Managing TOIL enables employees, if allowed by their employer and the award conditions, to accumulate paid time off in lieu, instead of receiving overtime wages for working additional hours beyond their regular hours. This allows the employee some flexibility and better work-life balance.
TOIL is a valuable tool for balancing work commitments with personal time. CloudPayroll can streamline the management process for organisations who offer TOIL which can benefit employees and employers.
The flexibility for employees to accrue TOIL, after managers approval, rather than get paid additional wages, enables them to take time off in the future. This could be for personal needs such as appointments, family obligations or simply to recharge. It demonstrates that the employer values their employees’ time and efforts, which can lead to higher morale and greater job satisfaction.
Benefits for Employers offering TOIL can include cost savings on paying overtime, increased productivity as employees feel supported and valued, and may attract and retain high quality employees.
Employees through the employee portal can easily add additional hours worked and request for hours to be added to TOIL balance. The leave approver/manager is notified that the request is pending and can review and approve/decline accordingly. This provides transparency and accountability eliminating manual record keeping which streamlines the approval process. The employee can then request for time off as TOIL through the employee portal for their manager to approve.
CloudPayroll automatically tracks TOIL hours added and taken, ensuring accurate records and balances.
TOIL is a valuable tool for promoting work-life balance and employees’ well-being. With CloudPayroll employers can efficiently manage TOIL, benefiting both employees and the organisation by offering flexibility and demonstrating a commitment to employee satisfaction, businesses can foster a positive work culture and drive success in the long term.
Interested to know more? Contact CloudPayroll to arrange a free demonstration:
sales@cloudpayroll.com.au or (02) 9042 2689 or (03) 9670 0422
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