CIBC among Canada’s Best Employers for New Canadians for 2008

by NationTalk on February 25, 20081195 Views

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TORONTO, Feb. 25 – CIBC (CM: TSX;NYSE) has been selected as one of Canada’s “Best Employers for New Canadians for 2008.” The award recognizes employers from across Canada that lead their peers in creating a workplace that welcomes new Canadians and allows them to make the most of their skills, education and talents. The winners were selected by the editors of Canada’s Top 100 Employers and the Toronto Region Immigrant Employment Council (TRIEC). “Over the past two decades, CIBC has focused on increasing the representation, participation and advancement of our employees who are new to Canada and who have historically faced barriers in employment,” said Richard Venn, Senior Executive Vice-President of Corporate Development and CIBC Diversity Champion. “Across CIBC, employees at all levels are engaged in fostering diversity, and ensuring we have a fair and inclusive workplace.

“We are proud that CIBC’s efforts have resulted in our meeting or exceeding workforce representation goals for all four groups designated under Canada’s Federal Employment Equity Act: women, visible minorities, Aboriginal peoples and persons with disabilities,” added Venn. “We are the first financial institution in Canada to accomplish this and we will continue to keep our commitment to building a workforce that reflects the clients and communities we serve.”

One of the ways CIBC assists recent immigrants in finding suitable employment is through Career Bridge internships, a program designed to address the dilemma faced by newcomers without Canadian work experience. Under the program, CIBC has supported 18 interns, 70 per cent of whom were successful in securing a permanent position in CIBC after their internship. CIBC’s commitment and results with Career Bridge were recognized by Toronto Region Immigrant Employment Council (TRIEC) as a best practice in sourcing skilled immigrants.

“My Career Bridge internship at CIBC has opened the door for me to gain the Canadian experience needed to bring my career one step further as well as giving me the opportunities to search for the jobs which match my work experience and background education,” said Sunday Asha, an Internal Controls quality assurance and testing officer. “The work environment at CIBC is friendly and welcoming. The people are more than willing to help out, starting from the mentors, the co-workers and the top executives. They were and are willing to support me every step of the way.”

CIBC has a Newcomers to Canada link on its web site where new immigrants can find information on careers at CIBC.

CIBC is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. You can find other news releases and information about CIBC in our Press Centre on our corporate website at www.cibc.com.

For further information: Doug Maybee, Director, External Communications and Media Relations, CIBC, Tel: (416) 980-7458, doug.maybee@cibc.com

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