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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