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The second largest American steelmaker is struggling to meet a vaccine threshold that would give a $3,000 bonus to each worker.
Cleveland-Cliffs promised the bonus to all 25,000 employees if they could reach an 85% vaccination rate, or $1,500 if they hit 75%, according to company spokeswoman Patricia Persico. The program is based on vaccination rates per site, with “more than” 20 of 46 locations above the 75% rate. The company-wide rate is about 60%.
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From medical bills to car repairs, small expenses can create major stress for workers. Employers are responding with new emergency support programs.
New NFP research finds 72% of workers are behind on retirement as rising costs, competing priorities, and financial stress make saving harder.
Benefit reductions meant to cut costs and even free up funds for AI may be undermining retention, as workers scale back savings and question their employers' priorities.
Workplace safety has reached a boiling point, but organizations have the means to keep their employees physically and psychologically secure.
While employers often think they have strong safety measures in place, those protections don't always extend to employees working in the field.
