Though sabbaticals were historically limited to the not-for-profit world, the demands of Gen X and Millenial employees require firms to rethink the suite of benefits that are most valuable to employees. While sabbaticals are not yet widespread except in a handful of top-end technology companies, in professional services, particularly the asset and wealth management business, a sabbatical is now a topic that is on the table for discussion. Post pandemic, now that firms require employees to return to the office 3-4 days a week as part of hybrid work programs, an adjustment of benefits policies is definitely in the making.
Great reporting on this trend by Sonya Swink at Ignites.