Mike: Hey everyone, Mike with Standard Time® thanks for joining me. We’re talking with Ray White, very privileged to have him here. Ray, we’re talking all things Standard Time. And I have one question for ya’. Billing rates, tell me about them.
Ray: Standard Time has a lot of different models. Different ways in which you can change things up and set the billing rates to be equivalent to your corporate model; different companies do it differently, different employees have different rates. Different projects have different rates. There’s a lot of different combinations there. Your billing rate may be different than the next person and it may be different on another project. Standard Time handles that easily; there’s a nice little screen where you can do that.
OK. So tell me then about long term.
OK that’s a good question. Because on long term projects the rates also change. Let’s say you have a multi-month or multi-year project and the rates for those projects actually change out into the future. So you’ll able to set the rates for future years, you’re also able to set the rates for different roles that people take. Project managers, engineers, developers, different roles, different people have different rates. You can set that all in Standard Time, very easy.
I know you have a cloud version, a windows version, an android version, an iOS version. Why don’t you tell everyone how they can get a hold of this.
You can try this by going out to our website which is stdtime.com. Click the download link, you’re going to see all those versions; windows, web, android, iOS.
That is awesome. You heard it from Ray himself. Go to stdtime.com, download your free version today.
Mike: Hey, everyone! Mike with Standard Time® thanks for coming back, thanks for joining us. Today we’re talking Standard Time, employee availability. With me in studio is Ray White with Scoutwest, welcome Ray.
Ray: Hey Mike
Ray, can a project manager tell if I’m available for new work?
Yes, there is a specific chart for that. Standard Time is more than just a time sheet. You probably know that, it’s also a project management application. And one of the functions is to allow project managers to find people who are available for work, to find out when they’re overloaded, when they have too much work and when they are finished with certain projects they are available for another project.
How can it tell that I’m actually overloaded?
Your manager or the boss whoever may have assigned you to too many projects; maybe too many tasks. This bar chart that you see will show bars for each time period. Usually for a month or for a quarter and you can see bars that are over the top.
What about finding project resources by skill?
Yup you can do that. Project managers like that because they have a certain skill set they are looking for on a project. They’ll be able to search the system for that; they can search for engineers, they can search for developers, sales, marketing. Whatever the skill or discipline is. They can find out whether those people are available for work now or whether they have to wait a little longer for their projects to end.
Tell everyone how they can get a hold of Standard Time.
Stdtime.com that’s probably the best place to go. You can go out there, click the download link. When you do you’ll see the cloud addition (the web addition), you’ll see the windows addition and then the smartphone additions for iOS and android.
So you heard it from Ray, he’s the expert. Download it free today you won’t regret it.
Mike: Hey everyone, Mike with Standard Time® thanks for joining me. You’ve probably seen me on the Internet with some videos telling you how excellent Standard Time is. Today I’ve brought in the expert, Ray with Scoutwest, he’s going to give us a little more information about how awesome Standard Time is. How ya’ doin’ Ray?
Ray: Pretty good Mike.
When people think of clocking into a job they think of going to a computer and actually logging into a system. Now Standard Time has changed that in the industry. Why don’t you tell us a little more about that.
Probably because of the smartphone. You’re right traditionally people have sat down at their computers, they will log into an application, timesheet, sometimes they’ll try to use spreadsheets, web applications. But more and more people are using smartphones for the same thing. Standard Time runs on Android, iOS – you can simply go tap, tap, tap, put in your time and that’s all you really have to do.
How does that information get from a smartphone to corporate offices?
This will synchronize with the cloud or with the desktop. It starts with bringing down your projects all your clients, your projects, your tasks. They all go down to the phone. Now you have those you can then log time or expenses against those projects. And then this will synchronize back to the cloud the information goes straight up. You are then able to access the information immediately.
So you’re saying when people actually log in their expenses it sends that back so that they can get a check back for any expenses that may have accrued.
Yes, or the company can see the expenses that have been logged for their consultants out in the field. But you can use this right in your own office. You don’t have to be in the field, if you happen to pull out your phone, you want to log some time, instead of sitting down at the computer you can do that.
That’s awesome. Before the cameras started rolling we were actually talking that clients can actually check the progress of their projects. Tell me about that. That’s pretty interesting.
There’s another addition of Standard Time called Project Bot. This addition you would give to your client. So typically consultants would give this to their clients, clients then can use their own special login ID, it will pull down all of their projects, it will pull down all the time and expenses that you’ve logged as consultants out in the field against their project. Pull down onto their phone, look at it and see exactly what’s been done.
That’s amazing. Why don’t you tell everyone how they can actually download this app.
Probably should go out to our website which is stdtime.com. When you go to the download link you will see all four additions. You’ll see the web, there is the windows addition, you’ll see the iOS addition and then you’ll see the Android. So all 4 icons are right there.
So you heard it here today. Go to the website and download it your free version.
Mike: Hi Mike with Standard Time® we’re back with Ray of Standard Time thanks for coming back Ray, I have a question for ya’. It’s a dousey. Can Standard Time tell me the revenue that I can expect from a project?
Ray: The answer is yes. Standard Time is more than just a timesheet. It’s a project management app as well. Project managers, PMO offices they’re able to look out into the future, see the revenue that they expect from their projects. They’re able to set the revenue expectations, the estimates, they’re also able to set the likeliness they’ll going to win a project. Some 100% we know we’re going to get that project, others not so much.
How about those not so likely ones?
Standard Time mixes those together so you see a typical sales funnel out into the future you see a bar chart that shows your revenue. When the revenue dips that’s the time to engage the sales team.
How about revenue for entire portfolios?
So that’s just segmenting your projects. You have portfolios of projects that might represent different industry segments, different kinds of projects you’re working on, different teams, different divisions. You put those in portfolios so you have projects here, projects there. They’re buckets, this is typical project portfolio management. You’re able to select a portfolio and see the revenue you expect for that portfolio and then compare it to another portfolio.
I know people are watching this and asking how do I get this and where do I find it? Why don’t you go ahead and tell them that.
They should go out to the website they’ll be able to download the windows addition or web addition. They can try this, put their projects in, set up portfolios if you want to they are optional. Set up the revenue expectations, the likeliness of each project to win and see that bar chart. If they go out to stdtime.com they can download right there.
Thanks so much Ray for joining us. Stdtime.com, hit that download link.
Mike: Hello everyone Mike with Standard Time® back with Ray White with Scoutwest, he is the expert on the Standard Time app. Absolutely amazing app for consulting companies, for any company really.
Manufacturing. I had mentioned to you HVAC people; a lot of people who are out in the field, this would be perfect for them.
One question I have about the timesheet. Can other people see my timesheet?
The answer is no. Your timesheet is private. Your manager, the executives they’ll be able to see your timesheet. Another thing you won’t be able to see is other people’s projects, you’ll only be able to see the projects you’re assigned to and the tasks you’re assigned to.
Tell me a little bit about favorites in Standard Time.
Nice feature. What favorites does is reduces the list. Let’s say you have a list of 15-20 tasks, projects. The list is long, you got to scroll through, you may have 50. That’s a lot to scroll through. A favorites feature lets you choose the ones you’re working on now. Let’s say you’re working on 1 or 2 projects now, you can go in click favorites, choose those now you timesheet only shows those few projects. You’re able to go in, put your time in, get out and that’s what it’s for.
That’s awesome. In the free trial of Standard Time can I use favorites?
You can, yes. You can put as many projects in as you like, you can assign those to people, each one of those people can use the favorites feature.
You can get your free trial today at stdtime.com. They have the Windows version, the Web version, the Android version and the iOS version which is amazing Ray. I love this program download your free version today. Join us next time, see you soon.
In this video we’re going to point out the unique features of Standard Time®. You’re going to see that Standard Time has a lot of features and they are laid out to be as user friendly as possible. As we go through these you may realize that these are available in competitive products but it’s unlikely you’ll find all of the features in the products you look at. One thing to know is this video is not intended to go into real detail just to point out in a bullet fashion some of these features.
First thing you’ll notice is the 6 tabs along the top-the fact that Standard Time has all these features is unique; you won’t find this in all the other products you look at. For instance having project tasks and the ability to lay out a hierarchy of tasks and have project management features in there. We saw the timesheet, that’s a simple layout where you can open up project tasks, put your time in simply enter your time press tab and you’re done. Many other timesheets make you choose a lot of dropdowns to make your final choice; this is a lot simpler.
The time log tab where you’re seeing a list of the records that you’ve put into the timesheet. Expenses where you have a list of all you’re expenses. Billing where you could write invoices for billable time to clients. You’ll see multiple currencies here, if you happen to be doing business in multiple locals.
There is a time off section which we’ll go into a little bit later where you can enter time off for vacation, PTO, sick, other time off. That in of itself is unique.
The next thing you’ll find is that we have both Windows and I just opened up the Web version. We have a Web interface as well as a Windows interface; and it has the same 6 tabs along the top. I’ll minimize this and go back to the Windows app.
We talked about the simple timesheet layout. We also have a graphical timesheet. If you choose this you see a graphical timesheet where you see all your time laid out in a graphical format. This menu also points out we have an expense sheet right on the timesheet. Go back to the timesheet. Another thing we can look at is quick tasks; go to the view menu, as you look through the menu itself you may see some other features I won’t necessarily get to but might interest you. I’m going to choose quick tasks and this window allows you to simply click once to start and stop a task. That’s unique, you can click, click, click throughout the day, complete your task and it will automatically fill in the timesheet.
There are future billing rates, that’s unique. Go to the billing rates choose employee billing rates, if I click on the date range you’ll notice this if for future years; Standard Time allows you to put in your billing rates for future years so that your project tasks will calculate and that you’ll have the rates there.
We have a project revenue. This allows you to see the revenue for the months coming up for the next year. If I go to the view menu choose project resource allocation; this particular chart has the availability bar chart chosen. Which allows you to see availability of employees out into the coming months.
Switch over to the time off, I’m hitting these fast and furious. If we go here and choose time off policies you can see Standard Time keeps track of the available hours you have, how many hours earn, when you earn them and so on and so forth.
We’ve got a little solution here that can prevent employees from putting too much time into tasks. You’re looking at the Standard Time® timesheet; we have the six tabs along the top, we’re looking at the Timesheet.
Normally companies will like to prevent employees from putting in too much time because they know a client wants to fix a task in a certain number of hours. They also may know they have to move a project along at a certain speed so they want to prevent task lingering. That’s what we’re going to talk about. Again we’re looking at the timesheet, we see a series of project tasks here. I’m going to open up one of these to show you, right click on Edit Task to show you the ability to set a task warning and a task error. This particular task is at 89% so it’s about to roll over into the 90% warning. This is a number you can put in yourself, you simply type in the percentage or choose from the dropdown. You can also choose a task error that actually stops the employee from putting any more time in. This does not have to be set at 100%, you can set it at 150, 200 whatever you’d like to set it to.
I’m going to cancel out of this; you can right click on any one of these and choose edit task it’s going to be in the task status section.
The next thing I’m going to do is log in as a different user, I’ll log in as Buzz. When I do that we’ll see the effect that has on an ordinary employee who might be putting more time in. We were talking about these two tasks here.
When I type 8 hours into this task, press the tab key to go over to the next cell, I get a pop up that says warning limit is 90%, new percentage is 91%. So if we add those 8 hours we’re going to go to 91%. Buzz is allowed to proceed if he wants to click this Proceed button. I’ll cancel out of this so we don’t actually put the time in. But he was able to proceed because that was just a warning. He can proceed through that top 10% until it hits 100%.
On this particular task we are about exceed the 100% limit which is the error limit that we had set, again you can set that to any number you want I set it to 100%. If we add the new 8 hours we will go over the 100% to 101, the Proceed button in the case is grayed out. That means Buzz can’t proceed at all, so that locks him out. He’s going to scream about that but that’s the number you set, you can get by it with an administrator override. But it does prevent him from going any further. So that is a way for you to measure and control the time that’s put in the timesheet.
One last thing let’s log back in as Ray. We’ll go to Tools, Projects and click on that project we see we can actually set these at the project level. We set them at the project level they can control all the tasks underneath unless those tasks override the settings here.
Let’s take a look at Time off Accruals. Let’s say your company gives you, or your employees, 40 hours off each year. Standard Time® is able to automatically accrue that time on a periotic basis. Whether it’s on a monthly basis, yearly or weekly, Standard Time can add those hours to your Paid Time Off (PTO) bank. Let’s take a look at where that occurs. I’m going to click on this Time Off tab; you see the 6 tabs along the top. This last one deals with time off and that generally deals with the PTO or other reasons you may be taking time off. You see a series of records that are for employees that have taken time off or who have submitted time off records. What I’m going to do is right click on this so I can edit the Time Off Policies. In this right click menu you also see the Time Off Reasons that you can have, the policies, there are blackout periods, meetings affect the time off because people want to know what meetings they will miss, holidays are also skipped. If I choose Time Off Policies this dialog box opens you see on the left hand side a list of reasons. These are the policies for each employee, in fact it’s for each employee and each reason or possible reason that they would be taking time off. You also see a drop down at the top, as you look through this you see people listed here. In this case I have Buzz, I can see all the possible reasons for Buzz to take time off. I can see the available hours, the number of hours he earns in a period. For instance vacation 12 hours each month, you could choose bi-weekly, monthly, yearly, compensatory and so on. There’s different ways to choose the earned period. You also can reset this if you like. That implements a use it or lose it policy. In this case if Buzz doesn’t use his vacation it’s going to be reset every year. But in this case he can carry over some hours. So that’s a use it or lose it policy; normally this it set to Never so that you don’t reset every year but some companies do implement a use it or lose it on certain reasons. You can see in some cases we reset in some cases we don’t, we can carry over. We also have a date of hire so we know when Buzz was hired. The Accrue day is when we earn on a monthly basis we know which day of the month to accrue. You can also set a Do not Exceed limit which prevents people from hording time. So if they’ve reached 900 hours of vacation you can prevent them from exceeding that so that they don’t go off and loot the company when they leave with so many hours you would have to pay for those. You also have an Overdraft column that allows the employee to pull hours from their bank even if they don’t have enough. In this case Buzz has 59 hours but let’s say he wants to take one giant vacation for 100 hours. If he had some Overdraft hours here or allowed to overdraft a certain amount you would allow that. If it’s set to zero then that’s not allowed for that particular reason. There’s a button down below that is the Time Off Reasons button. When you click that you will see all the time off reasons in the system. You can add and remove these to fit your company needs. When you do that you’ll see the time off reasons listed here. When you close and go back to the timesheet and open up this little Time Off area you’ll see the reasons there as well.
That gives you an overview on how Standard Time handles the automatic time-off accruals.