BofA Gives Up to Six-Week Paid Sabbatical for Longtime Staff (1)

Bank of America Corp. is starting a paid sabbatical program to reward its long-term employees, starting with four weeks off for those who have spent 15 years with the company.

Beginning next year, the bank will offer time off to let employees “reinvest in their priorities in life,” according to a memo seen by Bloomberg News. The move is to recognize tenure at the company at certain career milestones, and to attract and retain talent.

Firms across corporate America and Wall Street are grappling with employee burnout, and fighting to retain talent. About half of US workers could be ...