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Message from the CEO
 

Employment

RBC Financial Group is one of Canada’s largest employers, with a growing number of employees in the United States and in our international locations. In 2003, we employed 69,873 people in 60,812 full-time equivalent positions worldwide.

 

 
   

Employment worldwide  
2003 fiscal year (ended October 31, 2003)    
Number of employees Full-time equivalent positions
Canada 53,715 44,950
United States 12,336 12,159
International 3,822 3,703
Total 69,873 60,812
 
   
   

Employment in Canada
2003 fiscal year (ended October 31, 2003)  
Province Number of employees Full-time Part-time
Newfoundland and Labrador 349 234 115
Prince Edward Island 110 72 38
Nova Scotia 1,458 986 472
New Brunswick 1,385 920 465
Quebec 7,651 5,182 2,469
Ontario 27,766 22,183 5,583
Manitoba 2,265 1,402 863
Saskatchewan 1,563 990 573
Alberta 3,854 2,585 1,269
British Columbia 7,237 4,630 2,607
Yukon, Northwest Territories & Nunavut 77 61 16
Total 53,715 39,245 14,470
 
   

 

A recognized leader
At RBC Financial Group, we are privileged to have received national recognition as being an employer of choice in 2003.

In January, RBC was once again named Canada’s top corporation in the area of People Management in the annual “Canada’s Most Respected Corporation” poll conducted by KPMG/Ipsos Reid, and appearing in The Globe and Mail newspaper. RBC has topped this category in four of the last five years, thanks to our leading-edge human resource programs. For example, almost one-third of RBC employees in Canada work in some form of flexible work arrangement, such as flextime, modified work weeks, job sharing, and work-at-home arrangements. RBC offers such innovative programs as community service leave and phased retirement, and over 80 per cent of eligible employees take part in RBC’s share ownership plan.

A learning culture
RBC has built a strong reputation as an organization committed to providing continuous learning opportunities for all employees so they can deliver a superior client experience, and are able to adapt to continuous change.

As a financial services organization, we believe our clients deserve the most professional financial advice and knowledge, so we ensure our employees have the levels of professional skills and accreditation they need to excel in a competitive marketplace.

Learning doesn’t just happen in the classroom any more. RBC continues to increase the number of other channels through which employees can learn, including the Web, satellite television and online meetings.

In 2003, RBC’s total investment in employee learning was more than $130 million.

From Canadian roots to a global perspective
RBC’s history has been driven by our ability to expand to new frontiers, and we now have operations in 30 countries. As we have grown our businesses outside of Canada, we have also added to our international employee base.

As little as three years ago, we had a few hundred employees in the United States, and a few thousand around the world. Now, we employ more than 15,000 people outside of Canada. As an employer focused on achieving our vision of “always earning the right to be our clients’ first choice,” we are committed to providing all our employees worldwide with a total rewards package that includes competitive compensation and benefits, professional career opportunities, innovative learning programs, and a positive and engaging work environment.

 

 

 

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