Improve Employee Morale and Reduce Balance Sheet Liability with PTO Exchange
Prior to the pandemic, employees had a tough time spending their hard-earned time off. For 2018 (the latest year data is available), more than half (55%) of American workers reported not using all their days off - totaling 768 million unused vacation days for that year, up +9% vs. 2017, according to a survey commissioned by the US Travel Association [1].
In 2020, these trends were significantly accelerated due to COVID-19, and many employers have been struggling with high PTO balances as employees forego vacation or let their vacation days expire. Listen to our interview with Josh to learn how employees can unlock the value of unused PTO and make contributions towards meaningful benefits, such as retirement accounts, student loan repayment, travel, charitable causes, and more.
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