Banking powerhouse Goldman Sachs comes in on the Jobs.mom featured employer list for their robust “Returnship” program. This program has been especially useful in supporting women and mothers seeking to re-enter the workplace following a leave of absence.
The firm is actively seeking candidates from the Jobs.mom talent base for the following positions below. Apply now:
SENIOR FULL STACK SOFTWARE ENGINEER – COMPLIANCE ENGINEERING (Salt Lake City, UT)
* NOTE: Compliance Engineering is looking to fill multiple full stack software engineering roles at the Analyst, Associate, and VP level at the Salt Lake City office.
To learn more about the “Returnship” program read insight from the GS team below:
How did the Returnship program get started?
At Goldman Sachs we had observed a large number of individuals seeking to re-start their careers after extended voluntary absence from the workplace. We knew doing so would be difficult for a variety of reasons. In 2005, we sponsored the research entitled “Off-ramps and On-ramps” which focused on challenges and concerns faced by individuals looking to re-enter the workforce. We knew that it was a highly skilled population we were not tapping and one that we should be.
The program was created on the back of a one day conference we held in 2006 called New Directions. The conference aimed to provide off-ramped people with guidance and coaching on how to make a successful transition back into the workforce. We knew that we could not just rehire people who have left the workforce for some time without providing skills building training and integration support.
What are the qualifications someone needs to have to be accepted?
Individuals who voluntarily took a career break of more than 2 years. Both men and women can participate. Age ranges vary.
What is the benefit to GS to having this program?
Through the Returnship program, Goldman Sachs is able to access a talent pool for recruiting that isn’t traditionally looked at. Those in the program come in with a level of maturity and experience that is different from many of our other employees, and they can provide the employees around them with a different viewpoint based on their experiences. They usually have proven track records of success and often are a strong cultural fit.
What do the participants get out of the program?
The program gives people with previous experience and leadership skills an opportunity to get back to work, or to take transferable skills and find a career in a different field. Similar to an internship, the 10-week program offers training, mentoring and a venue to network. It’s also a full-time, paying job.
How successful has the program been? Where globally does the program take place?
The programs are available in Goldman’s offices in New York, Salt Lake City, Dallas, Singapore, Hong Kong and Bengaluru.
How successful has the program been?
The Returnship program has been quite successful with great rates of conversion for Goldman Sachs but has also equipped participants with skills to re-enter the workplace in other organizations as well. We have also leveraged the structure to create a separate program targeted at veterans called the Veterans Integration Program (VIP).