Time and attendance system enables employees to earn bonus payments
Judges have ruled in the favour of famous football club Rangers over its use of Employee Benefit Trusts (EBTs) to make payments to players, managers and other employees. An EBT is a discretionary trust set up for the benefit of staff. Former bosses Alex McLeish and Dick Advocaat are two who have benefited from an EBT, receiving £1.7 million and £1.5m respectively. International stars Tore Andre Flo (Norway) and Dutchman Ronald de Boer are others thought to have been included in the scheme.
Time and Attendance Systems from Tensor that handle all major hours calculation methods include a facility for making bonus payments. The WinTA 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. Boasting features that grant total control over your business operation, the network inserts unpaid breaks if employees do not clock them.