Sorbet is a unique financial service startup that operates in the employee benefits market. Its primary service is to allow employees to convert their unused Paid Time Off (PTO) into cash. This innovative approach provides an additional compensation avenue for employees without affecting their regular paycheck.

Sorbet's clients are primarily employers who wish to offer this service as a voluntary benefit to their employees. By doing so, employers can improve employee financial wellness, reduce turnover and absenteeism, and attract and retain talent. This service is particularly beneficial in times of financial strain, as it allows employees to access extra cash without dipping into their savings or taking on additional debt.

The business model of Sorbet is simple yet effective. Employees can calculate the value of their unused PTO and apply for a cash advance against it. There is no credit check involved, and the application process is easy and risk-free. The employees only pay a small monthly interest payment and repay the full amount at the end of the term or when they receive their PTO payout from their employer.

Sorbet makes money by charging a small interest on the cash advance provided to the employees. This interest is paid by the employees over the term of the loan. The service is free for employers, making it an attractive option for companies looking to enhance their employee benefits package.

Keywords: Financial Services, Employee Benefits, Paid Time Off, Cash Advance, Financial Wellness, Employee Retention, Voluntary Benefit, Interest Income, No Credit Check, Risk-Free Application.