Biden Pushes Companies on Vaccine Mandates

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Summary

President Biden on Thursday laid out a wide-ranging plan to tackle the coronavirus pandemic, including requiring companies with more than 100 employees to mandate that their workers get vaccinated or face weekly testing. The move comes as airlines, restaurants and other businesses are already feeling the pain of an economic pullback caused by the Delta variant of the virus. But many of those mandates, including at companies like Goldman Sachs and UPS, have focused on white-collar workers, who tend to have higher vaccination rates. This presidential directive will help industries facing labor shortages, like retail and hospitality, institute a requirement on their frontline workers. But companies will now face new decisions, like whether to pick up the tab for weekly testing and how to handle religious exemptions — tasks many are already finding challenging.

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Fintech & Banking
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