Sorbet

Advance the cash value of your unused PTO and unlock extra compensation.

by Sorbet · Compensation & Benefits

Executive Summary

Sorbet is a fintech solution that empowers employees to access the cash value of their unused Paid Time Off (PTO) as it accrues, rather than waiting until their employment ends. This innovative benefit provides immediate financial flexibility, allowing employees to unlock up to $3,000 of their accrued PTO. It serves as a valuable source of additional compensation, helping individuals meet financial needs without impacting their regular paychecks or drawing from savings like 401ks. For employers, Sorbet offers a zero-cost voluntary benefit designed to enhance employee financial wellness, improve retention, and boost productivity by providing better access to existing benefits. The system is designed for ease of use, with repayment seamlessly integrated into each paycheck, ensuring a simple and stress-free process for employees. By addressing the significant financial asset represented by unused PTO, Sorbet aims to contribute to a more secure financial future for employees. The platform also helps companies manage and potentially reduce their PTO accrual liabilities by enabling employees to utilize this benefit. Sorbet leverages technology, including AI and behavioral science, to offer tailored PTO solutions.

Use Cases

  • Employees unlocking the cash value of their unused PTO for immediate financial needs.
  • Accessing additional compensation without impacting regular paychecks or personal savings.
  • Employers offering a zero-cost voluntary benefit to enhance employee financial wellness and improve retention.
  • Companies managing and reducing PTO accrual liabilities on their balance sheets.

Features

Visibility

  • PTO Cash Value Calculator: Calculate the estimated cash value of your unused PTO in seconds without guesswork.
  • Payment History Monitoring: Users can monitor their payment history within their Sorbet account.

Intelligence

  • AI-Powered Time Off Plans: Sorbet applies AI and behavioral science to craft customized Time Off Plans for employees.
  • Accurate Data Models: The platform aims to build accurate data models that offer tailored PTO solutions for all employees.

Support

  • Email Support: Customers can contact Sorbet support via email at support@getsorbet.com.
  • Phone Support: Customers can call Sorbet directly at +1 (424) 383-5610.

Technical Specifications

Deployment
SaaS
Authentication
MFA
API Available
No

AI/ML Stack

  • AI
  • Behavioral Science

Security & Compliance

Certifications: SOC 2

Encryption: Sorbet utilizes encryption software to meet system requirements for accessing electronic communications, implying data in transit and at rest are protected.

Pricing

Model
For employers, it's a zero-cost voluntary benefit. For employees, it's a PTO cash advance loan with an Annual Percentage Rate (APR).
Starting Price
Contact sales
Target Customer
Employees,Employers
Contract Type
Loan agreement (for employees), Voluntary benefit agreement (for employers)
Free Trial
Yes