The investment banking and financial services provider has allowed its staff to avail the leave to take care of sick family members or friends, or for any personal reason.
Goldman Sachs, announced a special paid leave of 10 days for all its employees. The announcement was made in a memo sent out by Bentley de Breyer, the global head of human capital management, this week.
The investment banking and financial services organisation has allowed its employees to use these paid leaves for any personal reason, including taking care of sick family members or friends, looking after their children or dealing with other issues.
Breyer mentioned in the memo that the Company recognises the myriad problems employees may face, brought about by the pandemic situation, and therefore, wishes for its staff to have the opportunity to sort out issues without worrying about financial security. Staff members can avail the leave any time throughout this year.
Given the crisis situation, and with social distancing being practised, people are having to deal with unique situations, be it childcare services, closure of schools, stress of physical isolation, and so on. Breyer mentioned that the Company recognises the fact that people need time to cope with various problems, and this move will ensure that employees get that much-needed time and resources to take care of their problems and get back to work.
Goldman Sachs is also offering its staff flexibility with regard to structuring their days, and has been providing them with online resources to take care of their health and tips on how to deal with isolation.
Majority of the staff at Goldman Sachs are working from home, while only a few critical employees are continuing to go to office.
The memo includes assuring words from the human capital head conveying that the company is trying to learn from the experiences of its employees in other parts of the globe, particularly in Asia, and use those experiences to improve its response to the evolving needs of its employees in the UK.