SEATTLE, WA - November 30, 2021 - PTO Exchange, a flexible benefits platform that allows employees to convert unused vacation into goods, services, and experiences, today is highlighting customers using its platform to give employees even more ways to donate on GivingTuesday.
Just as Black Friday kicks off the holiday shopping season, GivingTuesday is the opening day of the giving season. GivingTuesday was created in 2012 as a simple idea: a day that encourages people to do good. Now GivingTuesday is an independent nonprofit and a global movement that inspires hundreds of millions of people to give, collaborate, and celebrate generosity.
PTO Exchange allows employees to use some of their unused vacation to support colleagues in times of need, as well as over 1.7 million nonprofit organizations in the US.
--Janice Appleby, Chief Human Resource Officer, Vizo Financial
Vizo Financial joins Action Benefits, InformedDNA, Pandion Optimization Alliance, STRATACACHE / Scala, Sound Discipline and others using PTO Exchange to facilitate charitable donations and a greater potential for giving.
--Andrea John-Smith, Executive Director, Sound Discipline
--Matt Cadwell, VP, Human Resources, STRATACACHE / Scala
-- John Coyle, Vice President at Pandion Optimization Alliance
-- Stacy Duff, HR Manager, Action Benefits
In just a few years, PTO Exchange has managed nearly $1MM in donations to over 900 local and national nonprofits. The platform gives employees who may not have disposable income a new mechanism to support charities they care about.
"The impact of GivingTuesday goes well beyond charitable donations, inspiring giving in all its forms," said Rob Whalen, CEO, PTO Exchange. "From coast to coast, people are embracing this day as an opportunity to raise money for local nonprofits, run food and clothing drives, give blood, encourage kindness, help a neighbor and celebrate generosity. We are proud to support this and enable a higher level of giving potential."
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. With PTO Exchange, employers can provide access to some of this value to greatly enhance the giving potential of employees.
PTO Exchange is a highly differentiating 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 stand out in a tight job market, reduce balance sheet liabilities and strengthen the community all while employees reclaim lost PTO. PTO Exchange is SOC 2-certified and trusted by STRATACACHE, 4 Wall Entertainment, General Atomics, SH Hotels and others. Learn more at www.ptoexchange.com.
Gregg Makuch ("may-kish")
gregg (at) ptoexchange.com