Clocking system absorbs national minimum wage rise costs

This week the national minimum wage has gone up to a new rate of £5.93 an hour. The coalition Government confirmed that the rate will come into effect on October 1. Employment Relations Minister Edward Davey said: “The increases to the national minimum wage this year are appropriate for the economic climate. They will strike a balance between helping the lowest paid whilst at the same time not jeopardising their employment.”
He added: “The Low Pay Commission estimates that around 970,000 people stand to benefit from these increases. Workers on the minimum wage are disproportionately likely to be employed by small firms and so it is right the Low Pay Commission considers their competitiveness when they make their recommendations for next year.”

This means added overheads for employers in difficult economic times. However Time and Attendance UK’s job costing systems will absorb the impact by simplifying the jobs of your payroll, enabling time and money saved. The smart card and biometric time and attendance clocking systems are quick, accurate and easy-to-use to record employees’ hours, meaning employers can keep track of staff, who are your most valuable resource.