Provide greater employee flexibility, reduce overtime and increase productivity & efficiency.
Recognised as an effective way to remove overtime and increase flexible working time, annualised hours is a system that has been adopted by many industries as an alternative to the more traditional, rigid systems where employees are paid “hourly” or “weekly”. Very simply, annualised hours mean that an employee’s hours are looked at and totalled over a year, rather than a week.
Typically annualised hours are based on a 35-40 hour week. For example, a person working a 39-hour week, with annual leave of 5 weeks and 1.8 weeks public holidays equals 45.38 working weeks.
Annual Hours = 45.38 weeks x 39 hours per week = 1,770 hours
Contact us for further information about how Softworks could assist you to introduce and manage Annualised hours.