Purchasing Power

At Purchasing Power, it’s never a bad time for a selfie! Some of the many faces visiting our booth at #SHRM24! Stop by booth no. 2540 today to have your own caricature created, grab a coffee gift card, and learn more about Purchasing Power’s employee purchase program.    #SHRM #HRLeaders 

Day two of #SHRM24 – tell us what’s been your favorite part of the conference so far? We might be biased, but we are loving our caricature and the people we’re meeting at our booth no. 2540. Stop by, say hello, and check us out!     #SHRM #HRLeaders 

We’re live at #SHRM24, ready to connect or reconnect, and talk all things financial wellness. Since 2001, we’ve been helping HR pros recruit and retain, enhance employee productivity, and complement other benefits you offer. Let’s talk about the future and how we can help pave a path forward. And did we mention we’re doing caricatures, too?  Stop by booth no. 2540 after the opening reception and say hello!      #SHRM #HRLeaders 

Visiting the Windy City next week for #SHRM24? Stop by the Purchasing Power at booth no. 2540, say hello, get your caricature done, and learn more about the difference our program has been making with HR pros since 2001. We can’t wait to meet you!   #SHRM #HRLeaders 

Our Chief Commercial Officer Assad Lazarus wrote an article for BenefitsPRO to present key insights and takeaways from the 2024 Manufacturing Financial Wellness eBook. We published results from our survey of manufacturing industry employees to learn more about their perceptions of the industry; sentiments toward their roles; and feelings about financial wellness and the role benefits play in their overall health. The ongoing labor challenge in the manufacturing industry underscores the timeliness and value of the eBook, FREE to download at https://lnkd.in/epurFMeT. https://lnkd.in/e6Qgan6g

The Wall Street Journal recently published a story about a growing trend among Gen Z students opting to enroll in vocational training programs instead of a traditional college. Rising pay, new technologies and a favorable job market are outweighing soaring costs for a college education, the burden of long-term debt and uncertain employment. Manufacturing employers seeking to fill an increasing demand for skilled labor should consider ways to attract this burgeoning workforce. One effective way to do this is by offering a robust benefits package. 87% of manufacturing employees believe benefits are just as important as salary, as revealed in our recently published 2024 MANUFACTURING FINANCIAL WELLNESS EBOOK. For free access to this and further insights from the eBook, visit https://lnkd.in/epurFMeT

We're delighted to welcome Alan Carkner as our new Regional Sales Director, Upper Central/West Territories! In this new role, he will oversee regional strategic sales efforts directed toward benefit brokers and their targeted employers looking to answer their employees' needs for greater purchasing options and increased financial flexibility. See his official announcement below: https://lnkd.in/eiUqYjaj

In 2024, creativity and personalization of employee benefits may reign supreme when it comes to attracting and retaining talent in the manufacturing industry.   Traditional, long-term financial wellness benefits may no longer be enough to overcome the macro-economic impacts of the past 5 years. Survey results and recommendations can be reviewed in Purchasing Power’s 2024 Manufacturing Financial Wellness eBook, and can be found here: https://lnkd.in/epurFMeT

The manufacturing industry is experiencing a landmark period of vibrant change. As the industry continues to embrace new technology, supply chain shifts, and new ways of doing business, we’ve discovered traditional employer-provided benefits like 401(k) and retirement savings accounts are not enough for their employees’ needs.   Employers in this highly competitive industry have a unique opportunity to increase recruitment and retention with their benefit offerings.   For direct access to more insights and key takeaways from Purchasing Power’s new 2024 Manufacturing Financial Wellness eBook, click: https://lnkd.in/epurFMeT

As U.S. manufacturing reshoring moves closer to home, there will be ripple effects such as demand for skilled labor, unfilled job openings, and industry professionals who say the stress is impacting their personal lives. Purchasing Power’s new eBook 2024 Manufacturing Financial Wellness eBook explores how workplace stress affects manufacturing employees emotionally (65%), physically (59%), mentally (57%) and financially (50%). And while 87% report benefits are as important as salary, only 22% receive voluntary benefits from their employer. Manufacturers can utilize these findings to meet employee needs and increase their competitive edge. Access the eBook: https://lnkd.in/epurFMeT