Personnel system extracts payroll information in exactly the correct format
Bank boss Bob Diamond’s pay has come under scrutiny. A think tank says the Barclays chief should not be awarded his latest annual bonus due to the fact that the financial giant’s shares are trading far below net asset value. Shareholders group Pensions and Investors Research Consultants commented: “We cannot think of any circumstances in which a chief executive who was part of a team when the bank got into that predicament should be receiving any bonus at all.”
A Time and Attendance system from Tensor handles all payroll and hours calculation methods. The system allows you to create a series of shift premium rules that enable employees to earn bonus payments under special circumstances. A Tensor WinTA system has the ability to export information to the payroll system. Tensor has worked with all of the major payroll packages and WinTA has a wide range of configuration options to extract payroll information in exactly the correct format. It can share or receive information from third party applications.