--- title: This Big Bank Wants Its Workers to Take a Year Off to Volunteer description: Citigroup wants to let junior bankers take year-long sabbaticals for volunteering. It's part of an initiative to attract millennial workers. authors: - name: Martha C. White role: Writer url: https://money.com/author/martha-c-white/ education: BA, English, Princeton University at_money_since: 2015 articles: 350 covers: - Business - Banking - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Federal Reserve Rate Cuts - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes - Technology published: '2016-03-16T14:50:46.000Z' modified: '2016-03-16T14:50:46.000Z' section: Business tags: - Citigroup - company perks - Financial Industry - millennial labor force - Millennials - pubdesk - volunteer - Volunteerism - worker perks word_count: 266 canonical: https://money.com/citigroup-employees-sabbatical-volunteering/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Josephine Mbinya, a farmer, hoes the soil in her tomato field at her farm in Joska, Kenya, on Thursday, Jan. 28, 2016. Even with increased access to fertilizer and irrigation, there are limits to what small farmers will be able to grow and African countries will need to lure more foreign investment to ramp up mechanized food production, according to Ernst Janovsky, the head of agribusiness at Barclays Africa, a unit of Barclays Plc.](https://img.money.com/2016/03/160316_car_citivolunteers.jpg) *Josephine Mbinya, a farmer, hoes the soil in her tomato field at her farm in Joska, Kenya, on January 28, 2016. Even with increased access to fertilizer and irrigation, there are limits to what small farmers will be able to grow and African countries will need to lure more foreign investment to ramp up mechanized food production, according to Ernst Janovsky, the head of agribusiness at Barclays Africa, a unit of Barclays Plc.* To attract millennial employees in competitive fields like finance and technology, companies are coming around to the idea that young adults value culture and community as much as they do fat paychecks. According to the *[Wall Street Journal](http://www.wsj.com/articles/to-entice-millennial-bankers-citigroup-serves-up-new-perk-take-a-year-off-1458120603)*, Citigroup will announce on Wednesday some new initiatives designed to attract and retain young adult employees, including the offer of a year-long sabbatical to do charitable work. Another perk for employees is the possibility of four weeks in Kenya working on microfinance initiatives. Wall Street banking jobs are infamous for their grueling hours and the toll they take on new bankers' personal lives--which is why the Citigroup initiative is so surprising, and so welcomed by workers seeking more than, well, just work. “When I was a junior banker, it was a rite of passage in terms of how many hours you work," Citigroup CEO Michael Corbat told the *Journal*. But today, things are different. Millennials want to have a personal life, and even when they're on the clock, they want to work for companies that allow them to give back. ***Calculator:*** [How much should I save to reach my goal?](http://test1.calcxml.com/calculators/embedCalcLoader?skn=570&calc=sav06) Citigroup isn't the only company doing this. HR consulting firm Towers Watson Willis identified giving time off for volunteering and participating in community events as top trends in employer perks. According to [Glassdoor.com's roundup](https://www.glassdoor.com/blog/top-20-employee-benefits-perks/) of the top 20 perks and benefits employers offer, SaaS company Salesforce gives employees six days off a year to volunteer. Those who take all six get a $1,000 grant to donate to their preferred charity. Content delivery network provider Akamai gives workers paid time off to volunteer in their communities as well. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/citigroup-employees-sabbatical-volunteering/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Business", "item": "https://money.com/business/" }, { "@type": "ListItem", "position": 3, "name": "Employee Benefits", "item": "https://money.com/employee-benefits/" }, { "@type": "ListItem", "position": 4, "name": "This Big Bank Wants Its Workers to Take a Year Off to Volunteer" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/citigroup-employees-sabbatical-volunteering/#webpage", "url": "https://money.com/citigroup-employees-sabbatical-volunteering/", "name": "This Big Bank Wants Its Workers to Take a Year Off to Volunteer", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2016-03-16T14:50:46.000Z", "mainEntity": { "@id": "https://money.com/citigroup-employees-sabbatical-volunteering/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/citigroup-employees-sabbatical-volunteering/#breadcrumb" }, "dateModified": "2016-03-16T14:50:46.000Z" }, { "@type": "Article", "headline": "This Big Bank Wants Its Workers to Take a Year Off to Volunteer", "articleSection": "Business", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2016/03/160316_car_citivolunteers.jpg", "width": 2100, "height": 1398, "caption": "160316_CAR_CitiVolunteers" } ], "author": [ { "@type": "Person", "name": "Martha C. 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