Purchasing power presentation

©2014, Purchasing Power, LLC. All rights reserved.
THE LEADING
EMPLOYEE PURCHASE
PROGRAM
©2014, Purchasing Power, LLC. All rights reserved. This document is proprietary and confidential. No part of this
document may be disclosed in any manner to a third party without the prior written consent of Purchasing Power, LLC.
1

Who We Are:
Purchasing Power is a voluntary benefit program providing
employees financial flexibility and a way to buy needed products
and services through payroll deduction.
How We Support You:
Purchasing Power will help you with a no-cost and no-liability
benefit that supports recruitment, engagement, and ultimately
retention and productivity to help lower your business costs.
2
PURCHASING POWER

MetLife’s 10th Annual Study of Employee Benefits
Trends, published in 2012, revealed that:
• 60% of employees say employee benefits offered are an
important reason to remain with an employer.
• 61% of employees report they value voluntary benefits as a
way to obtain benefits that meet their personal needs.
• 54% of employees are interested in having their employers
provide a wider array of voluntary benefits that they can
choose from and pay for on their own.
3
INDUSTRY ANALYSIS

A Harris 2013 Poll, revealed:
• More than 44% of working people do not have $2000
or more for an emergency purchase.
• 31% of employees are unable to prepare for
long-term financial needs,
• While another 50% wish they were more
prepared.
• 28% of employees admit that personal finances
are a distraction at work, with the average
affected person experiencing financial
presenteeism of more than 2 hours per week.
4
WHY PURCHASING POWER?

Engagement
Retention
Keep Costs Down
Healthcare Reform
Productivity
Presenteeism
Health & Welfare
Recruitment
Absenteeism
Company Goals
Morale
5
WHY PURCHASING POWER?

* Based on November 2012 survey results from 601 Purchasing Power customers.
6
PROGRAM OUTCOMES

7
PRODUCT CATEGORIES

Help Your Employees Take Control of Their Financial Future
• Credit Reporting & Monitoring
 Through our partner, Quizzle, access free tools and
educational resources to make the world of credit
more accessible.
• Complimentary Educational Webinars
 Attend financial wellness webinars on topics such
as budgeting tips for the holidays, student loan debt,
preventing loans from retirement plans, and more.
• Expert resources
 Articles and tips on money management,
understanding credit and financial planning from
industry expert Bill Cheeks.
8
FINANCIAL WELLNESS

• We currently have over 7,000 products and growing.
• Each month, Purchasing Power conducts a true apples-to-apples cash
comparison, including the value added products and services we
bundle and shipping costs.
• Well known retailers are used for the comparisons - typically Best Buy,
Sears, Macy’s, Target and Walmart.
9
OUR PRICING MANAGEMENT PROCESS

10
FINANCIAL WELLNESS

We make it as simple as possible.
• All employees who meet the eligibility requirements (based on tenure
and salary) are automatically qualified – there is no credit check.
• When shopping on the Purchasing Power website, the employee will
know the total price up front and how much will be deducted from each
paycheck over a 12-month period in order to budget effectively and
promote responsible spending.
11
CUSTOMER EXPERIENCE

12
EASY PROGRAM ADMINSTRATION

 Dedicated Website
 Home Mailers
 Email
A variety of communication vehicles are used:
 Posters
 Newsletters
 Flyers
 Intranet
 Benefit Fairs
Purchasing Power handles the communication of the program to employees from start to
finish, covering all costs
13
COMMUNICATION PLAN

14
WEBSITE SCREENSHOT

• 12+ years in the voluntary benefit industry
• Serves over 6 million customers
• Clients encompass 250 companies and 16 industries
• Processed over 20 million payroll deductions
• Over $1 billion in orders through payroll deduction platform
• Offering brand name products across 13 categories
1515
PURCHASING POWER- ABOUT US

©2014, Purchasing Power, LLC. All rights reserved. This document is proprietary and confidential. No part of this
document may be disclosed in any manner to a third party without the prior written consent of Purchasing Power, LLC.
Thank You!
Testimonials from Clients & Customers
www.youtube.com/PurchasingPowerTV
IAML Services, Inc.
450 Newport Center Dr., Suite 390
Newport Beach, CA 92660
(949) 760-1700
To Learn More, Please Contact:

Purchasing power presentation

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