Payroll recording enables employees to earn bonuses under special circumstances

HSBC executives are set to face a bonus claw-back as a result of the money laundering scandal. Bosses past and present would be affected by the action, after an investigation by the US authorities revealed the bank had laundered cash for criminal organisations. The firm could recover millions of pounds in bonus awards from employees, reportedly including former chief executive Michael Geoghegan and Sandy Flockhart, an executive at the bank’s Mexican arm. HSBC faces £444m in fines for its alleged lax controls.

Time & Attendance UK’s attendance recording and reporting 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. Time & Attendance UK has worked with all of the major payroll packages. WinTAnet has a wide range of configuration options to extract payroll information in exactly the correct format.