What You Need to Know
- Vanguard rival BlackRock recently adjusted its plans, prohibiting unvaccinated employees from entering U.S. offices starting in July.
Vanguard Group Inc. is offering $1,000 to employees who get vaccinated by October, according to a person familiar with the matter.
The asset manager is extending the payments to all workers who can prove they’ve gotten a Covid-19 vaccine, even if they were inoculated before the firm extended the offer. A Vanguard spokeswoman confirmed the company is offering an incentive.
“We are offering a vaccine incentive for crew who provide Covid-19 vaccination proof,” she said in an emailed statement, adding that the company rewards employees “who have taken the time to protect themselves, each other, and our communities by being vaccinated.”
The program follows Vanguard’s decision to move to a hybrid model earlier this year, allowing most staff to work remotely on Mondays and Fridays.