Goldman to offer Asia-Pacific staff $5,000 for quarantine costs

Goldman staff in the region will be able to claim a one-time subsidy to cover costs from a mandatory quarantine stay effective Dec. 1

Photo: Bloomberg
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Photo: Bloomberg

Cathy Chan | Bloomberg
Goldman Sachs Group Inc. is rolling out a reimbursement plan to help compensate its employees in the Asia-Pacific for costs incurred from hotel quarantine stays as Hong Kong’s strict Covid-Zero strategy makes it harder for global banks to retain top talent in the region.    
 
Goldman staff in the region will be able to claim a one-time subsidy of up to $5,000 to cover costs from a mandatory quarantine stay effective Dec. 1, according to a memo seen by Bloomberg. A Hong Kong-based spokeswoman confirmed the content of the memo. The subsidy is in recognition that staff in the Asia-Pacific region have faced “the additional burden of multiple lockdowns and some of the strictest quarantine measures in the world,” the

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First Published: Nov 27 2021 | 5:14 PM IST

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