improve time off accruals with stratustime

Improve Time Off Accruals with stratustime

February 26, 2014

Webinar Presenters

Jennifer Spencer

Director of Marketing

Steven Garone

Technical Support

Representative

Webinar Overview

• Effect of Overworked Employees

• Traditional PTO vs PTO Banks

• Accrued PTO Liabilities

• Hourly vs. Fixed Time Accruals

• Managing Accruals in stratustime

• Q&A

Effect of Overworked

Employees

Nearly 50%

increase in

anxiety

disorders

117 million US citizens affected

Effect of Overworked

Employees

Effect of Overworked

Employees

$344

billion

annually

Popularity of PTO Banks

Quick Poll

What kind of PTO system does your

company use?

1. Bank Type PTO

2. Traditional PTO

3. Unlimited Time Off

4. Other/Not Sure

Bank-Type PTO vs. Traditional

PTO

Bank-Type

Traditional

Other System

Unlimited

PTO Bank Expectations

100% 98% 90% 74%

24% 11% 5%

Accrued PTO Liabilities

Accrued PTO Liabilities

500 employees @ $25 per hour

$112, 500 in paid out

PTO

Managing PTO Banks

Quick Poll

Which Methodology Does Your Company

Use?

• Hourly

• Fixed Time

• Not Sure

Hourly vs. Fixed Time Accruals

Accruals in stratustime

Different Plans, Different

Employees

Approval Workflow

Time Passed or Hours Worked

PTO Liability Assessment

Beginning or End of ANY Period

Pausing Accruals

Projecting Employee Hours

Customized Accruals

Balances and Anchors

Cancelling Requests

Accruals to Fit Your Company

Questions?

Improve Time Off Accruals with

stratustime

For more information,

call 800.561.6366 or

visit

nettimesolutions.com to

request a customized

demonstration of our

time & attendance

software.