Vanguard says it’s going to give its staff $ 1,000 to get a Covid-19 vaccine

Avant-garde signage at a Morningstar Investment Conference.

M. Spencer Green | AP

Vanguard is offering its employees $ 1,000 to get vaccinated against Covid-19, the company has confirmed.

The wealth management giant is following Facebook, Google, Microsoft, and other employers as they urge workers to get the coronavirus vaccine amid growing concerns about the rapid spread of the Delta variant.

“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, a spokesman for Vanguard, in a statement shared with CNBC. “As such, we offer a vaccination incentive for crew members who provide evidence of COVID-19 vaccination. The incentive recognizes crews who have taken the time to vaccinate themselves, each other and our communities. “

Kurtz also confirmed that the company’s 16,500 eligible employees have until October 1 to receive the vaccine, which Bloomberg first reported on Wednesday.

The Walgreens Boots Alliance announced Wednesday that the number of vaccines it has administered has increased more than 30% in recent weeks in certain states, including Alabama, Florida, Georgia and Kentucky.

That number could rise if the Food and Drug Administration grants the vaccines full approval over the emergency approval they are aiming for next month for the Pfizer vaccine. Still, companies like Vanguard encourage employees not to wait.