UBS Facilitates Bonus Collection for Exiting Employees
- Bank changes deferred compensation to pay bonuses more quickly
- Executives say staff should have more career flexibility
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UBS Group AG is allowing employees to collect bonuses immediately after leaving the bank as the Covid-19 crisis prompts more workers to reconsider their careers.
The Swiss wealth manager changed its rules on deferred compensation for former staff who exit the financial industry entirely. UBS says the aim is to give more flexibility to employees as many reevaluate their life choices.