Banked Hours
Banked Hours are a great scheme that allows an
employer to call in staff when needed. Banked
Hours or Reserved Hours are prepaid for hours
allocated to a Bank at the start of the year. In most
cases the employee will know well in advance if
they are to be called in and could swap shifts if this
is inconvenient. In this way the employee can
create a shift pattern which suits their lifestyle and
provides the company with the cover they want.
The main advantage of a Banked Hours system is
that if set up correctly there is a reward system
built in. After all, the shift workers are providing the
flexibility the company wants, so in most cases the
company would reward its employees by zeroing
any unused banked hours at the end of the year.
Therefore the shift workers get paid for hours they
never worked.
Bank Hours are a flexible working arrangements to
make the operation more efficient and cost
effective. A flexible working arrangement means
that you don’t have to schedule additional workers
on to every shift to cover for absences.
The staff contract with the company to supply a
certain number of working hours per year. These
are referred to as Contracted Working Hours. Most
of their Contracted Working Hours will be used in
the shift pattern to cover for the workload.
However the workload will seldom require an exact
number of people so some hours will be
outstanding. A company can then also sets up The
Bank, which contains the outstanding hours; these
are prepaid for hours and owed to the company.
Typically 5-10% of Contracted Working Hours are
allocated to The Bank. The hours in The Bank are
specifically allocated to a person and every person
can have a different number of hours in the Bank.
The company can then utilize those
Banked Hours in any way agreed with the
staff. This allows the company to roster in
the Banked hours at any time in the year
without having to plan the entire year
before issuing the shift pattern. Hence the
manager can call on a member of staff
with hours in the Bank to come in and
cover for an absence at basic rate and
without the usual rigmarole. This makes
the operation more efficient, cost effective,
productive and flexible.
Banked Hours will work for a company as
long as it is not abused. It is a very good
method of guaranteeing Continuity Of
Operations, stability in other words, with
minimum effort on both sides.
Do you want to reduce your absence levels
down to zero?
Banked Hours are a great way to get rid of
your absence problems. If you are a
running a shift operation you can use
Banked Hours. Then if an absence occurs
anyone on the Banked Hours system can
be called in to cover the shift.
The best part is that when the staff realise
what is happening they can manipulate the
system. They can swap shifts when they
are absent and claim the Banked Hours for
work they have never done. Everyone is
happy. The company has no absence
problems, the staff "think" they are getting
paid for hours they never work. And the
shift managers can relax because the staff
are doing all the hard work of absence
management for them.
e-book
If you would like to find out more or
employ Banked Hours then our e-book
Banked Hours is available from Amazon.
Please visit our other websites
for many more articles at:
•
visualrota.co.uk
•
shiftpatterns.com
•
247rota.com
•
Training videos
•
Books
Thank you from
Angela and Alec
© 2021 C-Desk Technology
Experts on Shift Operations and Scheduling
Tel:01636 816466 | email: alec@visualrota.co.uk
Old Vicarage, Rolleston,Newark, GB NG23 5SE
Our video training course covers everything
you need to know about Banked Hours.
Here are over 30 vides, each covering a
separate aspect of using Banked Hours.
The videos are only a few minutes long, so
you can view them singly or a few at a time,
whenever you have time.
We look at the benefits for the organisation
and the staff on a Banked Hours operation.
We look at how many hours you need, when
you need them, how you will use them, the
problems you will encounter in using them
and the solutions to those problems.
As they are individual videos you can dip into
them over and over again to refresh yourself
or to show your colleagues the solutions to
their problems.
So everything there is to know in bite-sized
chunks, available to view whenever you want
and wherever you are.
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