Now that we discussed the employee side briefly lets switch gears and talk about you the employer. We know there are many challenges you face daily whether its healthcare reform, employee engagement and recruitment and trying to do all this while trying to keep cost down. Our program has proven to support some of these challenges and there is a financial benefit to you and not just the employee. Lets take a look.
Butdon’t take our word for it, here are some statistics from our customers. They see great value in having access to Purchasing Power. It keeps them from considering loans from their 401(k), helps to reduce financial stress - making them more productive:This survey was conducted in 201294% of our customers say our employee purchase program helps reduce stress associated with financial worries.67% of customers say that access to Purchasing Power makes them more productive employees. 71% of customers say they are less likely to consider using 401K for short-term financing and 70% say access to Purchasing Power makes them more likely to stay with their employer.
Purchasing Power offers an installment payment plan and is best compared to other financing options such as a credit card or in-store credit; however, people often compare our prices to cash prices, so we regularly monitor our pricing to see how it compares to other retail and financing options. Today, more than ever, retailers change pricing on their products to drive sales and promote certain categories and brands in their stores or on their websites. Purchasing Power understands this and has created a pricing management process to adapt to the dynamic world of retail pricing.
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Purchasing Power is here to help. We will work with you and your client to determine the best communication plan and will cover any costs associated with materials needed to do so. We have found that with large clients, direct mail to employees’ homes is the best way to communicate our benefit while for smaller clients, an email with a link to an e-catalog, resonates very well. Best of all, Purchasing Power bears the cost of all collateral.
