SOURCE: Next Jump

Next Jump

October 22, 2009 12:46 ET

Recession Drives Interest in Employee Purchase Programs

Employers Look to Innovative Discount Programs to Help Employees Weather the Storm

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.

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