As a member of IMS Barter, you can sidestep the usual sizable cash investment when creating the benefits package because you have an option—barter. Consult with your broker and do a little brainstorming as to the numerous creative opportunities available to you through the exchange for packaging an employee benefits program.
Benefits Program: Holiday bonuses, dental plans, legal services—all but a few of the employees' benefits can be offered in trade dollars. Reward your employees around the holidays for a job well done by a gift of trade dollars. Set up a dental program for your employees and their families, and pay for it with trade units. Give employees legal service coverage through prepaid legal ser vices premiums acquired with trade dollars.
Participation Program: You can give your employees discounts on all purchases. You pay the trade dollars and collect the discounted cash amount from employees.
Incentive Program: As an incentive to increase productivity, trade units or goods or services purchased with trade dollars can be offered to employees as a reward.
Combination Program: Combine all three programs to obtain a maximum incentive program for your staff and the extra bonus to you of improved production.
Contest Prizes: Using your trade dollars, purchase prizes or other appealing items with savings to you for use in such competitions as Best Sales, Cost-Containment Ideas, or Safety Record. There are many contest promotions that can be put together using trade dollars to supply the rewards.
Holiday Giving: Thousands of dollars are often spent during the holidays by businesses to purchase gifts for customers. Using trade dollars for holiday gifts, as well as other types of gifts, will help save your cash reserves for other uses. A gift certificate will not only save you time on your purchases, but allow the individual to make a selection that is useful and appreciated. Using your trade dollars with your customers can be an effective way to let the person know you appreciate his business and the opportunity to serve his needs. You might want to use your trade dollars to buy luggage, luxury goods, gift sets, or one the many other items available for your customers.