Purchasing Power Program

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Purchasing Power Program

  1. 1. ©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
  2. 2. ©2014, Purchasing Power, LLC. All rights reserved. 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
  3. 3. ©2014, Purchasing Power, LLC. All rights reserved. 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
  4. 4. ©2014, Purchasing Power, LLC. All rights reserved. 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. Access our white paper below to learn more about how financial stress is affecting your employees. 4 WHY PURCHASING POWER?
  5. 5. ©2014, Purchasing Power, LLC. All rights reserved. Engagement Retention Keep Costs Down Healthcare Reform Productivity Presenteeism Health & Welfare Recruitment Absenteeism Company Goals Morale 5 WHY PURCHASING POWER?
  6. 6. ©2014, Purchasing Power, LLC. All rights reserved. * Based on November 2012 survey results from 601 Purchasing Power customers. 6 PROGRAM OUTCOMES
  7. 7. ©2014, Purchasing Power, LLC. All rights reserved. 7 PRODUCT CATALOGS
  8. 8. ©2014, Purchasing Power, LLC. All rights reserved. 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. Learn more by visiting our Financial Wellness page. 8 FINANCIAL WELLNESS
  9. 9. ©2014, Purchasing Power, LLC. All rights reserved. • 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, Macys, Target and Walmart. 9 OUR PRICING MANAGEMENT PROCESS
  10. 10. ©2014, Purchasing Power, LLC. All rights reserved. 10 FINANCIAL WELLNESS
  11. 11. ©2014, Purchasing Power, LLC. All rights reserved. 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. 12. ©2014, Purchasing Power, LLC. All rights reserved. 12 EASY PROGRAM ADMINSTRATION
  13. 13. ©2014, Purchasing Power, LLC. All rights reserved.  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. 14. ©2014, Purchasing Power, LLC. All rights reserved. 14 WEBSITE DEMO
  15. 15. ©2014, Purchasing Power, LLC. All rights reserved. • 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
  16. 16. ©2014, Purchasing Power, LLC. All rights reserved. ©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! Clients & Customers Testimonial 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:

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