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Bank of America expects employee sabbaticals to pay dividends

February 2, 2024


“Sabbatical” is typically a word associated with tenured professors, who take time off to pursue intellectual pursuits. But what if you didn’t have to teach university courses to earn extended paid time off?

Bank of America’s offering, launched in January 2023, provides a mini case study.

“We really want to give every employee a really fulfilling career when they’re here with us,” Kate Phillips, BofA’s head of global benefits, said of its sabbatical program.

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