Investment bank Goldman Sachs has recently offered its entire workforce globally an additional 10 days of paid family leave to help support them through the ongoing coronavirus pandemic.
According to the company, 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.
Bentley de Beyer, who took over as head of human capital management at Goldman in January, sent a memo to the staff telling them about the additional leave.
Through the memo, he said, “We recognize 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.”
He further added, “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.”
Employees are entitled to the additional 10 days of paid leave on top of the organization’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.
“This leave applies for 2020 and is in addition to the firm’s many other benefits and wellness offerings, including other leave programs, that can add relief to employees during this period,” said Beyer.
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