A top city boss who has been on sick leave has refused his annual bonus. Antonio Horta-Osorio, head of Lloyds Banking Group, said this reflected the “impact” his leave of absence had had on the bank. Mr Horta-Osorio returned to work earlier this week and acknowledged that the impact of his absence had been felt both “inside and outside the bank, including for shareholders”. He also appreciated the “tough financial circumstances that many people are facing”.
Business planner can give each worker different entitlements for absence
One of the features of a Tensor Time & Attendance system is its absence planning and entitlement management. Graphical calendar charts in our WinTA software provide a colourful way of viewing an individual’s or a department’s absence records at a business. Each employee can be allocated different entitlements for absence such as annual leave or allowed sickness. As absence is booked and taken, the available remainder for each entitlement is updated. Entitlement formulae are used to calculate more complex entitlements that work on a rising scale based upon length of service.