Stock Groups

New Goldman Sachs policy gives bosses unlimited days off

© Reuters. FILEPHOTO: A crowd walks in front of the Goldman Sachs Global Headquarters in Manhattan, New York. November 15, 2021. REUTERS/Andrew Kelly

(Reuters) – Goldman Sachs Group Inc (NYSE: ) will give its partners and managing director the opportunity to have as much vacation as they like under a new flexible vacation scheme that promotes “rest, recharge,” The Telegraph reported. Citing an internal memo.

Wall Street bank memo stated that there would be no limit on paid leave starting May 1 and that senior employees can use time off “when needed” without having to take vacation.

According to the memo, employees should expect at least 15 days of annual leave beginning next January. This includes at least one week off consecutively.

Goldman Sachs has not yet responded to my request for comment.

Wall Street banks are affected by this change, as their employees often work very long hours. This comes two months after first-year analysts at Goldman Sachs complained that they were overworked. They threatened to leave within six months, if conditions did not improve.

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.