Business Communication Assignment: RBC's Diversity in Canada Essay

This essay examines the Royal Bank of Canada's (RBC) commitment to diversity and inclusion in the Canadian workplace. It analyzes RBC's policies, programs, and initiatives that contributed to its recognition as a leading diverse and inclusive company in 2019. The essay highlights RBC's approach to fostering diversity, including its emphasis on equal opportunities, employee benefits, and the promotion of an inclusive work environment. It also discusses the company's efforts to address the gender pay gap and improve employee well-being. The analysis draws on RBC's public statements, reports, and policies to provide a comprehensive overview of its diversity strategy and its impact on the workplace. The essay emphasizes the significance of diversity and inclusion for innovation, economic prosperity, and ethical business practices, as demonstrated by RBC's commitment to these values.

BUSINESS COMMUNICATION 0
Diversity in the Canadian
Workplace
[Pick the date]
[Year]

BUSINESS COMMUNICATION 1
This essay will highlight, how the Royal Bank of Canada (RBC) became 3rd most diverse
and inclusive company in 2019 (Inclusion, 2019). RBC has launched programmes, policies and
projects for diversity and inclusion. In last discussion will focus on job benefits and gender wage
gap in RBC.
Gender wages or salary gap
Definition
The Cambridge dictionary stated the gender pay gap is the difference in middle of the
value of wage or salary paid to women and men, for same work.
Policy
RBC believes in diversity and inclusion is a start for innovation and economic prosperity.
Active use of diversity leads to better ideas and that ensures the company's growth. Diversity and
inclusion are core values that RBC uses in day-to-day decision making (RBC, 2018). It is
believed by the company diversity and inclusion is not just correct but ethical as well. RBC
believes in giving equal opportunities to employees.
Priority of the company,
RBC embraces diversity and inclusion for innovation and growth of the company (RBC,
Diversity & Inclusion, 2016). Believing in diversity and inclusion provides high visibility and
continuous reinforcement in the company. Thus, diversity and inclusion are one of the main
priorities of the company.

BUSINESS COMMUNICATION 2
Growth
RBC wants employees to evaluate oneself and the organization's environment. An
individual needs to make efforts in areas of diversity and inclusion, it is said to build diverse
teams. It is essential to work with equality in mind and become an inclusive leader.
Evolving job benefits
Definition
Job benefit evaluation refers to an employee's life at their workplace or employers’
strategies to meet the needs of their workforce.
Job policy
RBC has a policy that declares "pay for performance" to ensure employees enjoy the
opportunity and earn high rewards. RBC believes in equal opportunities for the employees,
committed to respecting human rights. It provides career growth tools, training to ensure success
in particular fields.
Initiatives for the betterment of employees
Employees are the strength of any organization. RBC believes in creating exceptional
work experience, listening to feedback from employees. It aims in the promotion of worker's
mental health and well-being. Employees have access to learning resources for either formal and
informal projects or specific assignments respectively (RBC, Workplace, 2012).
Evolving employee's benefits

BUSINESS COMMUNICATION 3
RBC's policies and programs provide flexibility and support to employees. Like access to
personal work-life balance or life counselling services, equal opportunities for employees,
resolving problems and concerns of employees (RBC, About Value for employees, 2019).
Gender pay gap report of RBC in 2017
Top Quarter Upper Middle
Quarter Lower Middle
Quarter Lower Quarter
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Female
Male
Gender pay report of RBC in 2018

BUSINESS COMMUNICATION 4
Top Quarter upper middle
quarter lower midle
quarter lower quarter
0%
50%
100%
150%
200%
250%
300%
Female
Male
Two reports, 2017 and 2018 highlights RBC’s efforts for equality and diversity. In
comparison of 2017 RBC has improved the gap between females and males working on the same
position.
Conclusion
This discussion states the power of diversity and inclusion. Royal Bank of Canada has
certain guidelines, policies, and programs that helped the organization to reach 3rd most diverse
organization in the country. To sum up, there is a discussion on gender pay and the evolution of
the job benefits of employees.

BUSINESS COMMUNICATION 5
References
Inclusion, I. C. (2019, september 16). about rbc. Retrieved january 17, 2020, from rbc:
http://www.rbc.com/newsroom/news/2019/20190916-diversity.html
RBC. (2012). Workplace. Retrieved january 20, 2020, from RBC-CRR-Report:
http://www.rbc.com/community-sustainability/_assets-custom/pdf/RBC-CRR-Report-
workplace-e.pdf
RBC. (2016, JUNE). Diversity & Inclusion. Retrieved January 18, 2020, from RBC:
https://www.rbc.com/diversity-inclusion/_assets-custom/includes/pdf/rbc-diversity-
blueprint.pdf
RBC. (2018). RBC Diversity & Inclusion in Europe. Retrieved January 18, 2020, from Diversity
& Inclusion at RBC: https://www.rbc.com/diversity-inclusion/diversity-inclusion-at-
rbc.html
RBC. (2019, march). About Value for employees. Retrieved january 20, 2020, from Royal Bank
of Canada: http://www.rbc.com/community-sustainability/_assets-custom/pdf/about-
value-employees.pdf