Organizations need to get creative with their financial wellness strategies, and that may mean looking for compensation opportunities in unexpected places — like their paid time off policies.
Sixty-two percent of employees’ PTO goes unused annually, according to PTO fintech platform Sorbet, accounting for more than $300 million in lost wages. And while employees can typically cash out that money at the end of their tenure with a company, a new payroll feature from Sorbet is making it possible for employees to access that money early and use it on demand, without having to leave their job.
