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Companies Handing Out Cash to Needy Workers
The Wall Street Journal; subscription may be required Sept. 2, 2009 Excerpt: Disbursing funds for emergencies, or letting workers trade vacation time for cash, are among practices lauded in a new report by the Families and Work Institute, a New York nonprofit. At 1-800 Contacts, a Salt Lake City, Utah, contact-lens vendor with 850 employees, an 'associate outreach fund' offers emergency funds to employees in crisis. The company helped one worker make mortgage payments after a spouse was laid off; another payout helped an employee strapped by two surgeries and four months' missed work. Other disbursements covered emergency medical treatment for an employee's child, and cancer treatment for a spouse, says Max Neves, vice president, administration. |
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