Compensation and Benefits at Ericsson At Ericsson, we know that our people are the key to our success.
We offer a competitive package to help with your individual needs and goals.
Your Pay The salary offered is dependent on various factors including, but not limited to, location, and the candidate’s combination of job-related knowledge, qualifications, skills, education, training, and experience.
The salary range for this position is
- Ontario: $127,000 - $166,950 CAD
Short-Term Variable Compensation Plan: Your pay also includes the opportunity for an annual bonus.
Actual bonus payouts are based on performance of the business against the unit’s objectives, individual performance, and the individual bonus target.
Certain eligibility and pro-ration rules apply.
Your Health Ericsson offers excellent health benefits including the choice of 3 medical and dental plan options that allow an employee to select the level of coverage that suits their needs.
Core level coverage is paid for fully by Ericsson.
Your Financial Security We invest in both your short and long-term financial wellbeing.
Ericsson’s Group Retirement & Savings Program offers an automatic 2% company contribution into the Pension Plan.
Ericsson also offers a 50% match of employee’s contribution into the Registered Retirement Savings Plan, up to 8% of the employee’s contribution (maximum of 4% match).
This leads to a total company contribution potential of 6%.
Employees will also receive basic life insurance and basic accidental death and dismemberment coverage at two-times annual base pay at no cost, as well as short-term disability coverage.
Employees also have the option to participate in Ericsson’s Stock Purchase Plan.
Your Time Your work-life balance is important to us.
New employees are provided a minimum of 18 days of accrued vacation, plus at least 3personal days, minimum 10 holidays, 1 volunteer day, and sick days.
Please note paid time off is pro-rated based on the employee’s start date.
Furthermore, Ericsson provides up to 10 weeks of paid maternity leave and 6 weeks of parental or adoption leave at 100% of pay.
Additional Benefits Ericsson offers many other company-paid benefits such as financial wellness programs, educational assistance, matching gifts, wellness account, and recognition programs.
