Pay bands using a multiplier among time and attendance software features
Roger Lawson, chairman of the private investor group ShareSoc, vowed to protest against excessive boardroom remuneration. Prior to the shareholder meeting at gas exploration concern Faroe Petroleum he said of current pay proposals: “It was bad enough before. I would have accepted what they were paying themselves but this is pretty outrageous.” However, one fund manager with shares in Faroe commented: “The nature of these companies is that they can create massive wealth and you have to ensure that management have an incentive in maximising that.”
The time and attendance software for all Time and Attendance UK systems provides quick and easy access to information as well as hugely boosting your payroll management. Whether fixed or flexitime rules or night shifts, these working patterns are simple to define. Standard reports include Weekly Clock Card and Payroll Summary. Additional features are available, for example Secondary Pay Bands where certain pay bands pay into other bands either on a 1:1 basis or by using a multiplier.