'There's a need for talent which is sparking (this initiative)'
Barclays said on Wednesday it was launching an internship program in New York targeting people who had taken a career break from the finance industry, the latest move by a big bank to emphasize its focus on work-life balance.
Reuters reports that in a profession known for its rigorous schedules, banks are competing fiercely for talent around the world and are taking more active steps to both retain employees and attract new types of candidates.
Barclays' 10-week paid program is designed for people who took time off mid-career for "personal responsibilities," which could include raising children or caring for a sick relative. Applicants must have worked for five years previously and earned the title of vice president or above. If accepted into the program, they are placed in an area within Barclays' investment bank.
"There's a need for talent which is sparking [this initiative]," said Barbara Byrne, a vice chairman of investment banking at Barclays. "This is a pool of people who are available, experienced and talented."
To access the complete Reuters article hit the link below: