Can I turn my PTO into cash? Sometimes, but that doesn’t mean you should skip vacations
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Services like PTO Exchange gained steam during the pandemic, but some worry they could discourage valuable time off in an age of burnout.
When Matt Cadwell joined the human resources department at digital sign company Stratacache in 2017, he realized there was a problem. Thanks to a generous leave policy, employees had racked up hours of paid time off (PTO) they hadn’t used. When they left, Stratacache had to write large checks.