Bank Of America, Barclays and other banks offered five-figure raises, time off and other incentives to make the junior bankers happier. Once the precedent was set, other banks started one-upping each other by giving lavish salary increases, bonuses, days off and Peloton bikes to Gen-Z bankers.
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After a public relations fiasco in which 13 young investment bankers complained of being forced to work 100-hour workweeks, Goldman Sachs offered bankers substantial increases in salaries to over $100,000, plus bonuses for first-year associates. Investment banking is a highly competitive field. will allocate about $1 billion over the next five years “in career-driven training and development.” can earn college degrees or learn trade skills without the burden of education debt.” The largest employer in the U.S.
About “1.5 million part-time and full-time Walmart and Sam’s Club associates in the U.S. Walmart previously announced at the end of July that it will “ pay 100% of college tuition and books for associates through its Live Better U (LBU) education program.” The size of the program is staggering. Additionally, Target plans to help their staff with student debt.
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The Minneapolis-based chain will extend this offer to it's 340,000 full and part-time workers. The employees will have access to around 250 mostly online programs offered by about 40 colleges and universities.
The large retailer will take care of the cost of college tuition, fees and textbooks. Target announced that it's offering a substantial benefit to attract and retain workers. Banfield Pet Hospital is offering a bonus of up to $60,000 for veterinary-related roles. Automotive technicians and repairers, animal caretakers, barbers and hairdressers and cosmetologists since July 2021 have seen bonuses skyrocket too.
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