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What is Sorbet?

Boost the financial health of your workforce by reducing PTO liabilities while enhancing your organization's cash flow. Sorbet’s groundbreaking PTO cash-out option allows employees to transform their unused PTO into cash instantly, relieving financial pressure on employers. This system ensures that your team can access their earned wages precisely when necessary, all without disrupting their regular paychecks. Importantly, integrating Sorbet into your operations incurs no costs for your business; instead, it provides a pathway to savings. If employees choose not to cash out, your organization pays nothing, yet when they do, your financial benefits increase! Additionally, you can track the projected value of your PTO liabilities over time, offering crucial insights into your company’s financial wellness and overall health. By granting employees the flexibility to determine how to use their PTO, you play a significant role in their financial security. Supporting your staff in managing their finances and improving their quality of life can foster a more engaged and motivated workforce. Ultimately, this strategy not only cultivates a positive workplace culture but also underscores the organization’s dedication to the financial well-being of its employees, which is essential for long-term success.

What is PTO Exchange?

PTO Exchange is a groundbreaking benefits platform that enables employees to transform their accumulated vacation hours into cash assets, which they can utilize for personal expenses or to support causes that resonate with them. This distinctive service provides organizations with a significant edge by addressing the varied needs of their workforce. The platform integrates smoothly with current systems, allowing employees to take control of their financial health. Unused PTO can be redirected towards critical expenses like Retirement Accounts, Student Loans, and Healthcare Costs including HSAs. Just imagine trading in some of your unspent PTO to finance your upcoming holiday—it's now possible. Moreover, employees have the option to contribute to over a million certified non-profit organizations, champion meaningful initiatives, or aid colleagues who may require assistance. This strategic model not only alleviates PTO balance sheet obligations but also bolsters talent acquisition and retention efforts. Essentially, it establishes a beneficial scenario for both HR and Finance departments, who will appreciate the advantages of enhanced PTO policies while concurrently reducing corporate liabilities. In addition, this initiative cultivates a more engaged and satisfied workforce, ultimately propelling organizational success while promoting a culture of generosity and support. By encouraging employees to be proactive with their benefits, companies can foster a more dynamic and motivated work environment.

Media

Media

Integrations Supported

ADP Enterprise HR
BambooHR
Deloitte Compliance Suite
Workday Extend

Integrations Supported

ADP Workforce Now
Auth0
Okta
Paylocity
SAP Cloud Platform
Workday HCM

API Availability

Has API

API Availability

Pricing Information

Pricing not provided

Pricing Information

$1 per employee per month
Our flat monthly rate is based on a per-employee-per-month model

Supported Platforms

SaaS
iPhone
iPad
Mac

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

24 Hour Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Shift Time

Company Location

United States

Company Website

www.getsorbet.com

Company Facts

Organization Name

PTO Exchange

Date Founded

2014

Company Location

United States

Company Website

www.ptoexchange.com

Categories and Features

Financial Management

Not specified

Financial Services

Not specified

Leave Management

Approval Process Control
Calendar Management
Self Service Portal

PTO Tracking

Not specified

Categories and Features

Benefits Administration

Deduction Management
Online Benefits Enrollment

Compensation Management

Employee Reward Programs

Financial Wellness

Not specified

Leave Management

Approval Process Control
Leave Policy Management
Self Service Portal

PTO Tracking

Not specified

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