When it comes to navigating the Affordable Care Act, defining your employees early on can save your business from possible penalties due to insufficient records and lack of proof of number of full time employees. Prepare yourself for the ACA by identifying the types of employees in your business. 1. Full-Time Employee A full-time employee […]
Are you prepared for the ACA? Explore this infographic to easily navigate the ACA and determine if your employee is a variable hour employee.
Are you prepared for the ACA? Explore this infographic to use safe harbor methods to determine which new employees must be treated as full time.
The safe harbor method for a new employee is slightly different than the method discussed in the previous blog, “Safe Harbor Method for an Ongoing Employee.” If the employee is hired as full-time, the waiting period for coverage can be no longer than 90 days. If he or she is hired as a variable hour […]
Are you prepared for the ACA? Explore this infographic to use safe harbor methods to determine which ongoing employees must be treated as full time.
As discussed in the Affordable Care Act: Basics for Business infographic, all businesses that employ 50+ employees must offer affordable health insurance options to their full-time employees or face a monthly “Employer Shared Responsibility Payment” on their federal tax return. So, how do you know if your ongoing variable hour employees are considered a full-time […]
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.