Reference no: EM133365219
Question: RBC, Canada's largest banking company, actively targets new immigrants, women entrepreneurs, Canadian Indigenous persons, LGBTQ+ persons, and people with disabilities. Dave McKay, RBC's President and CEO, states that "diversity and inclusion has been the cornerstone of RBC's values for many years."
· Of the 86,000 RBC employees in 36 countries, 51 percent of new hires are women, 52 percent of promotions go to women, and 46 percent of executives are women.
· Black, Indigenous, and people of colour account for 35 percent of new hires, 40 percent of promotions, and 23 percent of new executive appointments.
· RBC is ranked fourth globally on the 2020 Refinitiv Diversity & Inclusion Index, a ranking of over 9,000 publicly listed companies.
Royal Bank of Canada. (n.d.). 2020 Annual Report: Reimagining Our Shared Future. https://www.rbc.com/ investor-relations/assets-custom/pdf-ar-2020-e.pdf
Discuss the following questions:
Do you feel that most companies reflect Canada's diversity? Provide an example.
Do you feel that enough is being done to promote and celebrate diversity in the workplace?
What can Canadian companies do to promote diversity in the workplace?
Provide an example of culture shock that you experienced in another culture or that someone you know experienced when they came to Canada.