The Calvert Group encourages people to invest the minute they’re born. The mutual fund company gives employees who become moms and dads a $1,000 baby bonus to invest in a Calvert account.
“It certainly makes sense given what we do as a company,” says Kathy Torrence, VP of corporate social responsibility and community partnerships.
Based on birth rates among the Bethesda, MD-based company’s 200 employees, it doesn’t cost much to offer this benefit, says Torrence, yet it helps with retention.
Other retention strategies: free, 15-minute massages twice a week in an on-site massage room; a paid day off a month for any employee who wants to spend it volunteering (last year, employees volunteered 3,000 hours); up to $3,000 toward a hybrid car; and a 100% subsidy for public transportation costs.
The company also offers any employee $500 to buy a bicycle and $120 for walking shoes, encouraging alternative modes of transportation.
Contact: Kathy Torrence, (301) 951-4800