Purchasing power presentation

©2014, Purchasing Power, LLC. All rights reserved.

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THE LEADINGEMPLOYEE PURCHASEPROGRAM

©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.


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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.

PURCHASING POWER


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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.

INDUSTRY ANALYSIS


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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.

WHY PURCHASING POWER?

http://www.purchasingpower.com/sites/all/files/attachments/employer-resource/WhitePaper_FinancialWellness.pdf


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Engagement

Retention

Keep Costs Down

Healthcare Reform

Productivity

Presenteeism

Health & Welfare

Recruitment

Absenteeism

Company Goals

Morale

WHY PURCHASING POWER?


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

PROGRAM OUTCOMES


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PRODUCT CATEGORIES


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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.

FINANCIAL WELLNESS

http://www.purchasingpower.com/how-it-works/financial-wellness


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• 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.

OUR PRICING MANAGEMENT PROCESS


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FINANCIAL WELLNESS


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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.

CUSTOMER EXPERIENCE


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EASY PROGRAM ADMINSTRATION


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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

COMMUNICATION PLAN


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WEBSITE SCREENSHOT


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• 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

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PURCHASING POWER- ABOUT US

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©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!

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