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Wall Street banks opt for greater automation for grunt work to retain talent

HR Digest

An internal survey by Goldman Sachs junior employees detailing the crushing workload and the accompanying stress due to demanding bosses has led to some stocktaking about the working conditions in the industry and the high attrition rates. Banks now insist on weekend offs, no excessive overtime, and greater use of technology for routine work.

Banking 95
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The Boomers are Leaving! – How to Create and Implement a Knowledge.

Strategy Driven

Technology has exploded, giving us instant access to information and knowledge, and it all moves and changes so fast that some of what Boomers have learned during their careers may be obsolete. What is the historic attrition and turnover rate and how do these map to the skills that keep you competitive? Who will do this work?

How To 72
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Law Firms’ Grueling Hours Are Turning Defectors into Competitors

Harvard Business Review

In this latest flurry of debate about working long hours , some have intimated that overwork is inevitable in highly competitive industries such as law, finance, and high tech. We’ve all heard by now that productivity decreases with overwork, while attrition and health care costs increase. But that’s just not true.