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 WhalenRob 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.We do our best to ensure editorial objectivity. The views and ideas shared by our guests and sponsors are entirely independent of The HR Gazette, HRchat Podcast and Iceni Media Inc.Support the showFeature Your Brand on the HRchat PodcastThe HRchat show has had 100,000s of downloads and is frequently listed as one of the most popular global podcasts for HR pros, Talent execs and leaders. It is ranked in the top ten in the world based on traffic, social media followers, domain authority & freshness. The podcast is also ranked as the Best Canadian HR Podcast by FeedSpot and one of the top 10% most popular shows by Listen Score. Want to share the story of how your business is helping to shape the world of work? We offer sponsored episodes, audio adverts, email campaigns, and a host of other options. Check out packages here.Follow us on LinkedInSubscribe to our newsletterCheck out our in-person events