The American Investment Bank Goldman Sachs has announced new employee benefits including a 20-days, paid leave in case of a miscarriage.
The multinational investment bank aims to combat employee burnout with fresh measures.
The company said, “We will provide 20 days of paid ‘Family Care Leave‘ for a miscarriage (applies to loss of pregnancy for yourself, spouse or surrogate) as well as the loss of a family member, including your spouse, domestic partner, or child.”
For non-immediate family members, leave duration will be five days, it added.
The new programme will enable its employees to maintain a work-life balance by providing them with time to spend with family, travel, volunteer, or just take a break.
Goldman Sachs has also introduced a global Sabbatical Programme for its long-tenured employees. The program offers 6-week unpaid leave for employees with 15 years of service, and an additional 2-week for every five years of service at the firm thereafter.
Employees can avail of 4-week leave if anyone in their family suffers from a severe illness and another 26-week parental leave policy for both parents.
The Bank already offers financial assistance of up to Rs.14 lakhs for any employee under their ‘Pathways to Parenthood Programme’ to assist in adoption, egg retrieval, or any similar procedures.
Bentley de Beyer, Goldman Sachs Head of Human Capital Management said, “We’re focused on delivering energy optimization, resilience, and mental health programs that support our people in caring for themselves and their families. These new and enhanced benefits are the latest part of providing an environment where our people can continue to thrive personally and professionally.”
Goldman Sachs India Services is the investment bank’s second-largest office after New York. Currently, it has more than 7,000 employees in its Bengaluru office and about 350 in Hyderabad
