Employees.
Set your business apart in the job market by offering a benefit that serves every employee, regardless of their background, seniority in the company, or generational needs. Rather than rushing to a trendy new benefit that only serves a sliver of your workforce, give each individual the power to contribute to the causes and personal needs that matter most to them.
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Promote benefits equality and inclusivity: While new benefits programs – like parental leave or college loan assistance – serve just causes, they typically only add value to a segment of the workforce. The PTO Exchange platform gives individuals of every background and generation value, with programs that resonate with a diverse set of needs.
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Turn culture into an advantage: Your employees are happier and more productive when they are at peace in their personal lives. Give them a benefit that makes it easy for them to self-direct that paid time off as they see fit, so they can better contribute to your success and your culture.
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Boost the perception of your business: Companies that serve just causes and offer innovative, employee-centric benefits are viewed favorably by the public and have an easier time attracting new talent. Boost the perception of your brand by empowering employees to serve the community, support peers, and meet their own personal needs.
Human Resources.
Set the pace for your industry and boost the perception of your business with an innovative benefits platform. Implementing PTO Exchange gives you an innovative, turn-key benefit that is straightforward to roll out and manage. This means you can attract the most talented workers, without interfering with your ability to focus on your core tasks.
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Attract and retain top talent: For new hires, negotiating paid time off is the top priority after salary. Furthermore, 66% of all employees and 80% of millennials find paid time off valuable or very valuable (2019 Health and Financial Wellbeing Mindset study). Make your business a more attractive place to work by differentiating your paid time off plan from competitors.
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Ensure employees use their benefits: According to the US Travel Association, 52% of American employees left vacation time on the table in 2017. Ensure your workforce is getting the most out of their benefits programs, by converting these unused hours into the value they need.
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Eliminate complex, niche benefits: Because the PTO Exchange programs will continue to evolve to meet the public’s most pressing needs, you can trust that this benefit will continue to serve 100% of your workforce. This means you won’t have to evaluate, roll-out, or manage niche benefits down the road.
Finance.
PTO Exchange enables you to remove the liability of paid time off, convert it to a flexible financial tool, and provide unprecedented benefits flexibility, all while remaining cost-neutral. With this platform, you can quickly respond to changes in the job market and employee demand, allowing you to more easily attract and retain talent. Removing the paid time off liability - combined with savings in recruiting and hiring, and increased productivity from more satisfied employees - makes PTO Exchange a tangible benefit for your employees and the bottom line.
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Boost employee productivity: When your employees spend their paid time off hours on PTO Exchange, they are committing more time to be in your office. Having a greater level of production from a smaller group of people relieves the burden and cost of filling empty positions.
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Optimize benefits spend: PTO Exchange gives employees alternative ways to derive value from paid time off, helping you optimize benefits spend to match user demand. Pinpoint ways to remove wasted dollars from your benefits offerings and invest them in under-delivered areas or new features.
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Maximize your PTO ROI: When you offer paid time off to your workforce, you’re making an investment to attract and retain the best contributors. Maximize the return on this investment by allowing employees to personalize the value they receive from paid time off.