Time Off in Lieu (TOIL) is a flexible working arrangement where employees receive additional time off instead of overtime pay for extra hours worked. This practice benefits employees by enhancing work-life balance, providing flexibility, and increasing job satisfaction. Employers also gain from TOIL through cost savings, improved productivity, and better talent attraction and retention.
Every employee is a valuable asset to a company. It is not wrong to say that the growth and success of any organisation are directly related to the well-being of employees working there. Making time to prioritise employee well-being gives companies like yours a competitive advantage and fosters a productive workplace atmosphere. It positions you as an employer that would be the go-to choice for employees in a competitive job market.
In today’s rapidly evolving business landscape, the amalgamation of Information Technology (IT) and Human Resources (HR) is proving to be indispensable for organizational success.