Steel & Tube grants $150 incentive to vaccinated staff

Employees need to roll up their sleeves by mid-November

Steel & Tube grants $150 incentive to vaccinated staff

Steel & Tube has announced that it will be granting $150 in cash to employees who get vaccinated against COVID-19, joining the list of companies that are incentivising the jabs.

The steel solutions provider said in a media release that it’s offering $150 either in cash or Kiwisaver contribution to employees who are vaccinated by mid-November. They can also opt for Steel & Tube shares, which they receive through Sharesies.

Mark Malpass, chief executive officer of Steel & Tube, said this is the company's contribution to help increase vaccination rates in New Zealand.

"We believe a fully vaccinated workforce will create a safer workplace for our team and customers. We’ve got an interest in having high vaccine rates so it’s one way we can play our part in helping accelerate the uptake," Malpass said in a statement. "Our ambition is to get the whole of Steel & Tube vaccinated and therefore we are doing all we can to encourage our team."

Read more: Employees divided over business incentives to be vaccinated against COVID-19

The company also cited the effect of vaccines in reducing the risk for the most vulnerable and relieving the pressure on the health system. They added that it lowers the chances of future lockdowns affecting businesses in Auckland. Prior to the $150 incentives, the company has been making weekly draws for one of four $50 vouchers for those who disclose their vaccine status.

Steel & Tube joins the list of companies across the world that are offering incentives to those who have taken the jabs. Insurer Anthem, semiconductor firm Intel, and US retail chain Dollar General have also rewarded their vaccinated staff with financial incentives.

Recent articles & video

Australia's top HR leaders on reinventing the industry for a digital landscape

Frontline workers given free internet from Slingshot

Telstra's HR leader on hybrid work: 'We've only scratched the surface of what's possible'

Nearly two million employees killed annually in workplace accidents

Most Read Articles

Allianz data reveals workplace mental health injury claims are on the rise

‘It was an incredible shock to the system’: Queenstown Airport’s HR leader on the impact of COVID-19

The 'Prince Harry Effect': Why HR needs to listen to celeb mental health