CIBC Introduces New Initiative to Support Employment for Canadians Living With a Disability

TORONTO, Jan. 17, 2017 (Canada NewsWire via COMTEX)

Bank partners with social enterprise Magnet to tackle employment barriers and focus on diversity hiring

Committed to increasing employment opportunities for individuals living with a disability, CIBC (CM) CM, announced today it is partnering with Magnet, an online network that connects job seekers to employers based on skills and talent needs.

A recently commissioned CIBC and Magnet survey* reveals that nearly two-in-five working-age Canadians living with a disability are unemployed, and this newly formed partnership aims to expand access to job opportunities for persons with disabilities. The same poll reveals that lack of opportunities (13%), past non-inclusive employment experience (9%) and fear of discrimination (6%) are just some of the reasons that individuals with disabilities cite they are not employed.

“CIBC is committed to having a team that reflects our diverse clients and the communities in which we live and work,” says Laura Dottori-Attanasio, Senior Executive Vice-President and Chief Risk Officer, and Diversity & Inclusion Executive Champion, CIBC. “We recognize that persons with disabilities are a largely untapped resource pool and Magnet’s platform will help us connect with these talented and experienced individuals, with the goal of matching them with the right job opportunities at CIBC.”

CIBC is committing to hiring 500 new team members with disabilities in 2017, and will grow that number year over year. As Magnet’s Diversity partner for Indigenous peoples and Persons With Disabilities, CIBC’s funding will help Magnet to further refine its search engine technology, and expand the platform to offer more opportunities to match employers and strong talent.

“We are thrilled to partner with CIBC and are grateful for its support,” said Mark Patterson, Executive Director, Magnet. “When forming this partnership, we were impressed with the authenticity and leadership of CIBC in being an inclusive employer and supporting community initiatives aimed at addressing the issue of employment barriers. We also met and are looking forward to working with many CIBC team members who also bring their personal passion to the initiative.”

Canadians Living with a Disability Employment Poll: Key Insights

  • Amongst working-age Canadians living with a disability, almost two-in-five (37%) are not currently employed
  • Of those, two-thirds indicate they are not working as a result of their disability
  • One-in-three indicate there are still very real barriers that prevent them from obtaining meaningful employment including: lack of opportunities for individuals with disabilities (13%), their last employment experience was not inclusive (9%), lack of confidence in their own abilities (7%), and fear of being discriminated against (6%)

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