Goldman Sachs’​ New Benefits and Wellness Programs for Our People and Their Families

Chairman & CEO David Solomon explains how the new initiative is enabling employees to better achieve work-life integration.

Getty Images
Getty Images

Today, we announced several enhancements to Goldman Sachs’ benefits and wellness programs as part of our ongoing efforts to better meet the needs of our people. These enhancements are designed to enable everyone in our workforce to better manage the commitment to their careers while starting, growing and supporting a family. These include: 

— All new parents, whether through birth, surrogacy or adoption, will receive the same paid parenting leave time that applies to their office location, regardless of gender or caregiver status.

— Additionally, this new global parenting leave policy will be 20 weeks – an increase from 16 weeks in the US, Asia Pacific and a number of other locations around the world. In certain locations and under certain statutory requirements, the length of parenting leaves will be longer than 20 weeks.

— We are introducing a new program called “Pathways to Parenthood,” which increases existing stipends for adoption and surrogacy and introduces stipends for egg retrieval and egg donation, where permitted by law.

— The firm is introducing four weeks of paid family care leave globally for you to care for family members as needed due to a serious health condition, military deployment or foster placement.

Importantly, these changes were shaped by our own people – they provided feedback through various channels on what they value most as it relates to benefits and wellness offerings.

To learn more, I encourage you to check out my interview with Yahoo Finance.

For more information about our other family support resources, visit our website, GS.com.

This article was originally published on LinkedIn.com

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