Thanks to our partnership with clients like you, Purchasing Power has grown in 15 years from a company offering employees the ability to purchase computers through payroll deduction to become an industry-leading voluntary benefit.
Today, our employee purchase program has 45,000 products and services in its catalog and is available to 7.8 million American workers. In fact, our record growth has ranked us for the last eight consecutive years in the Inc. 5000 Fastest Growing Private Companies in America.
“Purchasing Power delivers an employee benefit that is valuable for both employees and employers,” said Richard Carrano, Purchasing Power President and CEO. “Employees are empowered with a better way to buy products and services they need or want, and because they can, employees are less financially-stressed and more productive at work, which benefits the employer’s bottom line,” he added.
We’re proud to have pioneered the concept of an employee purchase program, providing workers the ability to obtain products and services regardless of credit history through a disciplined budget plan. Through the years we’ve expanded beyond our early offerings of computers and electronics to include a full range of products and services that enhance employees’ lifestyles, including furniture, appliances, baby and kids gear, online educational services, automotive services and vacation packages. And in the past few years we enhanced the program by adding financial tools and resources to improve employees’ financial wellness.
Thanks again for your role in our phenomenal growth. We couldn’t be prouder!