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
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Social responsibility drives Calvert Group benefits

Get PDF file

by on
in Human Resources

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

Leave a Comment

Previous post:

Next post: