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$5,000 compensation for Goldman Sachs employees for the Corona ban

$5,000 compensation for Goldman Sachs employees for the Corona ban

The American Goldman Sachs Group for financial and investment services has offered a payment plan to compensate its employees in the Asia-Pacific region for the costs they incurred as a result of compulsory stay in hotels during the quarantine period during the height of the Corona pandemic, as the Hong Kong (Covid-Covid-) strategy makes it difficult Zero) global banks should retain good financial talent in the region.

$5,000 compensation for Goldman Sachs employees for the Corona ban The American Goldman Sachs Group for financial and investment services has offered a payment plan to compensate its employees in the Asia-Pacific region for the costs they incurred as a result of compulsory stay in hotels during the quarantine period during the height of the Corona pandemic, as the Hong Kong (Covid-Covid-) strategy makes it difficult Zero) global banks should retain good financial talent in the region.


The company stated that employees can request a one-time benefit of $ 5,000 to cover mandatory accommodation costs from December 1, according to a memo reported by the American Bloomberg Network. Multiple lockdowns and some of the world's most stringent quarantine measures.


The memo expresses the company's hope that this support will help workers reconnect with families and friends living abroad, or help them change a difficult landscape and restore their energy during a vacation abroad.

Goldman is the third global bank to introduce a payment plan for employees affected by the quarantine measures in Hong Kong, after its arch-rivals Morgan Stanley and JPMorgan Chase & Co., while lenders struggle In the city to retain and attract financial talent as the financial center adheres to the world's strictest policies to deal with the Corona virus, with the period of quarantine for incoming travelers reaching 3 weeks.


Jamie Dimon, CEO of JPMorgan, said that the restrictions make it difficult for the financial sector to retain its employees, knowing that the company decided to provide compensation to its employees in Hong Kong after Dimon's 30-hour visit and exemption from quarantine. It is no secret that the financial sector is increasing pressure on Hong Kong to relax quarantine rules and abandon the (Covid-Zero) policy, after a survey confirmed that nearly half of major international banks and asset managers are considering moving their jobs outside the city.


But despite all these pressures, Hong Kong has succeeded in reducing the number of injuries and deaths staggeringly to bring life closer to normal within the city, knowing that city officials refuse to ease restrictions, especially with the reluctance of the elderly to receive the vaccine, in addition to the status of open travel to the land. The Chinese mainland is at the forefront of priorities. It is worth noting that the cost of staying for one night in a Hong Kong quarantine hotel ranged between 64 and 465 US dollars for a standard room.

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