by By Paul Bergeron shrm.org
Since April, global real estate data company CoStar has randomly awarded $10,000 each day to a vaccinated employee who returned to a physical office. Additionally, CoStar is awarding vacations to Barbados and flights via the company’s private plane to three employees, and one grand-prize winner will receive a new Tesla.
Chief Executive Officer Andrew Florance announces the daily winners each morning with an all-staff e-mail. He said the daily drawings could last into summer, and while this is a lot of money to invest in encouraging vaccinations and a return to the office, “in the context of a multibillion-dollar company with thousands of staff and hundreds of offices, it’s a drop in the bucket,” he said.
Welcoming employees back to a physical workplace could enable more-effective onboarding and training, facilitate valuable person-to-person and team collaboration, heighten productivity, make it easier for colleagues to build rapport, and immerse newer employees in the company’s culture.
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