In at the moment’s difficult financial system, Canadians search methods to stretch their hard-earned {dollars} and decrease monetary pressure. However studying find out how to take advantage of each paycheque isn’t at all times clear or straightforward, which might trigger added stress. Employers will help empower their staff to realize monetary wellness—whereas boosting their very own potential to draw and retain expertise—with a gaggle financial savings program.
Employers will help staff plan for his or her future; whether or not it’s for homeownership, retirement or their baby’s schooling—there’s a gaggle financial savings plan for each monetary purpose. To realize this, employers can profit from a well-tailored program with a complete registered pension or retirement financial savings plan personalized to the wants of their enterprise and their staff.
Monetary planning made straightforward
“A key side of the help we offer is entry to monetary recommendation and steering from an in depth community of execs to suit employers’ enterprise wants,” says RBC Group Benefit vice-president Doug Crowe. RBC Group Benefit supplies a easy plan setup and implementation, together with ongoing administration by way of a safe portal, permitting firms to place their concentrate on what actually issues: serving to staff optimize their monetary well being.
As Canadians regulate to elevated borrowing prices, grocery payments and lease, it may be difficult to cowl every day bills whereas nonetheless saving for retirement and longer-term objectives. This could make prioritizing a private monetary plan a tough promote, particularly with out the right steering and experience. With an
RBC Group Benefit program, members obtain easy and sensible recommendation primarily based on their distinctive aims to assist them form their monetary future. Its hallmark one-on-one help ensures every particular person is armed with the information to set monetary objectives confidently—and the sources to succeed in them.
The added benefits of a gaggle financial savings program
Analysis reveals that 72 per cent of staff experiencing stress are on the lookout for help from their employers. RBC’s recommendation capabilities will help relieve this pressure. RBC gives entry to MyAdvisor—a digital recommendation platform that reveals shoppers all their financial savings and investments in a single place, even accounts outdoors RBC. “They get a customized financial savings plan, useful ideas, real-time visuals and forecasts to assist them keep on prime of their cash and attain their objectives,” explains Crowe.
It’s comprehensible that making funding selections could also be overwhelming. Having a monetary ally who helps demystify this course of by presenting plan members with a choose variety of high-quality funding decisions and portfolio options makes the method seamless. Additional, staff could make common contributions on to the plan via their payroll with pre-tax {dollars}. “We offer one-on-one monetary recommendation throughout all life levels and thru a wide range of handy channels,” provides Crowe. “Our customized recommendation promotes worker participation to assist them maximize their group program and obtain monetary wellness.” As extra staff are searching for office wellness as a precedence, unique help for psychological well being, bodily wellness and entry to monetary specialists are prime of thoughts. RBC Group Benefit additionally gives a web based useful resource hub—Office Wellness—that’s devoted to enhancing the general well-being for plan members.
Corporations that prioritize worker wellness typically expertise the advantages of a extra productive and glad workforce. “Business analysis has proven that greater than half of the businesses that supply wellness plans have reported a lower in absenteeism and even higher percentages of economic sustainability, productiveness and worker satisfaction,” says Crowe.
There’s no higher time for employers to spend money on staff’ monetary well-being with a customized group financial savings program that prioritizes total worker wellness. You’ll be able to learn the way a crew of devoted RBC Group Benefit advisors will help you arrange a brand new plan to your staff or switch an current plan, by visiting the RBC Group Benefit homepage right here.
This text is meant as common info solely and isn’t to be relied upon as constituting authorized, monetary or different skilled recommendation. Knowledgeable advisor must be consulted relating to your particular scenario. The data introduced is believed to be factual and up-to-date however we don’t assure its accuracy and it shouldn’t be thought to be a whole evaluation of the topics mentioned. All expressions of opinion replicate the judgment of the authors as of the date of publication and are topic to vary. No endorsement of any third events or their recommendation, opinions, info, services or products is expressly given or implied by Royal Financial institution of Canada or any of its associates.
