Purchasing Power Program

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

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.

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.

Access our white paper

below to learn more about

how financial stress is

affecting your employees.

4

WHY PURCHASING POWER?

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

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


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 CATALOGS


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

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

http://www.purchasingpower.com/how-it-works/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, Macys, 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 DEMO


• 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

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©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 Testimonialwww.youtube.com/PurchasingPowerTV

IAML Services, Inc.450 Newport Center Dr., Suite 390Newport Beach, CA 92660(949) 760-1700

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