- July 12, 2021
- Posted by: Stratford Team
- Category: Business
Check out what’s clicking on FoxBusiness.com.
Goldman Sachs is considering whether to raise salaries for junior investment bankers to compete with rivals on Wall Street, as younger staffers have complained of experiencing burnout from long hours worked during the pandemic, when financial markets were exceptionally busy.
Investment banks have traditionally given out hefty performance-based bonuses, but several U.S. banks have shifted strategy after a grueling pandemic trading period.
According to the Financial Times, some involved in the internal Goldman debate are concerned about possibly moving away from paying workers based on their performance, while others are worried about losing young talent to other big banks or the tech industry.
FORGET GOING BACK TO THE OFFICE, PEOPLE ARE JUST QUITTING INSTEAD
Ticker Security Last Change Change %GS THE GOLDMAN SACHS GROUP, INC. 371.76 +12.82 +3.57%
Citigroup was the latest to bump fixed salaries for…
