posted on: March 7, 2009
As we continue to develop world-class employee discount and voluntary benefits programs, we’ve noticed a common problem amongst our clients and prospects: the inability of some employees to obtain the financing needed to make purchases on more expensive items. A common and often necessary purchase that falls into this category is computers, and that is why PerkSpot has partnered with Purchasing Power to eliminate this problem.
Purchasing Power is a program that will allow employees to purchase computers and other items with the convenience of payroll deduction while bypassing the traditional financing process altogether. This allows employees to purchase these items without unbalancing their budgets, and frankly, it allows a greater number of employees to purchase in the first place. For example, 50% of those who apply for financing from Dell for computer purchases do not receive it. If an organization of 30,000 employees has 5,000 employees making computer purchases each year, that could be as many as 2,500 employees who are not able to retrieve the financing they need to make these purchases.
As human resources departments across the world are struggling to remain competitive in their voluntary benefits offerings amidst the shaky economy, PerkSpot has identified Purchasing Power as a great benefit for employees and employee discount programs.