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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 |
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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
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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 |
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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.
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