The planned hub will play a big part in transforming the "digital experience" for the Bank of Scotland, Lloyds Bank, Halifax and Scottish Widows customers.

 

The new roles will be in software engineering, and will be recruited for over the next 18 months. This is part of the bank’s longer-term £3 billion investment to improve their digital capabilities.

 

Philip Grant, chairman of Lloyds Banking Group’s Scottish Executive Committee, said: "We’re working with the industry to strengthen our tech-based talent pool in Scotland, which will not only benefit customers of Lloyds Banking Group, but support the development of technology, skills and talent in the fastest growing digital economy outside London.

 

"People’s expectations are rising rapidly as they want the same experience they’re used to with established digital brands.

 

"In our tech labs, we are designing what customers will need in the future, making products and services that can adapt to their lives and making it easier for them to connect with their finances."

 

Source: Insider

 

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Moving into a new building is the perfect time to assess your current payroll system, specifically the way that you record employee attendance and their hours worked. This is particularly relevant since the European Union Court of Justice has recently ruled that EU members should order businesses to keep records of the exact hours worked by their full-time employees, in order to fully comply with the requirements of the Working Time Regulations.

 

Many companies, even in today’s high-tech world, still resort to weekly paper timesheets to record employee working hours. These have more downsides than they have advantages. 

 

For example, they are very easy for an unscrupulous employee to fake. If there is no way of monitoring employee attendance apart from their own self-reporting, then they can easily put in overtime or prime-time shifts that they didn’t actually do. 

 

Even an honest employee could forget exact details and fudge an entry. Inaccurate working hours could put you at risk of breaching the European Working Time Regulations rest rules.

 

Another example is the incredible amount of processing time that timesheets can cost payroll staff. They need to transfer often illegible handwriting individually onto Excel spreadsheets in order to convert it into data they can deal with for payroll. One typo could completely change an employee’s payslip for that month.

 

For accurate, trustworthy time recording which adheres the EU regulations, contact us today or book a demo. We’ll be happy to show you what our system can do.