In nearly any company of every size, total human capital costs remain the single greatest organizational expense. With payroll costs that are averaging nearly 70% of total operating expenses, it’s important to know if your workforce is your most valuable asset or merely your greatest expense. How might your hiring decisions, employee scheduling methodologies, and […]
Progressing and succeeding in business is all about being agile and anticipating the next best move, before everyone else does. Sometimes the best way to gain ground and see into the future is to look to the past. Enter analytics. Having data and being able to effectively analyze it is crucial for creating an agile […]
Is there a position that exists in your company that has a high turnover rate? Maybe you figure, that’s the nature of the job; two years of dedication followed by instantaneous burnout. But what if you could reduce that turnover? Now you might be thinking, what do I have to invest my time and money […]
Explore this infographic to learn how the average worker spends his or her day.
One of the great things about attending HR trade shows around the country is that we have the opportunity to meet professionals who are facing the challenges that we, a time and attendance software provider, aim to solve. We meet CFOs who want to better understand PTO liability, payroll managers who are buried in paper […]
When you consider that as much as 80% of an HR department’s time is spent on administration and paperwork, there’s no surprise that so many organizations are looking for ways to leverage employee self-service with their HR systems. Employees who have direct access to their own time and attendance data (such as PTO accruals, schedules, […]
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Featured Topic: What's Unique About stratustime?
For many professionals, the phrase “cloud-based computing” has become synonymous with business-as-usual, and the promises that come with the cloud, such as rapid deployment, faster services, and greater connectivity, are baked into many modern work environments. However, less than a decade ago, the concept of the cloud was still new and fairly novel for many […]
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Do you remember the proposed overtime changes to the Fair Labor Standards Act (FLSA) in 2016? Once in effect, the rule was predicted to extend overtime protections to 4.2 million workers who were not previously eligible under federal law. Plenty of workers were excited about the changes, while many companies were a little concerned. And one sector that […]
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Between the country’s economic growth and the record low unemployment rate of 4.1%, times are looking good for many companies and workers. Now wages are starting to nudge upwards too. According to recent Bureau of Labor Statistics data, average hourly earnings moved up nearly 3% from a year ago. This means that more money is […]
Read More >How stratustime Works
stratustime tracks employee hours through PCs, mobile devices, and POS systems, then automatically transmits time and attendance data to your payroll service. Advanced features like scheduling, PTO accrual, and labor forecasting give HR managers and payroll specialists more time to focus on people instead of data entry.