Beginning in May, RBC plans to recruit over 1400 co-op students for Summer Co-ops. Recognizing the negative effects of the Corona pandemic on young cohorts, RBC is committed to providing generation Z with the ability to remotely participate in work with leaders, colleagues, and each other. Their growth will be aided by immersive learning and networking programs.
The effect of the pandemic on career prospects and co-op placements for students is emphasized by RBC's President and CEO. He understands their obligation to help the most vulnerable students around the world at this moment. RBC acknowledges the importance of practical skills for young people's promising career prospects in today's fast-paced economy.
According to the World Future Council, the global recession will result in the loss of 25 million jobs, with young people and young adults being the most exposed. Furthermore, the RBC Economics Study described the negative effect of the pandemic on young people's trust in their ability to find jobs. Gen-Z women, in particular, are estimated to make up 2.5 percent of the Canadian workforce but account for 17% of the unemployed due to the pandemic. As a result, the Royal Bank of Canada is committed to helping young people develop the skills, job experience, and networks they need to launch and advance their careers. RBC also has students endorsing its activities in its virtual workplace and assisting it in further improving the summer co-op students' experience through their creative insights. Summer co-op students will have the opportunity to collaborate and work in teams of experts, as well as participate in mentoring activities and training.
The Royal Bank of Canada is a global monetary establishment with policies and approaches aligned with its purpose and value of providing world-class service, backed by over 86,000 employees. The teams work together to help consumers and society benefit.