Improve Time Off Accruals with stratustime
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Transcript of Improve Time Off Accruals with stratustime
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Improve Time Off Accruals with stratustime
February 26, 2014
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Webinar Presenters
Jennifer Spencer
Director of Marketing
Steven Garone
Technical Support
Representative
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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
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Effect of Overworked
Employees
Nearly 50%
increase in
anxiety
disorders
117 million US citizens affected
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Effect of Overworked
Employees
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Effect of Overworked
Employees
$344
billion
annually
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Popularity of PTO Banks
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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
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Bank-Type PTO vs. Traditional
PTO
Bank-Type
Traditional
Other System
Unlimited
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PTO Bank Expectations
100% 98% 90% 74%
24% 11% 5%
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Accrued PTO Liabilities
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Accrued PTO Liabilities
500 employees @ $25 per hour
$112, 500 in paid out
PTO
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Managing PTO Banks
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Quick Poll
Which Methodology Does Your Company
Use?
• Hourly
• Fixed Time
• Not Sure
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Hourly vs. Fixed Time Accruals
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Accruals in stratustime
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Different Plans, Different
Employees
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Approval Workflow
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Time Passed or Hours Worked
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PTO Liability Assessment
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Beginning or End of ANY Period
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Pausing Accruals
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Projecting Employee Hours
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Customized Accruals
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Balances and Anchors
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Cancelling Requests
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Accruals to Fit Your Company
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Questions?
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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.