Having worked with hundreds of unique organizations that range from manufacturing facilities to healthcare institutions, and retail stores to software companies, I’ve worked through time off accrual challenges of every shape and size. I’ve learned that every organization is different, and while many of the time and attendance needs we meet are fairly standard from […]
Approving an employee’s time off request can be a daunting task. It means taking time out of your day to review the employee’s PTO bank to see if the number of hours requested off are available, to assess other employees’ schedules, and to run through projects and meetings and consider any possible changes. Now imagine, […]
Explore this graphic to learn the top reasons we love accrual tracking in stratustime.
Paid time off can generally be broken up into two systems; Traditional PTO and Bank-Type PTO. Within each system, specific categories can be measured or accrued differently.
When it comes to accruing time off from work, there are two different methodologies that your employer can choose. Hourly Accrual One way to accrue paid time off is by the number of hours worked. This means that for each hour worked the employee earns a specific amount of paid time off. Based on an […]
For the sloths among us, our headline may sound like a guarantee for winning the lottery, but be warned, if it sounds too good to be true, it probably is. And, it is; because we’re about to pull a bait and switch. If you’re wondering what we’re going on about, we’re discussing when waiting to […]
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.