Exchange Unused Leave Time for Perks?

It’s estimated that there are 429 million unused days off, valued at $84 billion, according to a startup called PTO Exchange. This new company works with employers to allow employees to convert their unused vacation, sick, and personal days to perks. For example, employees can add the equivalent of unused leave time to their health savings account or 401(k) plans. There’s a per-employee and transaction cost to employers.