Annualised Hours agreements provide many employees with the ability to achieve a more desirable work – life balance and to have more control over their time.
Annualised Hours Contracts can work well with part time arrangements and may also be scheduled in order to achieve term time working which is ideal for working parents.
Intelligent Time Annualised Hours working rules comply with the changes introduced on 1st April 2009, particularly, concerning the increase in the statutory holiday entitlement and payment in lieu of holiday. From 1st April 2009 statutory holiday entitlement increases to 28 days from 24 days, including public and bank holidays.
Various other forms of contractual flexible working exist such as committed hours.
These schemes are particularly suited to tailoring your rostered labour to meet seasonal variations in your business, without incurring unnecessary overtime payments for peak times.