When your employees order through Purchasing Power, they make budgeting easy through automatic payroll deductions. Their program encourages disciplined spending as employees will pay off their balance in full in a short 12 month period with no late fees or ballooning interest. Purchasing Power gives your employees access to items they need to buy when cash is not an option.
Through Purchasing Power, your employees will be able to:
- Purchase the items they need with manageable payments over time
- Enjoy the comfort of knowing they have a voluntary benefit that can help them through unplanned financial situations
- Better budget for big-ticket items such as refrigerators or computers
- Always pay on time with the convenience of payroll deduction
- Increase productivity at work by eliminating the financial stress of overburdened paychecks
- Avoid high-interest rates and long-term payment plans
- When your employees are stressed about their financial wellness, it will negatively impact your company’s bottom line. Help your employees alleviate financial stress and budget smarter with Purchasing Power.
Fast Facts:
- 93% of Purchasing Power customers agree that having access to Purchasing Power helps reduce their financial pressures and stress.1
- A large portion of Americans are not natural budgeters. In fact, according to the 2010 U.S. census bureau, the average credit card debt of U.S. citizens is $5,100.2
- 15 to 20 percent of employees have financial problems severe enough to impact productivity due to increased stress levels.
Purchasing Power Helps Your Employees through:
Education | Family Enrichment | Health & Wellness
Sources:
1Purchasing Power customer study, November, 2010
22010 U.S. Census Bureau, source: www.money-zine.com/Financial-Planning/Debt-Consolidation/Consumer-Debt-Statistics