Every company’s finance team is responsible for creating an accurate forecast. It can be comical watching your finance team race around the office discussing the latest spreadsheet and how it affects the companies forecast agenda. And therein lies the risk. Though valuable, spreadsheets often lack the functionality to automate accounting processes and streamline your budgeting […]
It’s no secret that for the past two centuries, the economy has evolved into a talent-driven, knowledge-based, asset community. To many investors, analysts and even employers, “assets” are loosely defined into cash flow measurement systems. From a strategic viewpoint, many companies understand the value of human capital and how it lays within the experience and […]
Time. Whether there isn’t enough time or you’re counting the hours until a specific time, there is a constant reminder of how important it is in order to stick to a schedule. Depending on the role you play in your company, it’s imperative that you stick to your own internal schedule so your projects are completed […]
Before mechanical time and attendance systems were developed, employers were required to monitor their employees’ attendance manually. This process involved numerous steps, including scheduling, payroll processing and paid time off accruals. Conducting each of the steps manually can create a plethora of issues, many of which still occur to this day. From payroll clerical errors to […]
Numbers can make a business. Numbers can break a business. The entire life-span of a business revolves around how many numbers you have to operate with and how many more numbers you need in order to make your company a profitable one. Stay on top of your company’s numbers with the 3 suggested financial tips […]
All businesses have a slow season. It’s within this period that companies have a tendency to place urgency on reducing costs. In most cases, it’s a good way to tackle costs by trimming the fat. Unfortunately for some organizations the presumption is that managers will take the right actions to control their department costs. Or […]
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 […]Read More >
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 […]Read More >
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.