Vanguard to pay $ 1,000 to vaccinated workers



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The incentive shows how hard some companies are going to encourage workers to get vaccinated due to concerns about the Delta variant. All of Vanguard’s approximately 16,500 U.S. employees are eligible and must show proof of vaccination by October 1.

“Vanguard recognizes that vaccines are the best way to stop the spread of this virus and strongly encourages the crew to get vaccinated,” Vanguard spokesman Charles Kurtz said in a statement. “As such, we are offering a vaccine incentive for crews who provide proof of vaccination against Covid-19. ”

Vanguard confirmed the $ 1,000 figure, first reported by Bloomberg News, and said the incentive is designed to recognize employees who have taken the time to “protect each other and our communities. by getting vaccinated “.

The move comes as several large companies have stepped up efforts to increase vaccination rates.

Microsoft (MSFT), Facebook (FB) and Google (GOOGL) have all announced in recent days vaccine requirements for employees returning to campuses and offices. And Tyson Foods (TSN), one of the world’s largest food companies, said on Tuesday that all office and factory workers should be vaccinated.
Vanguard, which manages more than $ 7 trillion globally, also joins a slew of other companies that have offered incentives to get a hit, albeit more modest.
For example, Kroger (KR) employees will receive a one-time payment of $ 100 if they present proof of vaccination. Mcdonalds (MCD) company employees can benefit from a maximum of four hours of paid vacation. Vaccinated workers at Bolthouse Farms can receive a bonus of $ 500.

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