Social responsibility drives Calvert Group benefits — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Social responsibility drives Calvert Group benefits

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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

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