Employee Purchasing programs offer you a simple way to improve the quality of life of your employees and their families by giving them a responsible, interest-free way to make major household purchases through payroll deduction.
Employee Purchasing makes it easier for your employees to get the products they need without draining their household budget on high interest rates. This benefit is ideal for middle income families who need a short payment plan to buy high-dollar items, such as appliances, electronics or vacations. As an employer, you can offer that payment plan interest-free to your employees at no risk to your business.
Employee Purchasing is free for your company to offer and can make a tremendous difference in the lives of your team members. In-store purchase offers and credit cards can charge extraordinary interest rates over time, which can put your team under financial strain at home. By offering Employee Purchasing as a benefit (risk-free for your company), you can ease the weight of financial uncertainty, which can stimulate higher productivity at work. We call that a win-win.
Setting up Employee Purchasing takes minimal time and HR resources. We do all the heavy lifting for you. Once implemented, it runs on auto-drive in the background so you don’t need to add extra processes to your already busy day.
For your employees, the experience is a delight. Employees register to shop through a custom built website for them. The products they’re able to buy are ones that they can afford within their means. When they find a product they need, they select it, place their order via the website or by phone, and then their items ship. Payroll deductions begin automatically.
We’re glad to give you the rundown on how Employee Purchasing works and help you determine if it’s a good fit for your company. Get in touch with one of our operations experts to start exploring this unique and attractive benefit.