Corporate payroll software creates secondary pay bands and more scales

The UK’s biggest lender is taking back bonuses worth £2 million from 10 executives, including the former chief executive. Under par financial performance has prompted the move from Lloyds. The action over the bonuses, which was demanded by regulators after the banking crash four years ago, is being made after pressure from politicians and the Financial Services Authority. Lloyds will publish its results this Friday and is expected to announce a loss of about £3.5 billion.

Using the time and attendance software in all Time and Attendance UK systems, your corporation’s payroll department can create a myriad of pay scales. You can create a wide range of daily working patterns (shifts), with either fixed or flexitime rules. Additional features are available, which can be implemented on your time and attendance system to take into account diversity with working rules between different organisations. These include Secondary Pay Bands where certain pay bands pay into other bands either on a 1:1 basis or by using a multiplier.