Contact Information: Contact: Rachel Friedman Rachel@newsandexperts.com
Recession Drives Interest in Employee Purchase Programs
Employers Look to Innovative Discount Programs to Help Employees Weather the Storm
| Source: Next Jump
NEW YORK, NY--(Marketwire - October 22, 2009) - As budgets get cut, raises get frozen and
layoffs dot the landscape, employers hoping to boost morale and staff
retention are looking to innovate ways of helping their employees,
according to a recently released study.
The 2009 Guide to Bold New Ideas for Making Work Work, just published by
the Families and Work Institute (FWI), reveals new trends that show
employers are finding new ways of putting their employees first that are
still compatible with austerity programs being imposed by budget cutters.
According to the study, some of the approaches being offered include
programs on how to manage job stress and overwork, welcome a new baby, or
cope when a spouse loses a job.
"What is key (and perhaps surprising) is that these strategies help these
companies achieve business results and respond to fluctuations in the
economy," the study said. "They help companies create effective and
flexible workplaces, where work 'works' for both the employer and
employees."
One key program that is experiencing an upward trend is the use of employee
purchase programs.
"Employers that are strapped for cash can't offer raises or bonuses, so
their challenge is to find a way to increase their employees' quality of
life without decreasing their cash reserves," said Charlie Kim, CEO of Next
Jump, Inc., a leading provider of employee purchase programs, servicing
more than 84% of Fortune 100, and nearly 60% of Fortune 500 companies,
covering more than 25 million employees. "Employee purchase programs afford
employers an inexpensive way of effectively putting money in their
employees' pockets by making huge discounts on consumer products and
services available to them as a byproduct of their employment with the
company. It's tantamount to getting a raise every time they shop."
Next Jump's program (http://www.corporateperks.com) is delivered as a
massive online store that offers employee-only pricing at more than 28,000
different retailers and manufacturers.
About Charlie Kim
Charlie Kim is the Founder & CEO of Next Jump, Inc. (NxJ), the premier
provider of internet-based corporate employee purchasing programs and
customer rewards and loyalty programs worldwide. Established in 1994 and
privately held, Next Jump utilizes its proprietary technology platform and
data advantage to provide dynamic and relevant merchant-funded rewards
programs, bringing together thousands of merchants and millions of
consumers.