Royal Bank of Canada has provided you with the following information as outlined in the attached documents. They need you to determine if their employees are more or less productive in 2022 compared to 2021. Utilize the following ratios to determine the answer to that question.

Revenue factor Revenue/FTE Expense factor Non-Interest expense/FTE Income factor Revenue- Non-Interest expense/FTE Human Capital Value Added

(Revenue-salaries and employee benefits*)/FTE

*use total HR costs

Human Capital ROI

Revenue-salaries and employee benefits*/Salaries and employee benefits*

*use total HR costs

Compensation revenue ratio

Salaries and employee benefits*/revenue

*use total HR costs

Compensation expense ratio

Salaries and employee benefits*/operating expense

*use total HR costs