The location and size of companies are two indicators of how likely businesses are to require or encourage vaccination for their employees, new PYMNTS data show. In short, the larger and more urban a company is, the more likely it is to have a policy requiring staff to get the COVID vaccine.
PYMNTS research found that almost half of the firms surveyed are requiring vaccination for their employees. Among the respondents, 37 percent require all employees to get vaccinated and 11 percent require some to get vaccinated.
Read more: To See What ‘Normal’ Looks Like, Watch Main Street SMBs
However, there are significant differences among different categories of companies. Those in metropolitan areas and cities, for example, are more likely than the whole sample to require vaccination for all or some employees. At the same time, companies in towns and rural areas, on the other hand, are less likely to require vaccination.
When it comes to encouraging but not requiring employees to get vaccinated, the differences are not so stark. Companies are pursuing a variety of strategies, encouraging some or all employees to get vaccinated. In some cases, they are even offering incentives.
However, there are significant differences when it comes to companies that do not have a policy regarding vaccination. Among the entire sample, 15 percent of companies have no policy, which was true of only 11.5 percent of companies in metropolitan areas and 9.5 percent of those in cities. However, nearly 25 percent of companies in towns and over 42 percent of those in rural areas said they had no policy whatsoever.
The data also revealed similar policy differences among companies of different sizes. Among businesses with annual revenues between $2.5 million and $10 million, only 8.6 percent did not have a policy regarding vaccination. However, among companies with annual revenues of less than $250,000, that number more than triple to over 26 percent not having a COVID vaccine policy. Companies of other sizes fell in between those percentages.
Larger companies were more likely to require vaccination for all or some employees. Sixty-two percent of the largest employers require vaccinations, while only about 38 percent of the smallest companies do.
Earlier research by PYMNTS found that regional differences exist among business owners themselves. While 56 percent of Main Street small- and medium-sized businesses owners in metropolitan areas said they would get vaccinated in the next three months, only 13 percent of those in rural areas said they would do so.
Read more: Nearly Half Of Main Street SMBs Will Boost Business Investments As Vaccines Roll Out
These owners also had different attitudes toward the effectiveness of vaccines. Seventy-eight percent of metropolitan Main Street SMBs expect vaccination efforts to successfully control the virus’s spread, compared to just 41 percent of their rural counterparts.
Looking ahead, 62 percent of all firms that are not requiring vaccination now are at least “slightly” likely to do it in the next three months. About 43 percent of them are at least “very” or “extremely” likely to have different requirements for different employees.
The situation and measurement of firms are two indicators of how probably companies are to require or encourage vaccination for his or her workers, new PYMNTS information present. In brief, the bigger and extra city an organization is, the extra probably it’s to have a coverage requiring workers to get the COVID vaccine.
PYMNTS analysis discovered that nearly half of the corporations surveyed are requiring vaccination for his or her workers. Among the many respondents, 37 p.c require all workers to get vaccinated and 11 p.c require some to get vaccinated.
Learn extra: To See What ‘Regular’ Seems to be Like, Watch Important Road SMBs
Nonetheless, there are important variations amongst totally different classes of firms. These in metropolitan areas and cities, for instance, are extra probably than the entire pattern to require vaccination for all or some workers. On the similar time, firms in cities and rural areas, however, are much less prone to require vaccination.
With regards to encouraging however not requiring workers to get vaccinated, the variations are usually not so stark. Corporations are pursuing a wide range of methods, encouraging some or all workers to get vaccinated. In some instances, they’re even providing incentives.
Nonetheless, there are important variations on the subject of firms that should not have a coverage concerning vaccination. Among the many complete pattern, 15 p.c of firms haven’t any coverage, which was true of solely 11.5 p.c of firms in metropolitan areas and 9.5 p.c of these in cities. Nonetheless, practically 25 p.c of firms in cities and over 42 p.c of these in rural areas stated that they had no coverage in anyway.
The information additionally revealed comparable coverage variations amongst firms of various sizes. Amongst companies with annual revenues between $2.5 million and $10 million, solely 8.6 p.c didn’t have a coverage concerning vaccination. Nonetheless, amongst firms with annual revenues of lower than $250,000, that quantity greater than triple to over 26 p.c not having a COVID vaccine coverage. Corporations of different sizes fell in between these percentages.
Bigger firms had been extra prone to require vaccination for all or some workers. Sixty-two p.c of the most important employers require vaccinations, whereas solely about 38 p.c of the smallest firms do.
Earlier analysis by PYMNTS discovered that regional variations exist amongst enterprise house owners themselves. Whereas 56 p.c of Important Road small- and medium-sized companies house owners in metropolitan areas stated they might get vaccinated within the subsequent three months, solely 13 p.c of these in rural areas stated they might achieve this.
Learn extra: Almost Half Of Important Road SMBs Will Enhance Enterprise Investments As Vaccines Roll Out
These house owners additionally had totally different attitudes towards the effectiveness of vaccines. Seventy-eight p.c of metropolitan Important Road SMBs anticipate vaccination efforts to efficiently management the virus’s unfold, in comparison with simply 41 p.c of their rural counterparts.
Wanting forward, 62 p.c of all corporations that aren’t requiring vaccination now are a minimum of “barely” prone to do it within the subsequent three months. About 43 p.c of them are a minimum of “very” or “extraordinarily” prone to have totally different necessities for various workers.