Sorbet

Sorbet is a financial wellness solution designed to provide employees with immediate access to the cash value of their unused Paid Time Off (PTO). By addressing the issue of unused PTO, which accounts for 55% of all PTO annually, Sorbet offers a seamless application process that requires no credit checks and allows for fast funding directly to the employee's bank account. This feature not only helps employees manage financial stress but also improves overall job satisfaction and retention.

How Sorbet Works

Employees can quickly calculate the value of their accrued PTO and submit an application for a cash advance. This process is straightforward and can be completed within minutes. Once approved, funds are typically available within a few business days. Employees repay the advance either from their PTO payout upon termination or within a two-year period, while paying a small monthly interest fee.

Benefits for Employers

Employers can offer Sorbet as a voluntary benefit to their employees at no upfront cost. This program does not incur any integration fees, making it an attractive option for companies looking to enhance employee satisfaction and financial wellness without additional financial burden. By providing these benefits, employers can foster a more productive workplace and reduce PTO liabilities.

Key Features:

• Cash Advance on Unused PTO: Employees can access the cash value of their unused PTO without lengthy approval processes.
• No Credit Checks: The application process does not require credit checks, ensuring accessibility for all employees.
• Fast Funding: Funds are deposited directly into the employee's bank account, typically within a few business days.
• Cost-free for Employers: Employers can introduce this benefit without incurring additional costs, enhancing employee satisfaction while maintaining budget control.
• Flexible Repayment Options: Employees repay the advance from their PTO payout or within a two-year window, minimizing financial strain.

Conclusion

Sorbet stands out as a practical solution for both employees seeking financial flexibility and employers aiming to improve workplace satisfaction. By facilitating access to unused PTO, Sorbet not only helps individuals manage their finances better but also supports businesses in enhancing employee retention and productivity.