Talent Retention
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X @Bloomberg
Bloomberg· 2025-07-09 22:06
Goldman Sachs plans to ask junior bankers to confirm their loyalty on a regular basis in a bid to limit advances from talent-hungry private equity firms: Here’s your Evening Briefing https://t.co/PhUOScD7ap ...
Goldman asks analysts to swear they won’t line up private equity jobs
Bloomberg Television· 2025-07-09 20:39
Talent Retention Strategies - Goldman Sachs is implementing a policy requiring analysts to disclose potential conflicts of interest, including external job offers, every 3 months [1] - The firm aims to retain top talent and ensure employees are committed for the long term, contributing valuable intelligence and networks [2] - Banks have explored various methods to retain talent, including deferred compensation packages [3] Private Equity Talent Acquisition - Private equity firms are reportedly easing off on poaching junior bankers, partly due to concerns about the quality of talent they were receiving [4] - PE firms prefer banks to train recruits for 3-5 years to ensure they develop necessary skills and experience [5] - Private equity firms acknowledge they have "pissed off" banks in recent years by hiring their talent [4] Compensation Dynamics - Young bankers are motivated to earn high salaries quickly, and private equity is perceived to offer more lucrative compensation packages [3][4]
X @Bloomberg
Bloomberg· 2025-07-09 12:06
Goldman Sachs plans to ask junior bankers to confirm their loyalty on a regular basis in a bid to limit advances from talent-hungry buyout firms https://t.co/HxUfh0r1Mn ...