Give Citigroup’s Bankers a Three-Month Break. Why Not?
The Wall Street giant’s sabbatical plan should be applauded. If 2020 has taught us anything, it’s that our work-life balance must improve.
Time to unwind.
Photographer: Bloomberg/BloombergLike many of his fellow bank bosses, Citigroup Inc. Chief Executive Officer Mike Corbat isn’t convinced that remote working should become the norm after the pandemic. But he clearly thinks an improvement is needed in the work-life balance of finance industry workers.
From January the Wall Street giant will start offering 12-week sabbaticals (at 25% pay) to staff in North America who’ve been at the company for five years or more — a parting gesture from the CEO before he steps down in February. The bank will also offer a month of fully paid leave to anyone who wants to work pro bono for a charity.