Bank of America offers new perk for traders and bankers

Bank Of America Building

Paid sabbaticals are coming to Bank of America.

Bloomberg News reports that America’s second-largest bank told investment bank employees they’ll soon be able to take off up to an additional six weeks in a year - with pay.

The firm is “piloting” a program for employees of its global banking and markets division that will allow them to take the paid time off on top of what they’re allotted in vacation, according to a memo Chief Operating Officer Tom Montag circulated Tuesday. Employees must have been with the firm at least 10 years to qualify, and they can only request the time once every five years.

“You can choose to spend the time however you like,” Montag wrote. He suggested employees “go traveling, pursue a philanthropic project, spend quality time with family or simply take time out to recharge and refocus.”

Hit the link below to access the complete Bloomberg News article:

BofA Adds New Perk for Its Bankers and Traders: Paid Sabbaticals

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