Time and attendance clocking systems helps employers when faced with wide scale job cuts
Reliable time and attendance clocking systems with extensive built-in workforce management features can help employers when facing wide scale job cuts, an unfortunate situation that’s likely to affect the Barclays employees over the next couple of years.
Up to 30,000 posts are expected to go by 2017 as the bank plans to speed up its cost-saving strategy. This efficiency drive could see the bank’s global workforce fall from 132,000 to below 100,000 in the next two years.
As part of the bank’s current cost-cutting programme, 14,000 posts were slashed in 2014 and a further 5,000 are expected to go by 2016; a strategy the bank “will continue to work towards,” the source said.
It also went on to reveal that middle and back office employees are likely to feel the brunt of the job losses, where the largest cost savings could be achieved.
Time and attendance clocking systems can help streamline activity for HR departments
Given the sheer scale of this redundancy process, it’s quite likely that Barclays’ HR department will be under quite a serious level of stress over the next few weeks, and the same would most likely apply to any firm facing a similar situation.
However, this unfortunate process could be made a lot easier with the help of Tensor’s dedicated time and attendance clocking systems and workforce management solutions, WinHR, which pack all of the required tools required for efficient and effective administration of all employee details.
The Tensor software offers everything you would expect from a personnel management system, and many more additional features that will save time and aid strategic planning.
Included within the package is software that ensures your company complies with the recent changes to the EU Working Time Directive, and all for a price that is less than you would expect.
Furthermore, our extensive Access Control and Time and Attendance solutions will ensure the fact that, once the employees have finished their notice, their access to the premises will be automatically restricted.
If you’d like to find out additional information regarding the Tensor WinHR suite, or any of the company’s comprehensive Time and Attendance and Access Control suite, just contact our dedicated product teams or Book a Demo, our representatives will be more than happy to quickly and effectively answer all of your questions and queries.