Goldman Sachs has eased the working conditions of its junior investment banking staff by discouraging them from working weekends, highlighting how investment banks are changing their culture to retain young workers.
The US investment bank said it was implementing recommendations made by a “junior banker task force” of global executives created this year, which assessed young investment banking staff’s working conditions and career development.
Its proposals include hiring more entry-level employees, called analysts; providing additional opportunities for these analysts to spend time with their managers and clients; and encouraging more predictable out-of-office hours.
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