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Goldman Sachs Allows Senior Staff to Take Unlimited Vacation

  • Partners, managing directors granted flexible vacation: memo
  • Firm expects staff to take at least 15 days of holiday a year
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WATCH: The move is Goldman Sachs’s latest effort to retain talent.Source: Bloomberg
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Goldman Sachs Group Inc. will allow senior staff to take an unlimited number of vacation days, the latest move by a Wall Street bank to retain talent in a heated job market. 

Partners and managing directors at the New York investment bank can take time off when needed “without a fixed vacation day entitlement,” according to a company memo seen by Bloomberg. Junior employees still have limits on vacation but will be given at least two extra days off each year under the new policy that was introduced at the start of the month.