has resulted in payouts that consistently paid very close to or above targets.
For information on benefits and on retirement and savings plans, see the Sustainable financing section of our website, our Annual Report and the Benefits, retirement, and savings information sheet.tagGRI 401-2, 401-3