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Monthly Employee Stipend Aimed at Supporting Small Local Businesses

February 2, 2021

Via: SHRM

Foosball tables, free food in the communal kitchen, and fridges stocked with wine or beer have disappeared as company perks now that many more employees are working from home during the COVID-19 pandemic. As a result, employers have to be creative and find new ways to engage and retain employees.

To boost morale—and the local economy—an employer in Austin, Texas, introduced a benefit for its employees that also supports small local organizations facing huge challenges: a monthly $200 stipend for workers to spend at nearby businesses.

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