Control salary expenditure at an organisation using different pay bands
A survey says starting salaries for university leavers will grow this year. Graduates will look likely to earn £26,500 on average in 2013, up from £26,000 last year, and £25,000 in the three years from 2009 to 2011, predicts the Association of Graduate Recruiters (AGR). Chief executive of the AGR Carl Gilleard remarked: “The results indicate a renewed level of optimism among organisations for the year ahead,” adding that the graduate job market is “inextricably linked to business confidence.”
It is possible to control salary expenditure at your organisation using a Time & Attendance System from Tensor – who are the best at providing time and attendance rostering and job costing technology. All frequently used methods of hours calculation are handled by a Tensor network. WinTAnet will calculate different overtime rates and insert unpaid breaks if employees do not clock them. Using Secondary Pay Bands, certain pay bands pay into other bands either on a 1:1 basis or by using a multiplier.