There are many factors that contribute to overtime. Depending on your organization’s demands, overtime may be warranted, especially during seasonal spikes. Though overtime often cannot be eliminated, there are methods of reducing it in order to work within your allocated payroll budget. A few overtime reduction methods include focusing on: • Removing the ability to […]
As a supervisor or manager, it can be difficult to get a clear picture of the costs related to absenteeism. Understanding how administrative complexities directly affect your team, can improve your attendance program. The items listed below, for example, all lead to increased costs for a company: Lost productivity Manual scheduling Overtime Unexcused absences Manual Data […]
No two Manufacturing facilities are alike. But when it comes to time and attendance, managers need to balance convenience, budget, and speed regardless of their production environment. With a cloud based time and attendance software, Manufacturers experience a whole new level of employee engagement. Here’s how: When you implement a cloud based time and attendance software […]
How quickly can you accurately determine which employees qualify for health care benefits? If you’re still calculating time and attendance on a spreadsheet, you’ll want to demo our Affordable Care Act (ACA) module in stratustime. You’ll see firsthand how time data is captured in real time, with no errors from manual entry. Because stratustime is a cloud based time […]
We… don’t… feel… like… WORKING. But alas, we feel like receiving a paycheck so we muster on. Seriously though, it is normal for minds to wander and for productivity to dip during the hot summer months. Which is why we turn to our cloud based time and attendance software and reveal the top 3 ways […]
The Fair Labor Standards Act (FLSA) sets the minimum wage and overtime pay for employees. Unless exempt, employees covered by the FLSA must receive at least minimum wage for every hour worked. Overtime pay is for hours worked over 40 in a workweek, and that rate is not less than one and one-half their regular […]
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.