HRchat Podcast Transforming Paid Time Off with Rob Whalen, BNFT
Every year, millions of vacation days are rendered worthless to the employees who earned them.
As employees accrue vacation time, the value of that time sits as a liability on a balance sheet and that number can drastically increase over time.
While the first option for employees should be to use all their paid time off, the next best solution is to gain value from a benefit that would otherwise expire.
Joining Bill Banham on the show this time is Rob Whalen, CEO & Co-founder at BNFT (formerly PTO Exchange), the first benefits platform that allows employees to self-direct the value of their unused paid time off (PTO) for other needs and causes.
About Rob Whalen
Rob is a serial entrepreneur who has over 25 years of experience selling and developing software and hardware products.
While building the company, Rob and his co-founder, Todd Lucas, found their mission was to enable flexibility in those benefits that employees earned but could not utilize. They also discovered that by enabling this capability and accountability, BNFT created equity and inclusion for workers to be compensated for their accrued productivity - creating a better benefit.
About BNFT (PTO Exchange)
BNFT is a comprehensive benefits platform for employees to unlock the full flexibility and value of their total rewards while providing HR teams with a low-cost and easy-to-use tool. PTO Exchange and LPA Exchange are powered by BNFT, which brings innovative solutions via one platform. Companies will have the flexibility to design cost-effective benefits while also empowering their employees to choose the benefits that support them through their transitions. BNFT is SOC 2-certified and trusted by Fairway Mortgage, Howard Brown Health, Agile Defense, UCare, Praxis Engineering, STRATACACHE, and others.
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