Description

We believe that reconstructing Paid Time Off will craft healthier businesses.Each year, employees use on average only 72% of their Paid Time Off, resulting in $272B in annual carry over liabilities for their companies (an average of $2,226 annual liability per employee).Instead of being forced to pay out unpredictable accrued vacation balances whenever an employee leaves the company, Sorbet provides organizations with the agency to control their finances. Sorbet technology offers insightful accrual predictions, loan refinance flexibility, funding, and infrastructure to reduce PTO liabilities, save costs, predict cash flows, and maximize tax benefits, all while offering employees a cash out benefit.