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.
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.