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50% Firms Planning To Facilitate Vaccination For Employees and Their Dependents: Survey

50% Firms Planning To Facilitate Vaccination For Employees and Their Dependents: Survey

Around 50 per cent companies in India are planning to facilitate vaccination for their employees and dependent, according to the COVID-19 Vaccination Trends India Survey conducted by Willis Towers Watson.

 

Further, 80 per cent companies are considering having the vaccination administered at third-party clinics or hospitals, 21 per cent at their offices and 10 per cent at the residence of their employees.

 

Nearly all the surveyed companies (97 per cent) plan to cover or subsidise the vaccination cost for their employees, while 78 per cent plan to do so for the spouse/partner, 74 per cent for the children and 59 per cent for the parents. In terms of cost heads, 73 per cent indicated that they would cover the cost of vaccination, 22 per cent would cover administration costs (Hospital/ Clinic/ Paramedic fee) and only 10 per cent the cost of logistics such as travel expenses.

 

Interestingly, 23 per cent of the surveyed firms claimed that vaccination related costs would be covered from the existing employee benefits budget while 37 per cent would allocate a separate budget. Further, 75 per cent of the employers plan to include vaccination costs as part of their insurance programmes and 15 per cent as part of an OPD benefit.

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