Goldman Fights Employee Burnout by Adding New Benefits

Goldman Sachs has introduced new employee benefits, including higher retirement contributions, paid leave for bereavement or miscarriages, and a six-week unpaid sabbatical for long-term employees. These changes aim to improve employee well-being and address past criticisms. Goldman was a pioneer in raising wages for junior analysts, setting a trend that other banks followed. The bank's proactive approach positions it ahead of competitors in the US and Europe, especially in the current competitive talent market.

What was the reaction of junior staff that led to these changes at Goldman Sachs?

What does the term 'war for talent' refer to in the context of this discussion?