Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Brit Morse

Companies are letting employees exchange PTO for cash, retirement savings or even student loan payments

An illustration of two hands trading money for time. (Credit: Getty Images/Vector Illustration)

Good morning!

In an effort to retain employees, companies are getting creative when it comes to how employees take advantage of their paid time off (PTO). Instead of unused days getting rolled over or expiring, organizations are setting up programs that convert them into other funds for employees to use. That includes exchanging them for cash, charitable donations, or contributions to student loan payments, 401(k)s, or healthcare spending accounts (HSAs).

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.