In in the present day’s difficult financial system, Canadians search methods to stretch their hard-earned {dollars} and decrease monetary pressure. However studying take advantage of each paycheque isn’t at all times clear or simple, which may trigger added stress. Employers may help empower their workers to attain monetary wellness—whereas boosting their very own capacity to draw and retain expertise—with a bunch financial savings program.
Employers may help workers plan for his or her future; whether or not it’s for homeownership, retirement or their youngster’s training—there’s a bunch financial savings plan for each monetary objective. To attain this, employers can profit from a well-tailored program with a complete registered pension or retirement financial savings plan custom-made to the wants of their enterprise and their workers.
Monetary planning made simple
“A key side of the assist we offer is entry to monetary recommendation and steering from an intensive community of pros 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 through a safe portal, permitting corporations to place their deal with what actually issues: serving to workers optimize their monetary well being.
As Canadians regulate to elevated borrowing prices, grocery payments and lease, it may be difficult to cowl each day bills whereas nonetheless saving for retirement and longer-term targets. This could make prioritizing a private monetary plan a tough promote, particularly with out the correct steering and experience. With an
RBC Group Benefit program, members obtain easy and sensible recommendation primarily based on their distinctive targets to assist them form their monetary future. Its hallmark one-on-one assist ensures every particular person is armed with the data to set monetary targets confidently—and the sources to succeed in them.
The added benefits of a bunch financial savings program
Analysis reveals that 72 per cent of workers experiencing stress are on the lookout for assist from their employers. RBC’s recommendation capabilities may help relieve this pressure. RBC provides entry to MyAdvisor—a digital recommendation platform that reveals purchasers 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 high of their cash and attain their targets,” explains Crowe.
It’s comprehensible that making funding choices 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 selections and portfolio options makes the method seamless. Additional, workers 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 phases and thru quite a lot of handy channels,” provides Crowe. “Our personalised recommendation promotes worker participation to assist them maximize their group program and obtain monetary wellness.” As extra workers are in search of office wellness as a precedence, unique assist for psychological well being, bodily wellness and entry to monetary specialists are high of thoughts. RBC Group Benefit additionally provides 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 usually expertise the advantages of a extra productive and happy workforce. “Business analysis has proven that greater than half of the businesses that provide wellness plans have reported a lower in absenteeism and even larger percentages of economic sustainability, productiveness and worker satisfaction,” says Crowe.
There’s no higher time for employers to spend money on workers’ monetary well-being with a customized group financial savings program that prioritizes total worker wellness. You’ll be able to find out how a crew of devoted RBC Group Benefit advisors may help you arrange a brand new plan on your workers 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 ought to be consulted concerning your particular state of affairs. The data introduced is believed to be factual and up-to-date however we don’t assure its accuracy and it shouldn’t be considered an entire evaluation of the topics mentioned. All expressions of opinion mirror the judgment of the authors as of the date of publication and are topic to alter. 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.
