Goldman offers all staff 10 days of family leave to cope with COVID-19: FNLondon
Goldman Sachs has offered its employees worldwide an extra 10 days of leave to help them care for children or elderly relatives affected by the coronavirus.
Bentley de Beyer, who took over as head of human capital management at Goldman in January, sent a memo to staff telling them about the additional leave. Schools have been closed as a result of the pandemic, placing additional strain on parents, and older people are more susceptible to severe cases of the respiratory disease.
The move may put pressure on other firms to follow suit, starting with Goldman’s Wall Street peers and rivals. Last year, Goldman was one of a number of financial firms to start offering generous parental leave and fertility benefits, as a trend toward new family-friendly policies took hold in the industry.
Rachel Suff, senior employment relations adviser at the CIPD, the professional body for HR and people development, said: “It’s very encouraging to see a large company like Goldman Sachs offering additional paid family leave to its staff where they have caring responsibilities during this pandemic. Many people’s domestic lives are deeply affected by the virus, making it much harder for them to juggle work and family obligations.
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