Our Canada
employee benefits

We're at our best when you're at yours
Our mission to improve the lives of our employees means helping all our people to balance
work responsibilities with the demands of personal and family life. At the heart of that support are our
competitive compensation, benefits, and health and wellness programs. The Total Rewards Concept at Philips
comprises fixed elements that provide stability and performance elements that give additional earnings potential.
​​​​​​​Plans are assessed on an ongoing basis to ensure Philips is well-positioned in the markets we serve. 

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Work/Life Balance

Vacation
Flexible vacation days are provided so you may take time to rest and relax. Employees accrue time based on years of service with a minimum of 3 weeks. 
New Parents
Up to maximum 17 weeks of maternity leave top up payment for birth mothers and up to maximum 5 weeks of paid parental leave top up payment for fathers and adoptive parents. The top up payments are in addition to the EI benefits. As well as paid Significant Other Birth Event Leave.
Compassionate Care Leave
Up to maximum of 5 weeks of compassionate care top up payment to employees who qualify for and take a Compassionate Care leave.
Volunteerism Leave
To allow the opportunity to volunteer with non-profit organizations aligned with Philips’ focus on health and well-being, we provide 2 paid days off per year. 
Inclusion and Diversity Day
1 paid day off to observe an important event or celebration. You may use this day to recognize a religious holiday, day of cultural significance, PRIDE event or to learn about other cultures.
Hybrid Work Model
Our hybrid work model includes a mix of in-office and remote work. The goal is to improve employee engagement and productivity, as well as enable innovative and collaborative ways of working. 

Career Health

Philips University
Unlimited access to a wide range of education and learning topics, such as leadership development, LEAN certification, personal skills, and functional excellence, among many others.
Education Assistance Program
We provide financial assistance to employees pursuing supervisor-approved educational courses that support further career progress and self-improvement.
Education Leave
For employees who are pursuing qualified continuing education, Phillips offers one paid day off per academic term to write or prepare for final exams. 

Physical Health

Medical Plans
Our flex health benefits plan allows you to choose from three option levels the coverage that's right for you, instead of a one-size-fits-all package.
Dental Plans
Our flex dental benefits plan allows you to choose from four option levels the coverage that's right for you, instead of a one-size-fits-all package.
Employee Assistance Program
You and your eligible dependents can receive support over the phone, in person, online and through a variety of issue-based health and wellness resources.

Financial Health

Employee Stock Purchase Plan
Employees can purchase Philips stock at a 15% discount through payroll deductions, with no brokers fee. Any dividends are automatically reinvested in Philips stock.
Retirement Plans
In order to support you in your retirement and investment goals, Philips offers employees two retirement plans including a DC Pension Plan and a Group RRSP. 
Retirement Investment
You may choose how to invest your contributions from a number of expertly-selected options. There are options available for every type of investor and investment experience level.
Insurance Plans
Philips offers Life, AD&D, and Critical Illness insurance to ensure your family is looked after financially. In addition to the mandatory coverage required, you may increase coverage levels based on your needs.
Short-Term Disability Plans
Up to 26 weeks paid disability benefits. Available for eligible employees to protect against financial hardship in the event of personal illness or injury that makes you unable to work. 
Long-Term Disability Plans
LTD begins after 26 weeks of total disability. Available for eligible employees to protect against financial hardship resulting from personal illness or injury that requires medical absence for an extended period of time.