Sorbet
Financial Services, 139 Sandreed Dr, Mooresville, North Carolina, 28117, United States, 11-50 Employees
Who is SORBET
We believe that reconstructing Paid Time Off will craft healthier businesses. Each year, employees use on average only 72% of their Paid Time Off, resulting in $272B in annual carry over ...
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Headquarters: 139 Sandreed Dr, Mooresville, North Carolina, 28117, United States
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Date Founded: 2019
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Employees: 11-50
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Revenue: $5 Million to $10 Million
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Active Tech Stack: See technologies
Industry: Financial Services
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Frequently Asked Questions Regarding Sorbet
Answer: Sorbet's headquarters are located at 139 Sandreed Dr, Mooresville, North Carolina, 28117, United States
Answer: Sorbet's official website is https://getsorbet.com
Answer: Sorbet's revenue is $5 Million to $10 Million
Answer: Sorbet has 11-50 employees
Answer: Sorbet is in Financial Services
Answer: Sorbet contact info: Phone number: Website: https://getsorbet.com
Answer: We believe that reconstructing Paid Time Off will craft healthier businesses. Each year, employees use on average only 72% of their Paid Time Off, resulting in $272B in annual carry over liabilities for their companies (an average of $2,226 annual liability per employee). Instead of being forced to pay out unpredictable accrued vacation balances whenever an employee leaves the company, Sorbet provides organizations with the agency to control their finances. Sorbet technology offers insightful accrual predictions, loan refinance flexibility, funding, and infrastructure to reduce PTO liabilities, save costs, predict cash flows, and maximize tax benefits, all while offering employees a cash out benefit. How it works: -Once approved by the employer, Sorbet allows employees to choose the portion of accrued balance they would like to cash out immediately (similar to an invoice factoring solution). -In-turn, Sorbet enables employers to decide when they want to pay us back while saving financing costs in the process. -Employees cashed out time is loaded onto a prepaid card which can be used anywhere Visa is accepted. -Employees can invest in themselves with access to highly curated wellness, travel and entertainment experiences, fully localized to support small, local and minority-owned businesses, relevant even in the state of a pandemic. With Sorbet, employers can provide their employees with an incredible financial and wellness benefit while regaining full financial control and flexibility to minimize, restructure and refinance accrued vacation liabilities for immediate, quantifiable impact on the balance sheet and bottom line. Headquartered in Tel Aviv with offices in NYC & Kiev, were hiring a global team of relentless entrepreneurs to help disrupt a $272B opportunity. Join us!
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