So we are nearly 3 weeks into the introduction of the National Living Wage and the effects have prompted organisations to respond to the new legislation in different ways.
I came across the article; “MPs slam living wage ‘dodgers’: Businesses accused of making a mockery of Osborne’s plans by cutting perks for their staff” which prompted me to ask the question.
Perhaps a little naive on my part, but my thinking was that organisations would be looking to take the necessary steps to plan more effectively for increased payroll costs and ensure that they do everything possible to remain within budget.
The article however, as it’s title suggests, highlights how some organisations are taking the steps to work in line with the new legislation by essentially giving with one and hand and taking with the other it would seem. In fact it actually names and shames some when it goes on to say:
“Food chain Eat has stopped paying staff for their half an hour lunch breaks, while Caffe Nero has stopped giving employees free food and drink at lunch. Labour MPs yesterday claimed that some companies are also cutting their wage bills by handing overtime to younger staff aged under 25 as they do not qualify for the living wage. Ms Ryan reserved her most scathing attack for DIY retailer B&Q which has slashed pay for staff working on Sundays and bank holidays.”
So how does this apply to us here at Thinking Software?
For those of you who are unfamiliar with us, we provide an Enterprise Time & Attendance solution, Rota Horizon, which has the potential to be your greatest ally with reference to workforce management.
With the National Living Wage increasing your operational costs, there has never been a more important time to understand exactly:
What hours your staff are due to be working
At what rate they are being paid to complete those hours
Any additional staff members will be getting paid for going beyond the hours they are contracted for
Whether the ideal staff plan works in line with your budget
If this isn’t information that you have access to already, then there has never been a better time to contact Thinking Software and simply explore how Rota Horizon could assist you. The solution also helps in the following ways:
Using Time and Attendance data
Once you’ve collected accurate Time and Attendance data, your managers can use it to:
Calculate employee work and overtime hours
Manage your company flexi-time scheme
Monitor lateness, absence and break times
Record lieu hours
Check Working Time Directive Compliance
Record holidays, sickness and other absence
As well as collecting and using attendance data you will also want to record when your employees aren’t at work, and why not.
With Rota Horizon you can:
Manage holiday entitlement and plan annual leave
Monitor sick days and calculate Bradford Factor scores
Record other absence reasons that you can define in the system
Budget and Forecast
Within Rota Horizon there is the potential to store every employees pay rates, these can even be obtained directly from any form of payroll software you may use (ie Sage Pegasus). By understanding exactly what hours employees have worked, then matching those hours against the correct pay rates, by planning when staff are meant to be you can produce an accurate forecast.
Know the cost of each work period in
advance and on the fly
Plan in advance to make sure you meet
Know who’s on holiday or other planned
absence in time to adapt the rota and control the cost
So if you believe that your organisation could benefit from a Time & Attendance solution then please do call us on 0800 854 471 or contact us below. Please also feel free to request a software web demonstration by clicking here and providing the details requested.
To read the article discussed please Click Here.