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Workplace

 

At RBC, we are bound by shared values, committed to helping our clients and proud of being a top employer. Our strong culture of employee engagement is reflective of our commitment to diversity and inclusion. We provide an enriching employee experience with opportunities to pursue rewarding and challenging work with talented and supportive colleagues, learning and development opportunities, benefits that have the flexibility to meet employees' needs, fair and competitive compensation, and support for work/life effectiveness.

2009 Performance Highlights

RBC recognized as one of Canada's Top 100 Employers for 2010

RBC named one of Canada’s Greenest Employers

RBC one of the "Best Workplaces in Canada"

RBC Diversity Blueprint released

Priorities 2008 Performance Highlights
Maintain progressive workplace polices and practices

See Principles and Policies
Our regular workplace policy review process ensures we provide flexible and effective working environments for employees

Updated and enhanced an interactive online tool to help employees understand the impact their planned retirement date will have on their pension payments and healthcare costs in retirement
Provide competitive compensation and total rewards, and enable growth through training and development opportunities

See Rewards
Invested $149 million in formal training and career development initiatives, including direct and indirect expenditures

Sponsored employee savings and share ownership programs through which the majority of employees are RBC shareholders
Respect diversity and promote inclusion

See Diversity and Inclusion
Launched MOSAIC, an employee resource group that provides newcomers to Canada and visible minorities at RBC with mentoring and networking opportunities

Piloted a Virtual Job Fair that focused on providing an accessible and engaging environment for people with disabilities; received 700 applications on the first day; 83 of those applicants have already joined RBC’s Pursue Your Potential program
Foster a culture of employee engagement
Sustained high employee engagement as indicated in our 2008 global employee opinion survey

Recognized as one of Canada’s Top 100 Employers by Mediacorp Canada Inc., which profiles organizations with innovative programs to attract and retain talented employees

Recognized as one of Canada’s Most Admired Corporate Cultures
Vital Statistics
  2008 2007 2006
Employees 50 38 36
Employees in full-time equivalent
(FTE) positions**
17
million
15
million
14
million
Employees (Canada) 1,174 1,146 1,117
Employees (United States) 4,149 3,946 3,847
Employees (Caribbean and
other international)
439 350 282
Amount invested in formal
training (including direct and indirect expenditures)
503 395 314
Workforce diversity (Canada) 127 45 44
  Women 69% 69% 70%
  Women in management 54% 55% 55%
  Visible minorities 26% 25% 24%
  Visible minorities in management 25% 24% 21%
  People with disabilities 3.8% 3.9% 3.2%
  Aboriginal people 1.6% 1.6% 1.6%

 

RBC Employment Worldwide

 
Number of
employees
Full-time
equivalent positions
Canada*
56,112
49,999
United States
14,082
13,452
International
9,906
9,872
Total
80,100
73,323

Employment in Canada
RBC is one of Canada's largest employers, with more than 56,000 employees. As at October 31, 2008

Provinces and territories
Number of
employees
Full-time
Part-time
Newfoundland and Labrador
310
225
85
Prince Edward Island
103
70
33
Nova Scotia
1,299
941
358
New Brunswick
1,348
1,150
198
Quebec
7,373
5,560
1,813
Ontario
30,538
26,052
4,486
Manitoba
2,226
1,604
622
Saskatchewan
1,305
814
491
Alberta
4,376
3,175
1,201
British Columbia
7,141
5,078
2,063
Yukon, Northwest Territories and Nunavut
93
70
23
Total
56,112
44,739
11,373
Issues
  • Changing demographics. We continue to recognize the impact of possible talent shortages in the next decade and believe that solutions should be multi-faceted, including expanding the sources of new employees, developing the capabilities of existing employees and extending the working life of retirement-eligible employees.

  • Healthcare costs. The cost of employee healthcare in Canada, and in other countries around the world, continues to increase. Escalating healthcare costs are a real issue for companies sponsoring healthcare programs. RBC continues to look for ways to proactively manage future increases in the cost of our healthcare programs. We do this by raising awareness among employees and engaging them to become smart consumers of healthcare services and to lead a healthy lifestyle.

Related Links
  Ombudsman
  Diversity
  Careers

In the News
  RBC and Imagine H20 announce winners of first global water prize (10.03.08)
  RBC hosts 18 banks at Oil Sands “Day of Learning” (10.03.01)
  RBC releases 2009 Corporate Responsibility Report and Public Accountability Statement (10.02.26)
  More >>

11/18/2009 09:14:51