HASC has developed a partnership with Purchasing Power, a company designed to help employers reduce financial stress in the workplace and increase employee productivity. Employees without cash on hand or with limited credit options are able to buy big-ticket products and services through the ease of payroll deduction. Purchasing Power also offers financial wellness tools and resources to help employees make positive financial choices.

Eligible employees can register through the Purchasing Power website and view the online catalog. Once registered, they will be able to shop for products and services like computers and tablets, home appliances, fitness equipment, educational services and vacation packages. The employee will know the total price up front and how much will be deducted from each paycheck over a 12-month period. Orders are sent to the employee’s home and payments are deducted from his/her paycheck and remitted back to Purchasing Power.

Companies with 1,000 employees and more are eligible to offer Purchasing Power to their workforce. There are no implementation or participation fees for the employer. Purchasing Power assumes all liability associated with purchases, even for terminated employees. The employer is only responsible for managing the payroll deduction process and approving employee communications program, which requires minimal resources.

Contact: Teri Hollingsworth
(213) 538-0763, thollingsworth@hasc.org