Latest Business Intelligence News

Group O Live on Latest Version of Kronos

Kronos® Incorporated today announced that the more than 1,000 employees of Illinois-based Group O are live on version 6.1 of the Workforce Central® suite

CHELMSFORD, Mass. (November 17, 2009) –

Kronos® Incorporated today announced that the more than 1,000 employees of Illinois-based Group O are live on version 6.1 of the Workforce Central® suite. Group O, one of North America’s largest Hispanic-owned providers of third-party logistics and business process outsourcing solutions, uses Kronos for time and attendance and HR and payroll. Group O is one of more than 220 customers to go live on the latest version of Workforce Central since the product became available in February 2009.
News Facts

* Group O uses Kronos to extend the value of its ERP system, supplementing it with rich time and attendance and HR and payroll functionality from Kronos.
* Prior to using Kronos, Group O’s HR processes were time consuming and decentralized. With the HR and payroll solution from Kronos, all information is accessible in a central database, redundant entry of data is a thing of the past, and automated reports are available on demand.
* The Kronos HR and payroll solution provides improved record-keeping that enables the company to minimize compliance risk.
* Kronos HR and payroll enabled Group O to scale from less than 400 employees to more than 1,000 employees without overwhelming its HR department, allowing them to be more productive and strategic.

Supporting Quotes

* Kim Fox, vice president of human resources, Group O
“Kronos was the only vendor who could provide us with a truly integrated workforce management solution. It brought our HR processes out of spreadsheets and filing cabinets and into a fully automated solution that enables us to save money and be more productive. It also enables us to be compliant with various workplace-related rules and regulations by ensuring our record-keeping is top-notch.”
* Amy Brar, senior director, HR/payroll, Kronos
“Group O is a long-time Kronos customer that recognizes the benefit of an integrated workforce management solution that can grow to meet its business needs. With Kronos, Group O is controlling labor costs, minimizing compliance risk, and improving productivity.”

Supporting Resources

* About Group O

About Kronos Incorporated

Kronos is the global leader in workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. Tens of thousands of organizations in 60 countries — including more than half of the Fortune 1000® — use Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. To learn how Kronos uniquely delivers complete automation and high-quality information in an easy-to-use solution, visit www.kronos.com.

© 2009 Kronos Incorporated. Kronos and Workforce Central are registered trademarks of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.

Source: Kronos

Tags: Kronos

Kronos

Kronos® Incorporated today announced availability of Kronos Essentials â?? Hiringâ?¢, a new selection and hiring solution designed specifically for the needs of small- and mid-sized businesses (SMBs)

LAS VEGAS (November 10, 2009) –

Kronos® Incorporated today announced availability of Kronos Essentials – Hiring(TM), a new selection and hiring solution designed specifically for the needs of small- and mid-sized businesses (SMBs). The solution helps organizations to continuously improve the quality of their workforce, reduce compliance risk, and improve productivity.
News Facts

* Kronos Essentials – Hiring provides the functionality of Kronos’ industry-leading selection and hiring solution in a preconfigured, easy to use, low-cost offering designed to accelerate ROI and deliver low total cost of ownership.
* The solution takes advantage of Kronos’ hiring differentiator: selection science. Now SMBs can make better hiring decisions, improving the overall quality of their workforce on a continuous basis by hiring people who stay longer and perform better.
* Kronos Essentials – Hiring allows organizations to ensure process compliance by integrating background and Work Opportunity Tax Credit (WOTC) checks and by providing standard Equal Employment Opportunity Commission (EEO) and Office of Federal Contract Compliance Programs (OFCCP) reports. It’s also easier than ever to ensure new hires have legal work status by conducting employment verifications via e-verify integration.
* Recognizing that SMBs often have limited IT budgets and resources, this new offering requires minimal IT support, providing organizations with employer-branded career sites in both English and Spanish, and a standardized job application template out of the box. Organizations using the new solution are able to electronically on-board new hires, reducing paperwork and improving productivity of both the new hire and his or her manager.
* Thousands of organizations with fewer than 2,500 employees rely on Kronos to effectively manage their workforce through the use of time and attendance, absence management, scheduling, human resources, and payroll solutions.

Supporting Quotes

* Steve Earl, director of product marketing, Kronos
“Kronos Essentials – Hiring is a right-sized software-as-a-service offering at an affordable cost. It gives SMBs access to the same high-caliber selection and hiring solution that many of the world’s largest and most successful businesses have been using for years.”

Supporting Resources

* This announcement was made from KronosWorks(TM), the industry’s largest venue for exchanging ideas on how to effectively manage the workforce. KronosWorks is taking place this week in Las Vegas.

About Kronos Incorporated

Kronos is the global leader in workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. Tens of thousands of organizations in 60 countries — including more than half of the Fortune 1000® — use Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. To learn how Kronos uniquely delivers complete automation and high-quality information in an easy-to-use solution, visit www.kronos.com.

© 2009 Kronos Incorporated. Kronos Essentials – Hiring is a trademark and Kronos is a registered trademark of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.

Source: Kronos

Tags: Kronos

Kronos

Based on its ability to uncover hard-dollar savings during these challenging economic times, Kronos® Incorporated is seeing an increased demand for its Optimization Services offering.

LAS VEGAS (November 10, 2009) –

Based on its ability to uncover hard-dollar savings during these challenging economic times, Kronos® Incorporated is seeing an increased demand for its Optimization Services offering.
News Facts

* Kronos Optimization Services are delivered by experienced Kronos consultants who assess an organization’s workforce management processes through a series of consultative interviews and technical reviews and make recommendations that help them derive more value from their existing Kronos solution.
* By uncovering inefficiencies due to lack of complete automation, absenteeism and overtime abuses, Optimization Services save organizations money; help them make better, more informed decisions; and position them for long-term cost savings and success.
* On average, customers who take advantage of Kronos Optimization Services uncover an additional $1.4 million in direct savings.
* More than 100 organizations ranging in size from less than 1,000 employees to more than 70,000 employees have taken advantage of Kronos Optimization Services including Levy Restaurants, Ocean State Job Lot, Pacific Alliance Medical Center, and ProHealth Care.
* Kronos offers a comprehensive portfolio of services designed to solve critical business issues and maximize performance and ROI throughout the lifecycle of an engagement.

Supporting Quotes

* Chris Todd, vice president of professional services, Kronos
“We know that once an organization installs a Kronos solution, they don’t always have time to think about whether or not they are using it to its fullest potential. With Optimization Services, we do it for them, providing organizations with actionable advice they can follow to better control labor costs, minimize compliance risk, and improve productivity.”
* Allan Shubin, chief financial officer, Pacific Alliance Medical Center
“The Optimization Service from Kronos showed us that our payroll staff was spending too much time verifying and correcting timecards. It also uncovered a need for managers and employees to be re-trained on how to effectively use the system to monitor and control labor costs. Finally, it identified areas of significant cost savings which ended up virtually paying for our upgrade to Workforce Central® 6.1. We anticipate that we will continue to see reductions in labor costs as a result of the re-training and more effective use of the Kronos system overall.”

Supporting Resources

* This announcement was made from KronosWorks(TM), the industry’s largest venue for exchanging ideas on how to effectively manage the workforce. KronosWorks is taking place this week in Las Vegas.

About Kronos Incorporated

Kronos is the global leader in workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. Tens of thousands of organizations in 60 countries — including more than half of the Fortune 1000® — use Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. To learn how Kronos uniquely delivers complete automation and high-quality information in an easy-to-use solution, visit www.kronos.com.

© 2009 Kronos Incorporated. Kronos and Workforce Central are registered trademarks of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.

Source: Kronos

Tags: Kronos

Kronos

Delivering on its belief that organizations want complete control over how they acquire, deploy, and manage their solutions, Kronos® Incorporated now offers a rent-to-own purchasing option.

LAS VEGAS (November 10, 2009) –

Delivering on its belief that organizations want complete control over how they acquire, deploy, and manage their solutions, Kronos® Incorporated now offers a rent-to-own purchasing option.
News Facts

* With the rent-to-own option, organizations can minimize up-front costs by paying for their solution with fixed monthly payments rather than an initial capital investment.
* Within the first 24 months of the rental, customers have the option to purchase their solution outright for a fixed price and have a portion of their rental payments credited toward the purchase. If they choose not to exercise the buy option, they can continue to rent the solution as long as they wish.
* Technology can be deployed on-site or in a Kronos data center.
* Rent-to-own is the latest addition to Kronos’ portfolio of purchasing options which also includes purchasing a perpetual license, leasing, or subscribing on a monthly basis.
* The rent-to-own purchasing option is available for all Workforce Central® products.

Supporting Quotes

* Jim Kizielewicz, senior vice president and chief marketing officer, Kronos
“Rent-to-own is another example of Kronos making its solutions easy to buy and easy to own. Our goal is to enable organizations to have complete control over how they acquire their Kronos solutions, and we offer more flexible purchasing options than anyone else in our industry.”

Supporting Resources

* This announcement was made from KronosWorks(TM), the industry’s largest venue for exchanging ideas on how to effectively manage the workforce. KronosWorks is taking place this week in Las Vegas.

About Kronos Incorporated

Kronos is the global leader in workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. Tens of thousands of organizations in 60 countries — including more than half of the Fortune 1000® — use Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. To learn how Kronos uniquely delivers complete automation and high-quality information in an easy-to-use solution, visit www.kronos.com.

© 2009 Kronos Incorporated. Kronos and Workforce Central are registered trademarks of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.

Source: Kronos

Tags: Kronos

Kronos Retail Labor Index(TM) Shows Retailers Cautious About Holiday Shopping Season

Kronos® Incorporated today announced the November release of the Kronos Retail Labor Index�, a family of metrics and indices that analyze the relationship between the demand and supply sides of the labor market within the U.S. retail sector, and provide a distinct and early indicator of the overa

CHELMSFORD, Mass. (November 09, 2009) –

Kronos® Incorporated today announced the November release of the Kronos Retail Labor Index(TM), a family of metrics and indices that analyze the relationship between the demand and supply sides of the labor market within the U.S. retail sector, and provide a distinct and early indicator of the overall state of the economy. The November release includes data for September and October 2009. The report is available on the Kronos Retail Labor Index website.
News Facts

* The Kronos Retail Labor Index: (This metric is defined as the percentage of job applications that result in a hiring, normalized within a scale of 0 to 100. A level of 3.00 percent means that for every 100 applications received, three hirings occurred). The Kronos Retail Labor Index decreased to 2.58 percent in September 2009, an all-time low for the Index. It recovered to 2.90 percent in October, a significant improvement but still below the rate of 3.00 percent reported in August.
* Retail Hiring Level: The 68 retailers representing 27,034 distributed locations across the U.S. who make up the Kronos data sample, recorded 40,193 hirings in September 2009 and 44,544 hirings in October 2009. September’s figure represented a 6.22 percent drop from August, the first drop in the level of hirings since January 2009. This was followed in October by a 13.31 percent increase. October’s seasonally adjusted figure represents the highest level of hiring since December 2009.
* Retail Applications Level: The supply of applications continued to increase, to a seasonally adjusted level of 1,552,914 in September 2009, and 1,583,990 in October 2009, the highest level recorded to date. September and October represented the ninth and tenth straight monthly increases in the applications level.
* Retail Employee Retention Rate: Continuing the trend of increased employee retention, the 60-day retention rate for September 2009 was 4.43 percent higher than it was in September of 2008, while the October 60-day retention rate was 4.47 percent higher than it had been in October 2008.
* Holiday Hiring: While the level of applications received by retailers in September and October has increased each year since 2006, the cumulative number of hirings made in each of those years has decreased and is currently at its lowest point since 2006, indicating that retailers are expecting a slow holiday sales season.

Supporting Quotes

* Dr. Robert Yerex, Ph.D., chief economist, Kronos
“September saw a significant dip in the Kronos Retail Labor Index, due in part to an ever-growing pool of applicants. The increase in the level of applications in September and October outpaced any simultaneous increase in the level of hirings. Early evidence from the winter holiday hiring period indicates that retailers are preparing for another weak sales season and are hiring at accordingly conservative rates.”

Supporting Resources

* Organizations that use Kronos hiring solutions employ approximately 15 percent of the U.S. consumer retail labor market, providing Kronos with a unique set of data on employee job applications, hirings, and length of service.
* The Kronos Retail Labor Index is released on a monthly basis. Go to www.kronos.com/retail-labor-index to access: the full report; a schedule of upcoming Index release dates; the Index methodology; and downloadable graphics.
* Note to reporters: cite Index findings as “Kronos Retail Labor Index”.

About the Kronos Retail Labor Index

The Kronos Retail Labor Index is a family of metrics and indices that analyze the relationship between the demand and the supply sides of the labor market within the U.S. retail sector. It is derived from a single, unified data set, allowing for statistically appropriate comparisons and time series-based trending analysis. Firms that use Kronos hiring solutions employ approximately 15 percent of the U.S. consumer retail labor market, providing Kronos with a unique set of data on employee job applications, hirings, and length of service. The Kronos Retail Labor Index provides a distinct and early indicator of the health of the retail sector.
About Kronos Incorporated

Kronos is the global leader in workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. Tens of thousands of organizations in 60 countries — including more than half of the Fortune 1000® — use Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. To learn how Kronos uniquely delivers complete automation and high-quality information in an easy-to-use solution, visit www.kronos.com.

© 2009 Kronos Incorporated. Kronos is a registered trademark and Kronos Retail Labor Index is a trademark of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.

Source: Kronos

Tags: Kronos

Kronos

From the floor of its 12th annual KronosWorks� customer conference, Kronos® Incorporated today announced a next generation user interface as part of a vision for the future of workforce management

LAS VEGAS, (November 09, 2009) –

From the floor of its 12th annual KronosWorks(TM) customer conference, Kronos® Incorporated today announced a next generation user interface as part of a vision for the future of workforce management. Based on the idea that users should not have to choose between deep functionality and ease of use, Kronos’ vision is centered around three unique capabilities: instant engagement, guided decisions, and complete control.
News Facts

* Instant engagement – When it comes to personal technology, today’s consumer has come to expect software and devices that are intuitive. Until now, no one has applied those same design principles to business software. The next generation user interface from Kronos is designed around how people work. It is simple, intuitive, and highly functional. It instantly engages managers and employees by providing them with the tools they need, in one dashboard, to effectively do their jobs.
* Guided decisions – The decisions an organization’s frontline managers make every day often dictate the success or failure of the organization. By leveraging Kronos’ rich set of work rules, the next generation user interface quickly and accurately identifies workforce-related issues and guides the user to an appropriate resolution. The net result is that frontline managers make better decisions faster.
* Complete control – Only Kronos gives organizations complete control over how they acquire, deploy, and manage their workforce management solution. With Kronos, customers can buy, rent or rent-to-own the application; deploy the solution in their data center, with a third-party service provider, or with Kronos; and manage their Kronos solution with their own internal staff or with a dedicated team of Kronos professionals. Unlike other vendors, Kronos encourages customers to mix-and-match any of these options in any way they choose.
* Kronos’ next generation user interface will be released in January to early adopters and will be generally available in March.

Supporting Quotes

* Aron Ain, chief executive officer, Kronos
“In the next generation of workforce management, organizations no longer have to sacrifice ease of use for deep functionality. Kronos is committed to providing both. While other workforce management vendors are providing customers with a static map of their labor landscape, Kronos is more like a GPS navigation system, providing guidance on how to avoid potential problems; enabling users to adjust as circumstances change; and guiding users to the best possible destination.”
* Josh Bersin, chief executive officer and president, Bersin & Associates
“When I saw Kronos’ new user interface, my jaw dropped. They have built a truly ‘user-centric’ experience which enables the application to change modalities as a user’s needs change. This is technology that is going to truly re-define the way companies manage their workforce.”

Supporting Resources

* This announcement was made from KronosWorks(TM), the industry’s largest venue for exchanging ideas on how to effectively manage the workforce. KronosWorks is taking place this week in Las Vegas.

About Kronos Incorporated

Kronos is the global leader in workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. Tens of thousands of organizations in 60 countries — including more than half of the Fortune 1000® — use Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. To learn how Kronos uniquely delivers complete automation and high-quality information in an easy-to-use solution, visit www.kronos.com.

© 2009 Kronos Incorporated. Kronos is a registered trademark of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.

Source: Kronos

Tags: Kronos

Kronos

Kronos® Incorporated honored more than 30 customers today for their participation in the 2009 Kronos Spotlight Customer Program

LAS VEGAS (November 09, 2009) –

Kronos® Incorporated honored more than 30 customers today for their participation in the 2009 Kronos Spotlight Customer Program. The Spotlight Customer Program recognizes customers who have promoted the outstanding success they have achieved with Kronos workforce management solutions.
News Facts

* Kronos honored the customers in the spotlight this year at a luncheon held earlier today at KronosWorks(TM), the industry’s largest venue for exchanging ideas in how to effectively manage the workforce.
* The Spotlight Customer Program encourages organizations of all sizes to share stories about how they use Kronos workforce management solutions to control labor costs, minimize compliance risk, and improve workforce productivity.
* Customers receiving this distinction include: Aerotek-Allegis, Aker Philadelphia Shipyard, Banner Health, BJC HealthCare, Buehler’s Fresh Foods, Catholic Health East, Ceradyne Inc., The Co-operative Group, Country Maid, Crotched Mountain Foundation, Dekalb County, The Durst Organization, Essex County Correctional Facility, HCF Management, The High Companies, Holiday Stationstores, Innotech Aviation, Lee County, Magnetek, Marriott International, Martin Memorial Health Systems, Newark School District, Safelite AutoGlass, The Salvation Army Chicago Metropolitan Division, Securitas Security Services USA, Shooting Star Casino, Southwest General Health Center, Stonebridge Companies, SYGMA Network Inc, Tire Kingdom, TriHealth, United Supermarkets, Viraj Profiles India, Virginia Commonwealth University Health System, Wabash National Corporation, and YUM! Brands.

Supporting Quotes

* Aron Ain, chief executive officer, Kronos
“The Spotlight Customer Program has proven to be an excellent vehicle for our customers to share their successes, and in effect help other organizations recognize the possibilities that exist to leverage our workforce management solutions within their own organizations. We are grateful to these organizations for allowing us to publish these inspiring stories of success.”

Supporting Resources

* This announcement was made from KronosWorks, the industry’s largest venue for exchanging ideas in how to effectively manage the workforce. KronosWorks is taking place this week in Las Vegas.
* About Kronos Spotlight Customer Program

About Kronos Incorporated

Kronos is the global leader in workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. Tens of thousands of organizations in 60 countries — including more than half of the Fortune 1000® — use Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. To learn how Kronos uniquely delivers complete automation and high-quality information in an easy-to-use solution, visit www.kronos.com.

© 2009 Kronos Incorporated. Kronos is a registered trademark and KronosWorks is a trademark of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.

Source: Kronos

Tags: Kronos

Kronos Closes Fiscal 2009 with a Surge of Orders

Kronos® Incorporated today announced financial results, company advancements, and customer successes for Fiscal 2009. Kronos revenue for Fiscal 2009 was $672 million. Earnings before interest, tax, and amortization (EBITA) were $143 million.1

CHELMSFORD, Mass., (November 09, 2009) –

Kronos® Incorporated today announced financial results, company advancements, and customer successes for Fiscal 2009. Kronos revenue for Fiscal 2009 was $672 million. Earnings before interest, tax, and amortization (EBITA) were $143 million.1

“We are very pleased with our Fiscal 2009 financial performance. Against the backdrop of a difficult global economy, we were successful in exceeding our expectations for both revenue and earnings,” said Aron Ain, Kronos chief executive officer. “We experienced what appears to be the beginning of a shift in the economy during our fourth quarter, with hundreds of orders and 24 customers spending more than $500,000 for Kronos workforce management solutions. This is a testament that our value proposition is very strong in good times and bad. It is critical for organizations to control labor costs, minimize compliance risk, and improve workforce productivity. As the global leader in workforce management, Kronos is poised for continued success.”
Fourth Quarter News Facts

* In the last quarter of Fiscal 2009, Kronos signed agreements with organizations around the world such as: Caritas Christi Healthcare,the second-largest healthcare system in New England; Carphone Warehouse,Europe’s leading independent retailer of mobile phones; Chesapeake Public Schools in Chesapeake, Virginia; Children’s Medical Center of Dallas,one of the largest pediatric healthcare providers in the nation; County of Clark, the nation’s 15th-largest county; The Co-Operative Group,a United Kingdomconsumers’ co-operative; Covenant Dove,a long-term care organization based in Tennessee; Dallas/Fort Worth International Airport,the world’s third- busiest airport; Esprit, a clothing retailer with 1,000 stores across China; Federal Bureau of Investigation,a federal agency dedicated to protecting the American people;Garmin International, the global leader in satellite navigation;India-based Global Health Private Limited (GHPL), promoted by Dr. Naresh Trehan, provider of high-end healthcare services for integrated medical sciences and holistic therapies; Hanesbrands Inc.,a leading marketer of innerwear, outerwear, and hosiery apparel; Jiondoor Retail China, a grocery retailer with 13 stores in China; Linfox Logistics, provider of supply chain solutions to leading companies in Australia; Midcoast Aviation,a one-stop business jet maintenance, modification, and repair resource; Mississippi State Hospital, a Mississippi Department of Mental Health facility; NestléEgypt, the world’s leading nutrition, health and wellness company; North Shore-Long Island Jewish Health System, the nation’s third-largest, non-profit, secular healthcare system; Savasenior Care Administrative Services,one of the largest providers of short- and long-term healthcare services in the U.S.; Securitas Security Services USA, a knowledge leader in security; Smart&Final LLC, operator of almost 300 stores under the banners of Smart & Final, Smart & Final Extra, Cash & Carry, and Henry’s/Sun Harvest; Smith & Nephew China, developer of advanced medical devices; South Central Ambulance Services NHS Trust, provider of accident and emergency services to residents in Southern England; Stream Global Services, a premium business process outsource (BPO) provider; Tractor Supply,the largest retail farm and ranch store chain in the U.S.; Tufts Health Plan,ranked number two in the country among commercial healthcare plans; Unimarc, a Chilean retailer with 250 stores and 20,000 employees; and University of Texas Medical Branch,an academic teaching hospital with more than 2,500 students and 1,000 faculty.

Fiscal 2009 News Facts

* Product innovation – Kronos continued to invest in research and development during the fiscal year in preparation for its January 2010 launch of the next generation of workforce management designed around three breakthrough capabilities: Instant Engagement, Guided Decisions, and Complete Control. During the year, Kronos also delivered advancements in:
o Workforce Central® – Kronos shipped the latest version of its Workforce Central suite in February. The solution is experiencing high demand for its ease-of-use enhancements and deep functionality. Major advancements in the latest version included enhanced ERP integration; lower total cost of ownership; complete control of various workforce management business processes; and additional global capabilities. As of Nov. 1, more than 220 organizations are live on the latest version of Workforce Central.
o Workforce Acquisition(TM) – The latest versions of the Kronos selection and hiring solution – shipped in March and September – include advanced selection science, functionality to support hiring in the UK, advancements in salaried recruiting, and enhanced on-boarding. During the year, Kronos rolled out its hiring solution to more than 14,500 new locations and processed more than 28 million job applications.
* Large enterprise deployments – Marking the largest and most complex enterprise-wide rollout of a workforce management solution in a retail environment, Kronos completed an implementation of its Workforce Central suite to one of the world’s top 20 retailers. More than 300,000 employees across more than 2,000 stores are now live on the Kronos solution. In addition, during the fourth quarter, another retailer completed the first phase of its rollout to 300,000 employees, and a third retailer completed scalability testing and is now commencing its rollout to 300,000 employees. In both fourth quarter deals, Kronos is replacing competitive systems that were unable to meet the customers’ requirements.
* Global momentum – In spite of the challenging global economy, Kronos international product revenue increased modestly year over year. Kronos gained significant traction in its newest regions – China and India. Kronos has sold nearly 140,000 licenses to 60 local businesses and multinational organizations in these two countries since launching the operations two years ago. The Kronos UK operation achieved record financial performance with several large customer wins in the retail market. Kronos Mexico experienced a record-breaking year, driven by numerous large transactions with global manufacturers and local retailers. Kronos Australia maintained its market-leading position and had a particularly strong fourth quarter. Canada demonstrated noteworthy momentum across targeted verticals, with particular success in the healthcare and retail markets.
* Expansion beyond time and attendance – Kronos’ time and attendance product is widely used by organizations to reduce payroll errors, eliminate payroll rework, and minimize compliance risk. Organizations across a broad range of vertical markets are increasingly extending the use of Kronos solutions to embrace benefits that can be reaped by using absence management, scheduling, human resources, payroll, hiring, and labor analytics applications. Kronos is experiencing increased demand for these strategic applications.
* Unprecedented flexibility – As a result of a series of advancements made during the fiscal year, Kronos now gives customers complete control over how they acquire, deploy, and manage their workforce management applications.
o Customers choose how to pay for the software: a perpetual license; rent on a monthly basis; or rent for a period of time and then move to a perpetual license.
o Customers choose where to deploy the software: in their data center, with a third-party service provider, or with Kronos.
o Customers decide who manages the software: use their IT staff or rely on Kronos’ experienced team.
o Kronos is experiencing momentum across all of these options as organizations select various combinations that meet the needs of their HR, IT, Operations, and Finance departments.

About Kronos Incorporated

Kronos is the global leader in workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. Tens of thousands of organizations in 60 countries — including more than half of the Fortune 1000® — use Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. To learn how Kronos uniquely delivers complete automation and high-quality information in an easy-to-use solution, visit www.kronos.com.

© 2009 Kronos Incorporated. Kronos and Workforce Central are registered trademarks and Workforce Acquisition is a trademark of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.

Footnote 1: Revenue excludes purchase accounting adjustments related to the company going private in June 2007 and its acquisition of Unicru and Captor businesses in 2006 and 2007. EBITA excludes purchase accounting adjustments, FAS 123R charges, and non-recurring one-time charges.

Source: Kronos

Tags: Kronos