A recent study, by the Integrated Benefits Institute (IBI), found that employee benefits from absent workers caused by COVID-19 could cost employers more than $23 billion.
So, it's no surprise that many employers are eager to encourage their employees to receive the COVID-19 vaccination.
The vaccine is seen as a light at the end of a tunnel by many, allowing a safe return to the workplace and driving economic recovery.
But, with one-third of Americans unwilling to get the COVID vaccination, the new challenge for employers is convincing employees to get vaccinated. Choosing whether or not to mandate the COVID-19 vaccine will be one of the biggest decisions for HR and company leaders this year.
With a slew of misinformation and fear surrounding the virus and vaccine, it's important to educate your employees. It's also important for your employees to know that you care for their health, their safety, and the benefits they will get from receiving the vaccine.
The CDC compiled COVID and vaccine information for employers of essential workers. We've highlighted key areas below.
It is known that infection with SARS-CoV-2, the virus that causes COVID-19, can result in a range of illnesses, from mild symptoms to severe illness and death. About 30% of persons infected with SARS-CoV-2 do not have symptoms. No one can predict how severe any person’s illness might be, but certain factors may increase your risk. Some people are more likely than others to become severely ill when infected, such as older adults or people with certain medical conditions, like diabetes, obesity, cancer, or heart disease.
The COVID-19 vaccination is a safer way to help build protection. Getting the virus that causes COVID-19 may offer some natural protection, known as immunity. But experts don’t know how long this protection lasts, and the risk of severe illness and death from COVID-19 far outweighs any benefits of natural immunity. COVID-19 vaccination will help protect you.
Another way to encourage employees to get vaccinated is through incentives, which could be more effective than mandates.
Numerous, large United States chains are offering their employees incentives. Dollar General will give its workers a one-time payment equivalent to four hours of pay after receiving a completed vaccination. Aldi and Trader Joe's are providing hourly workers two hours of pay for each dose of the vaccination they receive. Instacart is also providing some financial assistance for in-store workers and independent contractors.
If you already have an employee engagement program, motivate your employees to get their vaccine with points or a gift. You can also use the platform to educate about COVID, the benefits of the vaccine, preventative measures after the vaccine, and highlight employee success stories.
If you'd like to know how C.A. Short can help you build an incentive program for your employees, please contact us.
The COVID-19 vaccination is only one tool in the toolbox, and it will take time to vaccinate all Americans. It's important that everyone continue to wear a mask, avoid close contact with others, and wash your hands to prevent the spread of COVID-19.