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We're a group of passionate creators coming together to help employees enjoy a more secure financial future by unlocking the cash value of their unused PTO.
As Americans face the challenges of raising prices and a looming financial crisis – A hidden, often unaccounted for financial asset, held by most Americans can prove to be the answer.
With no real innovation in decades, Paid Time Off has become an unutilized and underappreciated benefit with nearly two-thirds (62%) of Americans not using all of their Paid Time Off (PTO). But while we often track this benefit in terms of hours and days intended to be taken in a future vacation, when employees leave their employer, most will be paid for the cash value of their unused time, the value of which is estimated to be north of $312 billion in the US alone.
Sorbet is a fintech solution that allows employees to unlock the cash value of their unused paid time off (PTO) as they accrue it, instead of waiting until they leave their company. With Sorbet, employees can access additional compensation without dipping into their paychecks or borrowing against their savings (401k).