President's Choice Financial|About us|we're hiring|employees matter: rewards and development

employees matter: rewards and development

We, CIBC, have designed our benefits programs to be flexible, and we've committed to meet the changing needs of our employees.

We're also dedicated to the development and recognition of our employees. We invest in our talent through professional development programs, and we ensure our employees are rewarded for their outstanding achievements.

total compensation
pension and benefits
recognition and rewards
career management
continuous learning

total compensation

While President’s Choice Financial® representatives receive a very competitive base salary, there is much more to consider when calculating total compensation. Your total compensation is made up of several components:

salary
Base salary is determined by each of the following factors:

Competitiveness with the external market based on individual capability level
Consistency and fairness of pay decisions using calibration
Individual capability (knowledge, skills and experience) relative to job requirements

incentive pay and variable compensation

President’s Choice Financial in-store employees have the opportunity to earn incentive compensation to recognize individual performance and share in the success of the business.

Pay-for-performance is the foundation of the Variable Compensation incentive plan. The plans for all sales employees have been developed to help us achieve our performance goals by tying employee incentive awards to the achievement of individual goals and business priorities.

All in-store Personal Banking Representatives, Area Managers and Regional Sales Managers are eligible to participate in the Variable Compensation plan.

pension and benefits

Pension and benefits are another important component of your total compensation as a President’s Choice Financial representative. Our benefits and pension programs are targeted to be consistent with market practice. They demonstrate our commitment to the health and well-being of our employees and assist with retirement planning.

As a President’s Choice Financial representative, you can also take advantage of other benefits, such as:

share purchase plan
This plan provides a way for you to acquire CIBC stock and achieve long term financial objectives such as saving for a home, vacation and retirement.

employee banking offer
All employees are eligible for the CIBC employee banking offer whether they are full-time, part-time, temporary or permanent - regardless of job level, salary or years of service. The offer includes special interest rates, special services and lower transaction fees.

recognition and rewards

Recognizing the achievements and contributions of employees is very important to CIBC. In addition to pay-for-performance compensation practices across the organization, the Achievers Recognition Program acknowledges the exceptional performance of individuals and teams who demonstrate passion for their work, commitment to their clients and live our core values of trust, teamwork and accountability. This program offers informal recognition and formal quarterly individual and team awards, together with an annual business conference to acknowledge truly exceptional performance. With over 5,000 awards being distributed throughout the year, the Achievers Recognition program demonstrates that we are committed to our employees - we believe that our mutual success begins with every individual.

career management

At CIBC, career management means seeking opportunities, making discoveries, taking accountability for personal and professional growth, and being pro-active. It means working today with an eye on tomorrow.

Your manager will help you understand your current responsibilities as well as where to access information on other jobs within the President’s Choice Financial group at CIBC. Personal development planning - focused on both the short and long term - will help you build your career.

continuous learning

In today's fast-paced world, ongoing learning and development is critical to both your career success and our success as a business. CIBC works towards the continuous education and personal growth of its employees through a wide range of educational programs.

Global Tuition Assistance
CIBC's Global Tuition Assistance program is designed to help employees advance their careers through job-related education. Tuition assistance is available to permanent employees (with some exceptions) who have completed six months of continuous service.

CIBC Knowledge Network
The CIBC Knowledge Network (CKN) is a centralized global learning portal found on our intranet. This site contains a wealth of information to help employees manage their careers and improve performance and productivity, such as:

Orientation for new employees
Learning catalogues
Individual development plans
Harvard Manage Mentor
A special section to help our managers develop their management and coaching skills