Goldman Sachs, fighting a war for talent amid scrutiny of the bank’s notoriously grueling work culture, is implementing a more flexible vacation policy to help staff “rest and recharge.”
Senior bankers will now be able to take as many vacation days as they need, Goldman Sachs (GS) said in a memo to staff that was shared with CNN Business. And starting next year, all staff “will be expected to take a minimum of 15 days” away from work each year.
Bankers who haven’t yet made partner or managing director will remain on a fixed vacation allotment but will be granted two extra days starting next year.
“As a firm, we are committed to providing our people with differentiated benefits and offerings to support well-being and resilience,” the memo reads.