Vanguard to pay employees $ 1,000 to get vaccinated

Investment management firm Vanguard is offering its employees $ 1,000 for a COVID-19 vaccine, making it the latest major company to encourage its employees to get the vaccine amid the spread of the transmissible delta variant.

Representatives of the avant-garde confirmed the prompt to CNBC reporters.

“Vanguard recognizes that vaccines are the best way to stop the spread of this virus and strongly encourages the crew to get vaccinated,” said Charles Kurtz, spokesperson for Vanguard. “As such, we are offering a vaccine incentive for crews who provide proof of COVID-19 vaccination. The incentive recognizes the crew who took the time to protect themselves, protect themselves and our communities by getting vaccinated. “

Many private and public organizations are implementing measures to encourage or even force employees to be vaccinated. The Department of Veterans Affairs became the first government agency to make vaccines mandatory for healthcare workers in contact with clients.

States have followed suit, with New York, California and New Jersey issuing warrants requiring healthcare workers to be vaccinated or undergo frequent tests every week.

While about 50 percent of Americans are vaccinated, the rate has slowed as the delta variant increases across the country.

President Biden also request that local governments make up to $ 100 available to each person after vaccination. The money would come from federal funding given to states through the American Rescue Plan.

“With incentives and mandates, we can make a huge difference and save a lot of lives,” Biden said.

Other private companies, including Google, Microsoft and Facebook require vaccinations for employees who return to offices and give them time to do so.

Vanguard remains one of the few companies to pay its employees to be vaccinated. At the start of the vaccine rollout, many employers gave their staff paid time off to get vaccinated rather than forcing workers to take time off and forfeit their pay, another form of incentive. Supermarkets like Publix and Walmart are among the few to reward their employees with wages outside of paid time off to get vaccinated.

“Providing accommodations so that employees can receive this essential vaccine is another way to support them and eliminate the need to choose between earning a salary and protecting their well-being,” said Jason Hart, CEO of ALDI US . at AARP.