1. Executive Summary of Significant Event for week ending
October 14th, 2016.
WeeklyEXSUM@gmail.com
Twitter: @WeeklyEXSUM
Significant news of business owner and decision-maker interest for the week is the PTO Exchange1
Company’s SaaS 2 service intended to cut down on unused company leave and vacation days by allowing
employees to sell time back to their employer – in exchange for cash, 401(k) credits or discounted airfare
and hotel reservations.
Background Summary: According to the Bureau of Labor Statistics, paid leave is the most common
benefit in the private sector; however, 429 million days go unused every year, amounting to $84 billion
in lost earnings.3 PTO Exchange offers an SaaS whereby employees may trade unused leave days into
tangible goods and services
such as company buybacks,
charitable donations, 401(k)
augmentations, or
discounts through the well-
known www.priceline.com
travel service.
Analysis: The PTO
Exchange Company’s SaaS is
a win/win for both
employees and employers.
Employees may not use
leave days for many
reasons, as a result, many
leave days remain unused
on employer financial
ledgers - adding to balance
sheet liabilities. PTO Exchange intends to solve this problem by offering flexibility to their company
benefit programs. The benefits to employers are both tangible (financial ledgers) and intangible
(employee satisfaction, improved benefits package, etc.).
Recommendation: As this concept has been reported by Bloomberg, Money, Traveler, AOL, Priceline
and others – there appears no reason why this SaaS will not gain momentum and popularity in the near
to mid future. Business owners and decision makers may consider how this will affect their ledgers,
employee satisfaction, future-hire abilities – and act accordingly.
1 https://www.ptoexchange.com/
2 Software as a Service, software licensing and delivery model - where software is licensed on a subscription basis.
https://en.wikipedia.org/wiki/Software_as_a_service
3 http://www.bls.gov/opub/btn/volume-2/paid-leave-in-private-industry-over-the-past-20-years.htm
http://www.bls.gov/opub/btn/volume-2/paid-leave-in-private-industry-over-the-past-
20-years.htm