Payroll recording system handles staff paid via annual contracts
The latest research finds staff aged 16 to 29 faced a 10 per cent wage fall from 2003 to 2011 in real terms. Their pay situation compared poorly to that of older workers. The Resolution Foundation discovered that earnings for employees aged under 30 fell by 6.4 per cent in the seven years from 2003, representing the biggest pay contraction of the UK workforce. Young men fared worst as their average wages fell 8.6%, while women’s went down 5.8%.
Payroll, wages and hours are all dealt with by WinTA, the leading clocking recording and HR management system from Tensor. All frequently used methods of hours calculation are handled, from simple determination of overtime by the number of daily hours worked to the more complex payment of overtime hours adjusted when periodic targets are not met. WinTA contains special rules to accommodate the formal flexitime contracts worked by many public sector employees. Workers paid via annual contracts are encompassed by the annualised hours procedures.