Hoffman helps its staff feel at home

SAN JOSE, CA: The Hoffman Agency, in a move that stands in stark

contrast to the recent belt-tightening measures of its tech PR peers

(see story, above right), has introduced a new benefit program designed

to assist employees with the still-astronomical cost of living in and

around Silicon Valley.

Starting May 1, US staffers will be eligible for low-interest loans of

up to dollars 25,000 to apply to the purchase of a first home. Hoffman

will award up to two such loans per year. The agency will also provide

cash payments of dollars 250 a month to 10 employees who rent within 10

miles of a Hoffman office in the US.

Finally, for renting employees who wish to start saving to buy a home,

Hoffman will subsidize the use of a financial planner to help map out

individual savings strategies.

'We are feeling the pinch, too, and our profitability won't be at the

level it was last year,' Hoffman CFO Leon Hunt explained. 'But because

we are independent, we have the ability to invest in growing our talent

and build loyalty to put us in a better position when a turnaround


Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in