Investment companies relax dress code

Goldman Sachs relaxed the dress code.

BBC: Goldman Sachs relaxes dress code for all employees

The top of Goldman Sachs approved an internal memorandum permitting casual dressing on business, according to the media. In this memo, it is confirmed that firm-wide flexible dress cord should be adapted. On the other hand, casual dresses are not allowed in everywhere and every time. Workers are expected to decide the clothes best matching the occasion in each opportunity.

In Goldman Sachs, as well as other investment companies, under 30s has become majority. This policy change is reflecting young workers’ will.

I believe, however, generation gap is not the main reason for this decision. To begin with, it is doubtful that workers in an investment company have to wear formal suits. Also, opinion of customers than employees will be prioritized in the decision-making of dress code. Nowadays, face-to-face communication in investment consultation is shrinking. Many customers seem not to be interested in the clothes of workers.