Tech Brief: PTO Exchange
PTO Exchange is a benefits platform that allows employees to apply the value of their unused paid time off (PTO) to a range of priorities, like contributing to a 401(k) or other retirement account, paying down student loans, covering an emergency expense, donating to a favorite charity, leave sharing with co-workers, funding vacation costs, and more. The PTO Exchange provides employers with a unique benefit that enhances talent attraction and retention, reduces balance sheet liability, strengthens the community and helps employees reclaim their lost PTO.
Our data show that flexibility is a key factor in how employees choose employers, and this is a new option for flexibility that many workers have never even considered.
Check out our Tech Brief for full insights on PTO Exchange
Ben Eubanks is the Chief Research Officer at Lighthouse Research & Advisory. He is an author, speaker, and researcher with a passion for telling stories and making complex topics easy to understand.