12 percent of UK workers’ income is spent on work-related costs

A new research study published by banking powerhouse Santander revealed the fact that workers in the UK collectively spend £67bn per year on costs related directly to their jobs, and these costs are going nowhere but up.

As a news report in the media on this topic has revealed, various expenses related directly to work attendance, such as childcare, commuting, work clothes and computer equipment cost the average full-time employee £2,681 per year, accounting for 12 per cent of their disposable income.

Moreover, these costs are beginning to take an increasingly higher toll on the employee’s available income, since, although wages increased by an average of 1.4 percent, the cost of working also increased by 10 per cent over the past year. Commuting is the greatest cost to workers, followed by childcare-related expenses.

“Earning a living can be an expensive task, particularly against a backdrop of rising living costs. The price of going to work has increased significantly since last year but average salaries have not and, as a result, workers are considerably worse off,” says Alan Mathewson, CEO of Santander Cards.

Given this situation, more and more companies are trying to implement a more flexible approach to employement, especially as far as the employeer’s physical presence at the workplace is concerned.

Nevertheless, such an approach also involves the implementation of a very solid and reliable personnel management solution, and this is specifically where Time & Attendance UK could put its experience to very good use.

We offer a complete smart card time and attendance system that includes European Working Time Directive checking and reporting, Access Control, Fire Roll Call, and also makes good use of mobile and wireless technology so that your time and attendance information can be accessed from anywhere.

Moreover, our specific position within this market segment, as well as proven experience in the field enables us to thoroughly customize our systems in order to meet all of your requirements, whether you’re an enterprise customer with multiple sites or a smaller business.

Smart card technology allows your employees to quickly clock in and out, with the time and attendance software accurately recording attendances.

Furthermore, our all-in-one, Smart Card Time & Attendance recording workstation incorporates such features as job booking, job costing, labour hours analysis and security management.

If you want to find out more about the range of affordable, reliable solutions provided by Time & Attendance UK, just contact our dedicated product team, they’ll be more than happy to answer any question you might have.