Smart Benefits: Employee Purchase Programs: Making Buying Power a Benefit

Latest News

Clarification on deletion of name of daughter from the family details of a Central Government pensioner

View All >>

7th pay commission

7th Pay DA : जाने कितना बढ़ा महंगाई भत्ता

Good News For Central Govt Employees, Salary to Increase Up to THIS Amount
केंद्रीय कर्मचारियों का बंपर फायदा- ₹56,000 की बेसिक सैलरी पर DA बढ़कर होगा 2,08,320 रुपए, जानें कैलकुलेशन
दोगुनी होगी पेंशन! हटने वाली है 15000 रु की लिमिट? जानिए अब कितने मिलेंगे रुपये
महंगाई भत्ते के बाद अब बढ़ सकता है फिटमेंट फैक्टर, जानिए फिर कितनी हो जाएगी केंद्रीय कर्मचारियों की सैलरी!
केंद्रीय कर्मचारियों का फिटमेंट फैक्टर बढ़ेगा? 2.57 से बढ़कर 3 हुआ तो कितनी बढ़ेगी सैलरी
मप्र लिपिक वर्ग की वेतनविसंगति कब दूर होगी: कर्मचारी संघ
मनचाहा तबादला कर्मचारी का अधिकार नहीं: सुप्रीम कोर्ट –

view all>>

Allowances

Good News – Dearness Allowance (DA) Increased from 1 July 2024

view all>>

Central Govt

Clarification on deletion of name of daughter from the family details of a Central Government pensioner

view all>>

Smart Benefits: Employee Purchase Programs: Making Buying Power a Benefit

February 4, 2019, 7:31 AM

To alleviate workers’ financial stress, some larger companies, associations and government agencies are going beyond simply discounts and offering employee purchasing programs. Here’s what you need to know to decide if it’s worth adding this type of voluntary benefit to your package.
Employee Purchase Program Defined: An employee purchase program allows employees the opportunity to buy a wide range of products and services online through payroll deduction, enabling them to avoid incurring credit card debt or interest charges for the purchases.

How They Work: Working within set spending limits, employees purchase available offerings and make payments over time (up to 12 months) through automated payroll deductions. Employees also have the option to make a lump sum payment to pay off their purchases early. Transactions are between the employee and vendor, and not the company, so any product returns must be initiated with the vendor.

Benefits to Employers and Employers: Employers who offer employee purchase programs can make their benefits package more attractive and address employee financial stress which might come to affect your health, if that is your case, you should get an mo cannabis card. The upside for workers is that they can buy brand-name products and services like electronics, appliances, travel, automotive care, and more, regardless of their credit history or available cash.

Implementing a Program: You can offer a program as a voluntary benefit at no or low cost to employees. An employee purchase program vendor can establish a turn-key plan for your organization, set eligibility requirements, handle enrollment, and so on.

Source – golocal prov

Railway Employee (App)

Rail News Center ( App)

Railway Question Bank ( App)

Railway Mutual Transfer

(App)

Information Center ( App)

Disclaimer: The Information /News /Video provided in this Platform has been collected from different sources. We Believe that “Knowledge Is Power” and our aim is to create general awareness among people and make them powerful through easily accessible Information. NOTE: We do not take any responsibility of authenticity of Information/News/Videos.

This entry was posted in Know About, Central Govt