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Delighted to welcome Rob Yates as our new Director of National Platform Partnerships! In this role, he will focus on large employer groups to help answer their employees' needs for greater purchasing options and increased financial flexibility.
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New Mercer study reveals employees are more satisfied with work, but financial security concerns remain high.
Covering monthly expenses still tops employees’ concerns. Purchasing Power offers a benefit solution to help budget needed purchases. #HRLeaders
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EBN reports that Gen Z workers are the most stressed out demographic. 23% of young workers say they are dealing with "unmanageable stress," and 48% said they felt drained. Let Purchasing Power help with financial stress. #HRLeaders
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Middle-Income Financial Security Monitor says more mid-income Americans rate their personal finances negatively than positively. Just over half (51%) say their finances are either "not so good" or poor. Let Purchasing Power help free up cash! #HRLeaders
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EBN shares increased living costs are impacting employees' overall financial picture — and salary increases aren't keeping pace, leaving employees further behind than ever. Let Purchasing Power help answer these more immediate financial needs. #HRLeaders
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Student loan payments resumed Oct. 1. Many employers are providing guidance & counselor tools or offer one-on-one financial coaching sessions – or even student loan matching for 401(k) plans. Use Purchasing Power to help employees free up cash. #HRLeaders
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The financial services industry is tailored for those with disposable income who may need guidance, but not actual help. HR executives need to foster financial resilience for the often-overlooked middle-class worker. Let Purchasing Power help! #HRleaders
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Maxing out a 401(k) is hard when employees are struggling to make ends meet and their paycheck barely covers expenses. That’s why employers need to go beyond the obvious to give employees practical support they need...like Purchasing Power. #HRLeaders
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The average American's personal debt is $21,800, which is why employers need to provide employees with the right financial tools--budgeting worksheets, money management apps, financial counseling, etc. Make Purchasing Power part of your mix! #HRLeaders
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Purchasing Power surveyed healthcare employees earning less than $100,000 a year on topics including compensation, workplace benefits, monthly expenses, and their expectations of current or new employers. Financial wellness benefits are vital! #HRLeaders
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Purchasing Power closed a $177 million revolving credit facility, backed by Barclays Bank. This will support the company's growth plans through the majority of 2025, providing more customers access to its unique employee purchase program and financial wellness tools. #HRLeaders
Is your financial wellness offering really serving employees? Are they retaining the information and benefits? Tailoring wellness programs to employees’ needs can better guide businesses and their employees to real financial health improvement. #HRLeaders
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Replying to @hrdive
@hrdive says the number of 401(k) participants taking hardship distributions increased 36% year over year, per a Bank of America report. Workers are selecting short-term expenses over long-term savings. Let Purchasing Power offer benefits help. #HRLeaders
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Replying to @AdvisorMagazine
@AdvisorMagazine says 35% of Americans say they’re carrying close to their highest level of debt ever, and 30% of their monthly income goes toward paying it off--most expect to be in debt for years. Purchasing Power helps to retain needed cash. #HRLeaders
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Replying to @AdvisorMagazine
@AdvisorMagazine reports 33% of survey respondents saw credit card debt increase this year, up 4% over 2022. 76% are cutting back on non-essential purchases; 48% are pausing savings to make up the difference. Purchasing Power can be a solution. #HRLeaders
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Global competition for healthcare talent is making headlines. 80% of healthcare professionals state benefits are just as important as salary. View all findings of the Purchasing Power 2023 Financial Well-being Survey: Healthcare Industry here. #HRLeaders
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Replying to @EBNbenefitnews
@EBNbenefitnews notes today's workforce encapsulates 5 different generations,, from Gen Z to baby boomers. Each have widely different financial needs and concerns that employers need to address. Let Purchasing Power help bridge these needs! #HRLeaders
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Purchasing Power VP Dutch Ross was recently interviewed by AMERICAN CITY & COUNTY about employers having the opportunity to enhance how they support immediate and sometimes unplanned financial needs of their employees. Great shared insights! #HRLeaders
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Replying to @hrdive
@hrdive cites SHRM report noting employers are increasingly offering family support benefits as talent attraction/retention tools. Purchasing Power can amplify that support with financial wellness resources. #HRLeaders
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