>It does this by buying out PTO liabilities from employees and loading the cash value of the PTO on prepaid Credit Cards. It then refinances these liabilities for employers, hence the forecasting advantage.
I have to admit it's pretty ingenious. My company ran their own version of this. The catch is you never get a 1:1 value for your PTO. At one time my company offered either a $500 prepaid debit card or a $100 Amazon gift card, among other things. They spend around your PTO value for cheaper items. If you opt out you automatically receive an email telling you to schedule all your PTO within 30 days.
>>It does this by buying out PTO liabilities from employees and loading the cash value of the PTO on prepaid Credit Cards. It then refinances these liabilities for employers, hence the forecasting advantage.
I have to admit it's pretty ingenious. My company ran their own version of this. The catch is you never get a 1:1 value for your PTO. At one time my company offered either a $500 prepaid debit card or a $100 Amazon gift card, among other things. They spend around your PTO value for cheaper items. If you opt out you automatically receive an email telling you to schedule all your PTO within 30 days.
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