Time and attendance systems with built-in HR modules can help better manage high employee turnover
Time and attendance systems with built-in HR management modules offer managers the tools to better manage the high levels of employee turnover that are currently affecting close to 40% percent of UK businesses, according to a recent news report.
A new employment and skills study from London First and Lloyds Banking Group has found that 4 in 10 UK businesses are reporting increasing difficulty in holding onto staff, especially skilled employees.
In fact, recruitment-wise, things are not too bad, with 42% of respondents saying their experience of recruitment hasn’t changed over the past 18 months, whereas 33% said it was easier and 24% said it was more difficult.
However, skills shortages are proving to be an ongoing headache for recruiters, with two thirds (62%) of firms nationwide saying they face challenges in hiring the people they need, rising to three out of four companies in London (76%).
Nearly one in three businesses (30%) said skills shortages were stopping them from growing revenue or expanding, while a quarter (27%) say the problem is hindering their ability to compete effectively. But, for many businesses, it’s the impact on their employees that concerns them most: nearly half (46%) said that skills shortages meant increased workload and stress for existing staff.
TENSOR TIME AND ATTENDANCE SYSTEMS DELIVER ENHANCED SKILLS MANAGEMENT OPTIONS
Beside checking attendance and worked times, the Tensor WinTA Time and Attendance suite also includes a dedicated HR module. Tensor Personnel allows you to record a vast amount of personal information about your company staff, including here basic details, course attendance, educational history, language skills, professional institute memberships, skills, etc.
Moreover, WinTA.NET supplies the relevant managers with information on employee’s absences through warning email notifications or via hardcopy reports. After that, the intelligent employee management system would rapidly identify missing employees that are expected to be at work and then informs you via automatic email reporting reports distributed by email.
Tensor’s range of products offer both a high level of reliability and good value for money, which means that companies who do decide to implement our solutions will immediately see the returns, without taking a hit as far as their balances are concerned.
If you’d like to find out more about the range of workforce management and Time and Attendance solutions supplied by Tensor, just contact us or Book a Demo, our representatives will be more than happy to answer any questions or queries you might have.