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RBC Group Advantage

The Financial Wellness of Your Employees Affects Your Company’s Performance

With the RBC Group Advantage™ Program you can support your employees with their financial planning, helping you stay at a competitive advantage.

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Cost of financial stress to employers

Financial stress is costing Canadian employers $40 billion in 2022, almost double the $26.9 billion in lost productivity calculated in 2021.1

Employee productivity

  • stress affects 72%2 of employees, who want their employers to help
  • 40% of employees say money is a major source of stress; 36% say that financial stress has led to anxiety, depression and mental health challenges3

Impact of wellness plans

More than half of the companies that offer wellness plans have reported a decrease in absenteeism and even greater percentages of financial sustainability, productivity and employee satisfaction.4

Program Details

Improve Productivity

Maintain more engaged, focused employees who spend less time worrying about and dealing with their finances at work. With easy access to expert financial advice, employees feel confident they can meet their future savings goals.

Reduce Absenteeism

Enjoy a more present and productive workforce, with fewer sick or mental health days and less overall time off work due to financial stress. Our team is available 24/7 to offer employees dedicated, professional support in the workplace, or wherever they choose.

Increase Retention

Retain your best employees through a richer savings plan and other financial solutions that help prepare them for their future while saving them money today.

Attract Top Talent

Enhance your overall employee benefits package, giving you a competitive advantage when hiring new employees. Plus, exclusive offers let staff earn valuable Avion points worth up to $525 in gift cards.

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You Might Also Be Interested In:

9th Annual MetLife Study of Employee Benefit Trends, 2011
Survey finds employees' financial stress costing employers $40BN in 2022 | Benefits Canada.com
https://www.fpcanada.ca/planners/2023-financial-stress-index
https://www.mercer.com/en-ca/insights/total-rewards/employee-wellbeing/how-much-are-you-losing-to-absenteeism/
How much are you losing to absenteeism? (mercer.com)