Company hours calculation system allows employees to earn bonus payments
Last week's revolt at a Barclays Bank remuneration meeting put shareholder activism in the spotlight. A new web tool lets individuals complain if they feel executive pay at companies is too high. The letter emailed by the tool urges shareholders to “vote against excessive executive remuneration and rewards for failure this year”. Almost a third of Barclays shareholders voted against the bank's remuneration policies, with strong feelings generated by chief executive Bob Diamond receiving a £1.35m salary and a £2.7m bonus for 2011.
Integrated Time & Attendance management systems from Tensor are the best there is at combining the requirements of company rostering and job costing. The WinTA system handles all major hours calculation methods, including different overtime rates and night shifts. The system allows you to create a series of shift premium rules that enable employees to earn bonus payments under special circumstances. The bonus is calculated either as extra hours or monetary amounts and can be included in the export to payroll.