| |
RBC is considered a top employer, reflective of our progressive
policies, a commitment to diversity and inclusion, and a strong
culture of employee engagement. We provide an enriching employee
experience with competitive compensation, flexible benefit
programs, training and career development opportunities, and
support for work/life effectiveness initiatives.
RBC Employment Worldwide
For the fiscal year ended October
31, 2007
| |
Number of employees |
Full-time equivalent positions |
| Canada |
54,960
|
48,837
|
| United States |
12,181
|
11,663
|
| International |
4,619
|
4,545
|
| Total |
71,760
|
65,045
|
| |
Employee Compensation and Benefits*:
|
| 2007: $7.9
billion |
| 2006: $7.3
billion |
| 2005: $6.8
billion |
| *These figures are provided for RBC's
global operations. |
Priorities
Our priorities include ensuring that we:
2007 Performance highlights
Provided employment to 71,760 people in full- and part-time
positions.
- Invested $166 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.
- Sustained high employee engagement as indicated in our
2007 global opinion survey.
Issues
- Experts predict that many organizations, including banks,
will face critical talent shortages in the next decade.
We recognize the impact of demographic shifts 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.
- The cost of employee health care in Canada, and in other
countries around the world, continues to increase. With
health care inflation of about 7 per cent to 8 per cent
per annum and some industry projections as high as 15 per
cent per annum, escalating health care costs are a real
issue for companies sponsoring health care programs. RBC
continues to look for ways to proactively manage future
increases in the cost of our health care programs. We do
this by raising awareness and engaging employees to become
smart consumers of health care services and to lead a healthy
lifestyle.
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