Goldman Sachs offers 36,000 employees 10 days of family leave

Global investment bank Goldman Sachs has offered all of its 36,000 employees globally 10 days of paid family leave, to help support them through the Covid-19 (Coronavirus) pandemic.

The benefit has been put in place to enable employees to care for family members, as needed, due to Covid-19 (Coronavirus) related illness or childcare needs, including homeschooling.

Employees are entitled to the additional 10 days of paid leave on top of the organisation’s pre-existing benefit of four weeks of paid family leave, which is as part of its overarching global parenting leave policy, announced in November 2019.

Bentley de Beyer, global head of human capital management at Goldman Sachs, said: “We recognise our people are dealing with unique personal circumstances related to the profound impact of Coronavirus, whether it be protecting their health, caring for a child whose school or daycare services are unavailable, adjusting to a new routine, tending to an ill or elderly family member, or managing feelings of isolation that can come from physical distancing.

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“As we continue to navigate this situation, we want to ensure our employees have access to the resources they need to care for themselves and their families. To support employees, we will now offer 10 days of family leave to our people globally to care for family members, as needed, due to Coronavirus related illness or childcare needs, including homeschooling.

“This leave applies for 2020 and is in addition to the firm’s many other benefits and wellness offerings, including other leave programmes, that can add relief to employees during this period.”