In an internal memo dated 22 April, investment bank Goldman Sachs announced it was implementing a new ‘flexible vacation’ scheme for its partners and managing directors, who will be free to ‘take time off when needed’. Junior associates won’t benefit from this but will get an extra two days off per year. The memo also states that from 2023 onwards, all staff will be required to take at least 15 working days off each year and which includes one period of five continuous working days.
Goldman Sachs management is now giving its senior associates and managing directors the ability to take as many vacation days as they need, in a move that is following the lead of companies such as Netflix, Oracle, LinkedIn, Twitter, Hubspot, Evernote, and Asana which already practise “unlimited vacation.” This new, more flexible leave policy is aimed at retaining senior investment bankers as the fight for talent has heightened markedly since the start of the Covid-19 pandemic period. In the me
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