00:00Villa Barclays is clearly just throwing money at this problem. However, given the sentiments we've witnessed in particular among younger bank employees, it's clear that money is an important part of the equation. It is a significant part. Barclays has announced that they will increase the base salaries of all U.S. analysts to 15000. Associate and vice-presidents will also be rewarded with an increase of 25000. This will result in first-year analysts earning one hundred thousand dollars more. Mental health, however, is an important part of all this. It's not about the money. Barclays was one of the first banks to talk about this. They gave bankers at least two five-day vacations each year, and told them they had to disconnect from work. Also, they were allowed to take a consecutive 24 hour off. This is quite a big deal on Wall Street. Yes. They're not the only ones throwing money at the problem. Heidi, that's right. They follow banks like JPMorgan Credit Suisse, Houlihan Loki Jeffrey who throw money at the problem. Some people are more creative than others. Houlihan is your friend. Loki actually offered all-expense paid vacation to some of its employees. They said that you can work past midnight. One-off bonuses are something you've seen offered by others. Jeffrey is also selling apple products and peloton bikes. Cities can also be distinguished from their US counterparts by embracing hybrid work. That's right. That's how it would work. It's just right. City has reiterated its position that it will allow its employees to work from home at least partially and not only from the office. They have also endorsed UBS and other European banks in saying this. Citi CEO Jane Fraser spoke out earlier this year, saying that she wanted people not to zoom Fridays. She also set up aholiday, which was a day of city reset. She is doing a lot to ensure that people are in a healthy balance post-pandemic.
