As states continue to expand their criteria about who’s eligible to get the COVID-19 vaccine, some workplaces are offering incentives to their employees to get immunized.
These incentives range from stipends and extra pay to gift cards and even time off.
But there’s plenty of debate among behavioral economists about whether incentives work.
Incentives are a first step for many businesses to encourage employees to get the vaccine, even though there is precedent for them to require it.
Mark Goldstein, an employment lawyer with Reed Smith, said it’s a difficult balancing act.
“All the clients that I advise on this are trying to be sensitive to people’s views on this issue, but also trying to make sure that everyone has the safest work environment possible,” Goldstein said.
The city of Phoenix is paying its employees $75. Grocery store chain Aldi is offering up to four hours of pay.
“Amtrak is allowing excused absences for employees receiving vaccination during their regularly scheduled work hours, when they submit the documentation of receiving the vaccine,” said Kimberly Woods, a spokesperson for Amtrak.
It’s also offering up to two hours’ worth of bonus pay.
But Goldstein said rewarding vaccinations remains legally murky. And there’s the question of whether incentives even work.
Cynthia Cryder, an economist at Washington University in St. Louis, said incentives are not going to change how much people trust the vaccine.
“In fact, the evidence that we have suggests that when there’s higher compensation, people assume there’s greater risk involved,” she said.
Cryder’s research has also found offering rewards can raise suspicions among people who previously had no opinion.
There’s another cost, said Denise Rousseau, an organizational psychologist from Carnegie Mellon. Incentives can strip the ethical component from getting vaccinated.
“If you have to reward me for this, you want me to do this for reasons that aren’t about morality and aren’t about social good. You want to get more work out of me,” Rousseau said.
As vaccines become more available, incentives may lose appeal. And the American workforce may be split between those who get vaccinated and those who refuse.
Will offering employees vaccination incentives work?
These incentives range from stipends and extra pay to gift cards and even time off. But there’s plenty of debate among behavioral economists about whether incentives work. Incentives are a first step for many businesses to encourage employees to get the vaccine, even though there is precedent for them to require it. Behavioral economists say there could be unintended consequences, however. And rewarding vaccinations remains legally murky.
What happens if some relief funds are not spent?
Depending on how you count it, the federal government has put up about $4 trillion of pandemic-related relief so far, from loans to tax cuts to new spending. But, said Marc Goldwein, senior vice president of the Committee for a Responsible Federal Budget, “there’s a lot of money still in the pipeline.” Leftover PPP money is sitting in an account. But other expenses, like unemployment, are more like Congress saying, “We’ll spend it if we need to.” But whether this or that program spends everything it was expected to is a very different argument than how much total need is out there in the economy.
How should companies compensate their employees’ work-from-home costs?
A new survey from the compensation software and data company PayScale found that less than 25% of organizations provided any kind of stipend to employees working from home last year. As companies make some level of working from home permanent, they need to think carefully about their compensation policies because figuring out stipends can get tricky, said Shelly Holt, chief people officer at PayScale. Also, a study from the University of Washington found that about 75% of Americans can’t work exclusively from home. Folks working in health care and at grocery stores among so many others.
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February 17, 2021 at 07:27PM
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Will offering employees vaccination incentives work? - Marketplace
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