Employees of Progressive Health Organization Can Now Convert Unused Vacation Into Health, Financial Wellness and Other Benefits
CHICAGO, IL - December 17, 2020 - Howard Brown Health, a healthcare organization supporting the LGBTQ community, today announced it has selected PTO Exchange to extend existing benefits and further support the diversity of their employees. PTO Exchange is the world’s only comprehensive flexible benefits platform that turns unused paid time off (PTO) into liquid assets that can be converted into other things employees value – retirement accounts, student loan payments, donations, leave-sharing, charitable causes and more.
Howard Brown Health joins existing customers including Premera Blue Cross, General Atomics, Griffin Capital, InformedDNA, GM Nameplate and Slalom Consulting among others that now represent over 75,000 employees on the PTO Exchange platform.
Howard Brown Health plans to roll out PTO Exchange to all of its employees across all 11 of its Chicago locations.
“We are always looking for new ways to support our team members, who are literally on the front lines of the COVID19 crisis serving our community. The ability to tap into unused PTO creates meaningful benefits for employees and also helps differentiate us as we recruit for top talent."
--Paul Rauseo, VP of Human Resources, Howard Brown Health
Howard Brown Health employees can now exchange the monetary value of their unused vacation for:
Retirement savings - including 401(k) and Roth 401(k) plans
Student loans - tuition and loan payment reimbursement
Emergency Cash-Out - help pay for unexpected bills
Travel - exchange for airfare, hotels and other travel
Leave-sharing - donate PTO to fellow employees who may need it
Donations - contribute to over 1.2 million charitable organizations in the U.S.
"We’re thrilled to have Howard Brown Health join our customer community," said Rob Whalen, CEO, PTO Exchange. "Especially now, employees need the support of employers more than ever. PTO Exchange gives them the flexibility to convert some of their unused vacation into other priorities and reduce stress."
There were an estimated 768 million days of unused PTO time and approximately $65 billion in total benefit value forfeited by employees in 2018, according to research outfit Project Time Off
About Howard Brown Health
Howard Brown Health exists to eliminate the disparities in healthcare experienced by lesbian, gay, bisexual and transgender people through research, education and the provision of services that promote health and wellness. Howard Brown is the largest LGBTQ organization in the Midwest, providing primary and specialty healthcare, social services, and infectious disease screenings to more than 35,000 people each year. Howard Brown has 11 clinic locations and launched telephone and video options for patients to access care via telehealth. Learn more.
About PTO Exchange
PTO Exchange is a benefits platform that turns unused paid time off (PTO) hours into retirement accounts, student loan repayment, travel awards, charitable causes and more. PTO Exchange helps companies attract & retain talent, reduce balance sheet liabilities and strengthen community all while employees reclaim lost PTO. PTO Exchange is SOC 2-certified and trusted by Premera Blue Cross, General Atomics, SH Hotels and others.
Gregg Makuch ("may-kish")
gregg (at) ptoexchange.com