(Adds quote from Barclays' Byrne, details on Barclays program)
By Richa Naidu and Olivia Oran
June 8 (Reuters) - Barclays Plc said on Wednesdayit was launching an internship program in New York targetingpeople who had taken a career break from the finance industry,the latest move by a big bank to emphasize its focus onwork-life balance.
In a profession known for its rigorous schedules, banks arecompeting fiercely for talent around the world and are takingmore active steps to both retain employees and attract new typesof candidates.
Barclays' 10-week paid program is designed for people whotook time off mid-career for "personal responsibilities," whichcould include raising children or caring for a sick relative.Applicants must have worked for five years previously and earnedthe title of vice president or above. If accepted into theprogram, they are placed in an area within Barclays' investmentbank.
"There's a need for talent which is sparking [thisinitiative]," said Barbara Byrne, a vice chairman of investmentbanking at Barclays. "This is a pool of people who areavailable, experienced and talented."
Recent efforts at other banks have focused largely onimproving the work-life balance of existing employees toincrease retention.
UBS told investment bankers this month to take atleast two hours of "personal time" during the week, aiming togive them more flexible hours.
In November, Goldman Sachs made changes designed toretain junior bankers, including promoting them more quickly andencouraging mobility.
Reuters reported in February that Credit Suisse wasestablishing a fast-track program for top-performing juniors. (Reporting by Richa Naidu and Olivia Oran in New York; Editingby Saumyadeb Chakrabarty, Bernard Orr)
Barclays (BARC)
