Payroll software keeps track of annual hours worked by a particular employee

Cheltenham and Gloucester owner Lloyds Banking Group has suffered a ‘double whammy’. It has been forced to set aside £3.2 billion to cover compensation for those customers who were mis-sold payment protection insurance. This error has resulted in board bonus payments being claimed back, although the bank has not yet formally announced plans for the return of some of the money. The BBC’s business editor Robert Peston claims the bonus move may have a deterrent effect on unwise future banking deals.

Time and Attendance South West office clocking and payroll applications deal with bonuses and all matters related to employee salaries and work conditions. Additional features are available, which can be implemented on your time and attendance system to take into account diversity with working rules. For example, under Annualised Hours the software enables you to keep track of time worked throughout the year by a particular employee. Using Auto Clockout, employees are automatically clocked out at a certain time.