Bulletin
Investor Alert

New York Markets Close in:

Market Pulse Archives

Nov. 29, 2021, 2:20 p.m. EST

Goldman boosts retirement contributions, adds new time off for pregnancy loss and bereavement

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Goldman Sachs Group Inc. (GS)

or Cancel Already have a watchlist? Log In

By Steve Gelsi

GS

Goldman Sachs Group Inc. /zigman2/quotes/209237603/composite GS -0.73% is now offering paid leave for pregnancy loss, as well as additional time off for bereavement leave, according to a report Monday by The Wall Street Journal. The investment bank has also boosted its retirement fund matching contributions for U.S. employees to 6% of total compensation, or 8% for employees making $125,000 a year or less, the newspaper reported, citing an internal memo at the firm. It's also cancelling the one-year waiting period before matching employee contributions. "We wanted to offer a compelling value proposition to current and prospective employees, and wanted to make sure we're leading, not just competing," Goldman's head of human resources, Bentley de Beyer, told the newspaper in an interview. The move by the bank comes as companies face employment shortages and amid efforts by banks to attract more employees and reduce the stress levels by existing workers.

/zigman2/quotes/209237603/composite
US : U.S.: NYSE
$ 338.53
-2.50 -0.73%
Volume: 2.31M
Jan. 28, 2022 2:34p
P/E Ratio
5.73
Dividend Yield
2.35%
Market Cap
$114.17 billion
Rev. per Employee
$1.60M
loading...

Get news alerts on Goldman Sachs Group Inc. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.