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America Back to Work: Rob Whalen, PTO Exchange
Revolutionizing Paid Time Off
In this episode of America Back to Work, hosted by Arnette Heintze, we dive deep into employee benefits with a specific focus on PTO.
Our guest, Rob Whalen, CEO of PTO Exchange, discusses the innovative ways companies can enhance employee satisfaction and retention through flexible PTO policies.
What You’ll Learn
- Introduction to PTO Exchange: Rob Whalen shares his journey from accounting to technology and how a personal experience led to the creation of PTO Exchange. This platform allows employees to unlock the full value of unused PTO.
- Debunking PTO Myths: Explore common misconceptions about PTO, including how it is accrued, its impact on company balance sheets, and its real value to employees.
- Convertible Benefits: Discover how convertible benefits can help reduce company costs and minimize turnover by allowing employees to tailor benefits to meet their specific needs, enhancing their engagement and loyalty.
- The Pitfalls of Unlimited PTO: This paper critically examines the trend towards unlimited PTO policies and discusses potential inequities and managerial challenges that may arise.
- The Role of Money in Competing for Talent: This section discusses how flexible and well-structured PTO policies can be a crucial factor in attracting top talent without solely relying on salary increments.
Key Quotes
- On the genesis of PTO Exchange: “It was about what we could have done with that money while we were at the company and what that would have done for the employee experience.”
- On convertible benefits: “When you’re able to do this, especially in today’s multi-generational workforce, there becomes a lot of need for dollars to be convertible in a way that our employees can self-direct the value to meet their needs.”
Rob Whalen emphasizes the importance of understanding and innovating employee benefits to support a diverse and evolving workforce. His insights provide valuable strategies for HR professionals looking to enhance their company’s culture and employee satisfaction through more effective PTO policies.
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S2Verify is one of the leading, privately held, pre-employment background screening companies in the United States.
Arnette Heintze is co-founder and chief strategy officer at S2Verify. Before establishing S2Verify, Arnette spent more than three decades working at the highest levels of federal, state, and local law enforcement.
He served more than 20 years in the United States Secret Service as a special agent and senior executive where he planned, designed, and implemented security strategies to protect U.S. Presidents, world leaders, events of national significance, and our nation’s most sensitive assets, including financial infrastructure.
After retiring from the Secret Service, Arnette focused on building the growth and performance of innovative start-ups and SMBs. In 2004, he established Hillard Heintze, a globally recognized strategic security risk management and investigations firm.
In 2009, along with Bill Whitford and Jim Zimbardi, Arnette established S2 Verify with an approach and methodology that delivers fast, accurate, compliant, and affordable background screening insights crucial to better managing insider risks, threats, and vulnerabilities.