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In the balance

Sops for overworked bankers miss real problem


Swaha Pattanaik 

Swaha Pattanaik Banks are vying with each other to retain talented staff, especially younger ones. While UBS now offers employees two hours of personal time a week, Morgan Stanley is dangling paid sabbaticals for newly-promoted vice presidents. If only it all meant that gruelling work cultures were going out of fashion. These innovations are almost revolutionary in a sector better known for demanding very long hours in return for very high pay. While two hours a week may not sound much, UBS can argue it has picked a realistic goal that makes life a bit easier for employees. Banks may even succeed in ...

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First Published: Fri, June 03 2016. 21:21 IST