The Eagle Blog

Eagle's Economic Stimulus Package

Governments around the world are doing it!

It sounds like a funky thing to do … a “stimulus package”!

I thought that Eagle should do something to try and help.

What did we do?

We have implemented an employee computer purchase program that provides our staff with an interest free loan of up to $1,500 to buy a computer! They will pay us back through payroll deduction over 24 pay periods (one year).

The response has been very positive … I know that quite a high percentage of our people are considering taking advantage of the program.

It has created a pretty good buzz.

If every company did something like this then there would be a pretty good flow of cash into the economy. Loans are tougher to get right now and the economy is being hurt because people are not spending … this might just make a small difference.

Its a nice perk for our employees at a time when we are asking them to work just a little harder in a soft economy … a little give, a little take keeps the emotional bank balance straight!

So my challenge goes out to ALL business owners. What creative things can YOU do to help get the economy going again?


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8 thoughts on “Eagle's Economic Stimulus Package

  1. Hi Kevin –

    Do you have anything in Canada like the bike-to-work scheme? Here in the UK some employers do a scheme in which basically works by the employer buying a thing (a bike, a computer, a yearly tranport pass) for an employee, then deducting the cost over X years before tax. This is a way of the government giving tax breaks for stuff they want to happen (cycling, green transit) and the employers helping out their employees. Pretty much win-win I think. Dunno if you’ve anything like that over the pond…

    H.

  2. Hi Kevin –

    Do you have anything in Canada like the bike-to-work scheme? Here in the UK some employers do a scheme in which basically works by the employer buying a thing (a bike, a computer, a yearly tranport pass) for an employee, then deducting the cost over X years before tax. This is a way of the government giving tax breaks for stuff they want to happen (cycling, green transit) and the employers helping out their employees. Pretty much win-win I think. Dunno if you’ve anything like that over the pond…

    H.

  3. Speaking for someone who works at Eagle — this is garbage and every other employee i spoke to agreed (at least a dozen or so.)sorry, but that’s the truth.

  4. Speaking for someone who works at Eagle — this is garbage and every other employee i spoke to agreed (at least a dozen or so.)sorry, but that’s the truth.

  5. You say that you are speaking “for someone who works at Eagle” and you call the program “garbage” … wow!

    I would like to think that the team at Eagle are well capable of speaking for themselves. I also believe that the Eagle team is a “glass half-full”, make-things-happen group of people who would never make a comment like this. The reaction to the program, both in equipment bought already and in the “buzz” in various quarters as people shop for their purchases would suggest you are wrong.

    Let’s try to understand why the program might be “garbage” … its an interest free, hassle-free, loan to buy technology at a time when credit is hard to get. I think that is a pretty good deal. I can understand that if people don’t need to buy, or upgrade, their techology then they just won’t use the program … that’s just common sense. Those that have used it have been very appreciative. The people I have talked to who are shopping are enjoying both the unexpected shopping opportunity AND the fact that they will now be able to afford something they would not have otherwise bought.

    I am always open to suggestions for improvement … but don’t have much patience with pure negativity.

  6. You say that you are speaking “for someone who works at Eagle” and you call the program “garbage” … wow!

    I would like to think that the team at Eagle are well capable of speaking for themselves. I also believe that the Eagle team is a “glass half-full”, make-things-happen group of people who would never make a comment like this. The reaction to the program, both in equipment bought already and in the “buzz” in various quarters as people shop for their purchases would suggest you are wrong.

    Let’s try to understand why the program might be “garbage” … its an interest free, hassle-free, loan to buy technology at a time when credit is hard to get. I think that is a pretty good deal. I can understand that if people don’t need to buy, or upgrade, their techology then they just won’t use the program … that’s just common sense. Those that have used it have been very appreciative. The people I have talked to who are shopping are enjoying both the unexpected shopping opportunity AND the fact that they will now be able to afford something they would not have otherwise bought.

    I am always open to suggestions for improvement … but don’t have much patience with pure negativity.

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