Tag: "Kronos"

Kronos

Aug 12, 2009 | Computer Software, Technology | 0 comments

CHELMSFORD, Mass. (August 12, 2009) – Kronos® Incorporated today announced financial results, company advancements, and customer successes for the third quarter of Fiscal 2009. Kronos revenue for the quarter was $164.6 million. Earnings before interest, tax, and amortization (EBITA) were $37.7 million.1

“In the midst of a difficult environment, we are pleased to report that our third-quarter results were in line with our expectations,” said Aron Ain, Kronos chief executive officer. “We are encouraged to continue seeing organizations explore workforce management solutions as a way to control labor costs, minimize compliance risk, and improve workforce productivity. Considering the health of our pipeline and the investments that we’re making in product innovation and global expansion, we believe we are uniquely positioned for success as the economy recovers.”
News Facts

* More than 600 organizations have already purchased the latest version of the Kronos Workforce Central® suite. Released just five months ago, Workforce Central 6.1 is in high demand for its ease-of-use enhancements and deep functionality. Major advancements include enhanced ERP integration; lower total cost of ownership; complete automation of various workforce management business processes; and additional global capabilities.
* Demand for high-quality information and complete automation of workforce management processes is driving interest in Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. Some of the organizations who purchased Kronos this quarter include:
o Atlas Roofing Corporation, a leading global manufacturer of residential and commercial building materials, replaced its previous system with time and attendance from Kronos, which will be managed and hosted by Kronos.
o Banner Health, one of the nation’s largest non-profit healthcare systems, selected labor analytics and absence management to complement its existing time and attendance and scheduling solution from Kronos for its 35,000 employees.
o BevMo, the leading alcoholic beverage lifestyle superstore in the western U.S., purchased selection and hiring software to complement its Kronos time and attendance solution in an effort to hire the best people and maximize their performance.
o Capella Healthcare Inc., operator of 13 hospitals throughout the U.S., invested in time and attendance solutions for its 6,500 employees. Hospitals in the Capella network will replace disparate time and attendance solutions with Kronos to reduce costs and streamline workforce management processes.
o Evansville Vanderburgh School Corporation, a K-12 school district in southern Indiana, selected Kronos to automate time and attendance and absence management for its 3,000 employees.
o Hampton City School District purchased time and attendance and absence management to manage its 5,500 employees in 37 schools. Kronos was selected because of its ability to eliminate error-prone manual processes and minimize compliance risk. Kronos replaces the school district’s previous time and attendance system from an ERP vendor.
o Hope Community Resources, Alaska’s largest provider of services to individuals who experience a disability, purchased time and attendance, absence management, labor analytics, and human resources solutions for its 850 employees.
o St. John’s County Sheriff’s Office purchased time and attendance, absence management, and analytics to better manage its 800 employees and eliminate unnecessary overtime costs.
o A leading office furniture manufacturer purchased 4,500 employee licenses of time and attendance and absence management. The solution replaces another vendor’s time and attendance solution which failed to provide the manufacturer with visibility into workforce trends.
* Global demand remains strong despite the weak economy
o The UK had a very strong quarter with significant investments from The Co-operative Group, a UK grocery chain continuing its rollout of Kronos across more than 2,300 locations; and a new contract with Sports Direct, the UK’s leading sports retailer which purchased time and attendance for more than 400 stores across the UK and Europe.
o Customer wins in China included Volkswagen FAW Engine (Dalian) Co., which purchased time and attendance, absence management, and data collection terminals for 600 employees.
o Customer wins in Australia included Southern Cross Care (SA) Inc, providers of aged care accommodation, and Eastern Regional Libraries, provider of library resources and services to residents across three municipalities, both of which purchased Workforce Central upgrades.
o Customer wins in India included Eaton, a leading global diversified industrial manufacturer which purchased time and attendance and absence management; and Bombardier Transportation, a global leader in the rail sector with a presence in 60 countries which purchased workforce management solutions to automate time and attendance and shop floor labor processes.

Source: Kronos

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Kronos

Aug 10, 2009 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

Kronos® Incorporated today announced an overwhelmingly enthusiastic response to version 6.1 of its Workforce Central® suite

CHELMSFORD, Mass. (August 10, 2009) –

Kronos® Incorporated today announced an overwhelmingly enthusiastic response to version 6.1 of its Workforce Central® suite. Released in February, Workforce Central 6.1 includes hundreds of features and ease-of-use enhancements that underscore Kronos’ commitment to deliver solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. More than 600 organizations have selected 6.1 and nearly 100 customers are already live on the new version.
News Facts

* Enhanced ERP Integration — Enhanced ERP integration is a key motivator for customers to upgrade. Many organizations are finding that the “free” time and labor solutions offered by their ERP vendors require complicated, time-consuming, and costly customization to meet even the most basic requirements.
* Low Total Cost of Ownership — Kronos invested heavily in 6.1 to expand the list of supported third-party tools, streamline ongoing maintenance, and significantly reduce the size of its application footprint. New integration and device management tools eliminate the need for dedicated servers and support for various system monitoring tools allows organizations to leverage their existing infrastructure and minimize support costs.
* Complete Automation — Workforce Central 6.1 enables organizations to completely automate their workforce management processes. Unique features that only Kronos offers provide organizations with real-time information to help them make better decisions. Examples include:
o Workforce Alerts(TM) which proactively minimize compliance risk and control overtime costs by identifying employees who are about to violate a work rule or accrue overtime and alerting a manager to the situation so they can rectify it.
o Workforce Worksheet(TM) which allow users to easily and securely bring Kronos and third-party data into the Microsoft Excel environment to format, summarize, chart, and analyze labor information.
* Global Ready –Workforce Central 6.1 strengthens Kronos global capabilities and delivers enhancements such as an expanded library of languages; support for a broad range of local government regulations and business practices; and a new multi-currency feature which allows organizations to manage currency at both a local and corporate level.

Supporting Quotes

* Mary Jane Febonio, manager of business systems, Gorton’s seafood company
“We are a long-time Kronos customer, having managed our time and labor with Kronos for more than 13 years. One of the key factors in deciding to upgrade to 6.1 is that it is easy to do. 6.1 will give us a more individualized look and feel and we are excited about the enhanced Business Intelligence (BI) reporting which will fit in nicely with our own BI strategy.”
* Peter Youngblood, vice president, finance and administration, Pellerin Minor Corporation
“Workforce Central 6.1 provides us with visibility into managing our labor in a way that out-of-the-box ERP solutions just can’t. Kronos extends the value of our ERP solution, enabling us to better manage labor to business volume and ultimately make better real-time decisions.”
* Marc Schneider, information technology manager, Cascade Healthcare Community
“With the upgrade to version 6.1, we reduced the number of servers needed to run Kronos from three to two. In doing this, we have saved significant time and money and increased the productivity of our employees.”

Supporting Resources

* For more information call (800) 225-1561 or visit www.kronos.com.

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

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Labor Noncompliance Rampant in Retail Market

Jul 27, 2009 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

Eye-opening research to be revealed during July 28 webinar

CHELMSFORD , Mass. (July 27, 2009) –

According to a new study from AMR Research, retailers are at high risk of labor noncompliance, such as government labor regulations and collective bargaining agreements. The study found that more than 50 percent of retailers have been found noncompliant with federal, state, and union regulations in the last 12 months. A July 28 webinar hosted by Kronos® Incorporated will present quantitative data about compliance risks and explore how workforce management solutions can help minimize risk for retailers.
News Facts

* The AMR Research study also found that:
o 47 percent of retailers receive complaints from employees regarding time and attendance data
o The average fine for noncompliance lawsuits in the last 12 months was $250,000
o 82 percent of time and attendance data corrections are made by someone other than the employee
o Retailers report a 3.5 percent decrease in payroll costs as a result of implementing a workforce management solution
o Retailers report that 3.8 percent of sales are lost due to non-optimized labor scheduling
* Failing to comply with labor regulations can lead to serious financial consequences and other repercussions such as: noncompliance lawsuits with substantial payouts for back pay and fines, audits by the Department of Labor and other agencies, reputation damages, union grievances, and employee-relations problems that result in low morale and costly turnover.
* Using a Kronos time and attendance, scheduling, absence management, or hiring solution to automate workforce management processes can help reduce compliance headaches and minimize associated risks through centralized policy administration, local policy application, and detailed audit tracking.
* Kronos now offers a new Compliance Support Kit (CSK), which helps organizations more easily comply with state, local, union, and company policies, and protects retailers against grievances related to managers “shaving time”. A specific timecard attestation tool requires that employees approve their timecard if any edits have been made. By accessing real-time labor data including missed punches, breaks, and overtime status at the Kronos 4500(TM) data collection terminal or online using a web-based tool, managers can take corrective actions to resolve potential issues leading to noncompliance.
* The “AMR Research Study: Labor Compliance and Management” webinar will be held at 1:30 p.m. Eastern on Tuesday, July 28. Speakers include Janet Sherlock, research director of retail at AMR Research, as well as speakers from Payless ShoeSource. Register here: Compliance Webinar Registration.

Supporting Quotes

*
Janet Sherlock, research director, retail, AMR Research
“According to the study, the average noncompliance fine over the last 12 months was $250,000. Minimizing this risk alone can justify the purchase of an automated workforce management solution.”
*
Kara Barker, director, retail industry marketing, Kronos
“Retailers cannot afford to ignore labor compliance. We strongly encourage at-risk retailers to explore how achieving complete automation of workforce management processes can alleviate a myriad of compliance concerns.”

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 4500 is a trademark of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.

Source: Kronos

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Manufacturers Turn to Kronos

Jul 13, 2009 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

The ability to easily track and manage employee time and attendance in real time is a deficiency that has existed in ERP systems for years. To fill this void, manufacturers are turning to Kronos® Incorporated.

CHELMSFORD, Mass. (July 13, 2009) –

The ability to easily track and manage employee time and attendance in real time is a deficiency that has existed in ERP systems for years. To fill this void, manufacturers are turning to Kronos® Incorporated.
News Facts

* Nucleus Research has found that organizations achieve a greater ROI by adopting Kronos rather than ERP products for time and attendance because they can deploy faster, better reduce their payroll error rate, and reduce application costs.
* Because ERPs cannot provide real-time insight to machines, labor, and Work-in-Process (WIP), labor-related problems can go undetected and unresolved for days. Kronos provides information that is granular, real time, and comprehensive, so users always know they’re working with the most current and valuable information regarding their workforce.
* Most manufacturers have pay rule environments with complexity, such as multiple states, shift differentials, and collective bargaining agreements. Many manufacturers have found that ERP systems cannot handle this complexity without costly customization.
* Manufacturers such as Briggs & Stratton Power Products, Georgia-Pacific, STIHL, and Wabash National Corporation use Kronos time and attendance solutions to extend the value of their ERP investment.

Supporting Quotes

* John Russo , senior business systems analyst, Elliott Company
“By interfacing our Kronos time and attendance and activities applications with our ERP system for updates every 15 minutes, supervisors can view real-time data on jobs, operations, work centers, labor hour standards, and labor expended. The Kronos solution seamlessly interacts with our Oracle ERP system.” Elliott Company is a large capital goods manufacturer serving a worldwide market.
* Cheng Wen, CIO, Heat and Control, Inc.
“While our ERP system has provided us value with a range of back-office processes, we realized that we needed a best-of-breed time and attendance solution to truly drive performance. Since implementing Kronos, we haven’t worried about costly customization, and have enjoyed substantial bottom-line results.” Heat and Control, one of the world’s leading manufacturers of food processing and packaging equipment, uses Kronos in Australia, China, Mexico, and the U.S.
* Barbara Pittman, HRIS manager, Northwest Pipe Company
“We have dispersed locations and a diverse set of employees and there is one product that has an expectation of 100-percent quality and on-time delivery every time – the paycheck. The more pay rules a time and attendance system can handle, the greater the reduction in payroll error. This is why we opted for Kronos.” Northwest Pipe Company, manufacturer of welded steel pipe and other products, is headquartered in Vancouver, Wash., and has 10 manufacturing facilities across Mexico and the U.S.
* Gregg Gordon, senior director of manufacturing industry marketing, Kronos
“Many manufacturers who use ERP systems are coming to realize that their payroll system is only as good as the data that goes into it. Time and attendance data collection is a common weak point in any corporate infrastructure, one that usually escapes detection and can leak hundreds, thousands, or even millions of dollars each year. Kronos can help by extending the value of an ERP system. We help manufacturers control labor costs, minimize compliance risk, and improve workforce productivity.”

Supporting Resources

* i121 – Report – “Extend the Value of Oracle to Labor Management,” Nucleus Research, 2009 (see Report)
* Kronos offers an integration tool, which makes it easy for organizations to integrate Kronos applications with existing ERP, payroll, and human resources systems (see “Kronos Announces Availability of Workforce Central 6.1”)
* Kronos offers a machine resource tracking capability for manufacturers (see Kronos Enables Manufacturers to Reconcile Labor and Machine Utilization to Drive Operational Efficiency)

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

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Banner Health Extends Use of Kronos

Jul 06, 2009 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

Banner Health has extended its use of workforce management solutions from Kronos® Incorporated to include labor analytics and absence management

CHELMSFORD, Mass. (July 06, 2009) –

Banner Health has extended its use of workforce management solutions from Kronos® Incorporated to include labor analytics and absence management. By using the business intelligence and leave management software to make smarter decisions about its 35,000-employee workforce, the longtime user of Kronos time and attendance and employee scheduling applications expects to achieve additional cost savings of $30 million in six years.
News Facts

*
Banner Health conducted an extensive search for a labor analytics solution and selected Kronos because of its ease of use, functionality, tight integration capabilities, knowledgeable consultants, and quick payback.
*
With a projected payback on the IT investment in 18 months, and $30 million savings projected over six years, the selection team at Banner secured rapid approval for the Kronos solution. Senior corporate management, as well as leadership from nursing, finance, and management engineering unanimously selected Kronos.
*
Using integrated time and attendance, scheduling, absence management, and labor analytics applications from Kronos provides real-time visibility into workforce performance issues, and enables frontline managers to take action promptly to control labor costs and improve productivity.
*
The Kronos solution will be used by all 35,000 Banner Health employees across every department in its 22 hospitals and healthcare facilities.
*
Kronos offered Banner Health a no-interest capital lease to help the organization balance the software expenditure with other pressing clinical investments.

Supporting Quotes

*
David Kaubisch, vice president of finance, Banner Health
“Tracking time, scheduling employees, and gaining real-time visibility into labor analytics data from a single, integrated solution will help us make decisions that positively impact labor budgets and productivity. Having achieved significant cost savings with Kronos before, we are confident that we will deliver the projected ROI on time.”
*
Brian Graves, global practice leader of healthcare, Kronos
“Our labor analytics solution enables healthcare organizations to make quick, timely adjustments to labor levels and fluctuating patient volume, and thereby helps control labor costs, improve productivity, and minimize compliance risk. We are excited to see Banner Health not only implement the solution but also embrace the best practices of workforce management through the integration of analytics with other critical workforce business processes.”

Supporting Resources

*
About Banner Health
*
About Kronos Analytics for Healthcare

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

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Banner Health Extends Use of Kronos

Jul 06, 2009 | Computer Software, Technology | 0 comments

CHELMSFORD, Mass. (July 06, 2009) – Banner Health has extended its use of workforce management solutions from Kronos® Incorporated to include labor analytics and absence management. By using the business intelligence and leave management software to make smarter decisions about its 35,000-employee workforce, the longtime user of Kronos time and attendance and employee scheduling applications expects to achieve additional cost savings of $30 million in six years.
News Facts

*
Banner Health conducted an extensive search for a labor analytics solution and selected Kronos because of its ease of use, functionality, tight integration capabilities, knowledgeable consultants, and quick payback.
*
With a projected payback on the IT investment in 18 months, and $30 million savings projected over six years, the selection team at Banner secured rapid approval for the Kronos solution. Senior corporate management, as well as leadership from nursing, finance, and management engineering unanimously selected Kronos.
*
Using integrated time and attendance, scheduling, absence management, and labor analytics applications from Kronos provides real-time visibility into workforce performance issues, and enables frontline managers to take action promptly to control labor costs and improve productivity.
*
The Kronos solution will be used by all 35,000 Banner Health employees across every department in its 22 hospitals and healthcare facilities.
*
Kronos offered Banner Health a no-interest capital lease to help the organization balance the software expenditure with other pressing clinical investments.

Supporting Quotes

*
David Kaubisch, vice president of finance, Banner Health
“Tracking time, scheduling employees, and gaining real-time visibility into labor analytics data from a single, integrated solution will help us make decisions that positively impact labor budgets and productivity. Having achieved significant cost savings with Kronos before, we are confident that we will deliver the projected ROI on time.”
*
Brian Graves, global practice leader of healthcare, Kronos
“Our labor analytics solution enables healthcare organizations to make quick, timely adjustments to labor levels and fluctuating patient volume, and thereby helps control labor costs, improve productivity, and minimize compliance risk. We are excited to see Banner Health not only implement the solution but also embrace the best practices of workforce management through the integration of analytics with other critical workforce business processes.”

Supporting Resources

*
About Banner Health
*
About Kronos Analytics for Healthcare

Source: Kronos

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Kronos

Jun 29, 2009 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

Federal agencies to manage and report more effectively with enhanced configurability and functionality in a fully automated workforce management solution

CHELMSFORD, Mass. (June 29, 2009) –

The new administration’s emphasis on transparency and accountability highlighted by the American Recovery and Reinvestment Act (ARRA) has set unprecedented standards that every federal agency using the stimulus funds, or not, must meet. To help federal agencies address this issue, Kronos® Incorporated is adding new functionality to webTA(TM), a software application for automated tracking and management of the federal workforce.
News Facts

* Federal agencies are in a state of flux with tightening budgets and other factors. Accommodating new transparency requirements is an additional challenge. To help agencies meet the demands of the current environment, the latest version of webTA will offer a new architecture that:
o Facilitates rapid responsiveness to current demands by making it easy for users to implement changes in the system. This is possible as webTA is configurable and helps users manage it to suit their unique agency needs without disrupting core functionality or spending time and resources on costly and error-prone custom coding.
o This capability will allow federal agencies to track specific activities at a granular level by easily adjusting pay rules within the system to meet ARRA requirement of reporting activities for which the stimulus money is used.
* Accurate data acquisition and timely reporting through automation of processes will also help agencies enhance productivity. Additionally, webTA is auditable and supports hundreds of complex pay rules, which will help control labor costs and minimize compliance risk.
* Kronos will offer a migration service including solution and training assessments along with the data, configuration, and training specifications required for the transition. Online tutorials will enable more rapid roll-out to the user community at each agency.
* The latest version of webTA is scheduled for availability in August.
* More than 650,000 federal employees currently use Kronos. Federal agencies including the Agency for International Development; Department of Agriculture; Department of Commerce; Department of Homeland Security; Department of Housing and Urban Development; and the Smithsonian Institution use Kronos to automate time, attendance, and leave data entry processes.

Supporting Quotes

* Jeff Babcock, vice president and general manager, Kronos federal division
“This new direction for the webTA family of offerings is building a ubiquitous computing environment where an employee or supervisor will have anytime, anywhere access to quality information. The new architecture creates a platform that enables webTA to be more agile in supporting unique agency needs while maintaining full base functionality for all users. With the challenges of transparency and accountability as well as managing ARRA funding, webTA is positioned well to support the needs of our customers today and into the future.”

Supporting Resources

* Kronos Federal Division www.kronos.com/federal

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

Source: Kronos

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“Gaming the Clock” Survey Finds That Many Employees Admit to Cheating on Timesheets

Jun 15, 2009 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

A new survey commissioned by The Workforce Institute at Kronos® Incorporated and conducted by Harris Interactive reveals that 21 percent of hourly workers have cheated on their timesheet to gain extra pay from their employer

CHELMSFORD, Mass. (June 15, 2009) –

A new survey commissioned by The Workforce Institute at Kronos® Incorporated and conducted by Harris Interactive reveals that 21 percent of hourly workers have cheated on their timesheet to gain extra pay from their employer. The “Gaming the Clock” survey indicates that employers who use outdated workforce management methods are at risk of significant payroll inflation.
News Facts

*
21 percent of respondents who are compensated with an hourly wage admit to “gaming the clock” (cheating on their timesheets)
*
Of the total number of respondents who state that they game the clock, 69 percent admit to punching in earlier or punching out later than scheduled
*
22 percent admit to adding additional time to their timesheet
*
14 percent say that they don’t punch out for unpaid lunches or breaks
*
Five percent admit to having someone punch them in or out (“buddy punching”)
*
35 percent of respondents who receive an hourly wage stated that their employers use paper timesheets to keep track of employee time worked
*
According to a Nucleus Research report, organizations with manual time and attendance systems typically incur unnecessary payroll costs upwards of 1.2 percent of their total payroll costs due to inaccurate application of pay rules, as well as human errors. For example, an organization that has annual payroll costs of $50 million could save more than $600,000 per year if they automated the collection of employee time.1
*
Along with providing immediate cost savings by reducing time-consuming processes and costly payroll errors, an automated workforce management system can also empower organizations with the information they need to uncover significant labor cost savings. A recent Diagnostic Assessment analysis by Kronos of more than 19 months of timekeeping history for a manufacturer with approximately 6,800 employees uncovered more than $20 million in cost savings overall including $3.6 million in gaming the clock-type abuse.
*
When researching the purchase of a workforce management solution, organizations should ask vendors about the potentially hidden costs of
customization; whether the time and labor data is provided in real-time or in batch fashion; and how intuitive and easy to use the product is.

Supporting Quotes

*
Joyce Maroney, director of The Workforce Institute, Kronos
“If 21 percent of workers admit to gaming the clock, the actual percentage of workers engaging in this type of behavior is likely much higher. Employers are not only losing money by paying for time not worked, but may also be increasing their risk of non-compliance with federal labor legislation such as FLSA, FMLA, and state regulations such as California meal and break laws.”
*
Joyce Maroney, director of The Workforce Institute, Kronos
“A workforce management system, properly installed and managed, can lead to greater employee satisfaction and engagement. No one likes to be paid incorrectly and an organization thrives when employees can be assured that everyone is being compensated fairly.”
*
Jim Kizielewicz, senior vice president and chief marketing officer, Kronos
“Not all workforce management solutions are created equal. Organizations that choose an ERP system to manage time and labor may find that payroll inflation remains a problem because these solutions are expensive to customize and only automate a portion of a company’s pay policies. Lack of real-time processing and an awkward user interface also limits the ability to quickly identify problem areas.”

Supporting Resources

*
About Harris Interactive

Survey Methodology

This “Gaming the Clock” survey was conducted online within the U.S. by Harris Interactive® via its QuickQuerySM online omnibus service on behalf of The Workforce Institute at Kronos Incorporated between January 30 and February 3, 2009 among a nationwide sample of 2,241 U.S. adults aged 18 and over among whom 1,265 were employed full-time or part-time. 681 of those were compensated with an hourly wage. Data were weighted using propensity score weighting to be representative of the total U.S. adult population on the basis of region, age within gender, education, household income, race/ethnicity, and propensity to be online.
About The Workforce Institute

The Workforce Institute was founded by Kronos Incorporated in 2006 as a think tank to provide research and education on critical workplace issues facing organizations around the globe. By bringing together thought leaders, The Workforce Institute is uniquely positioned to empower organizations with the knowledge and information they need to manage their workforce effectively and provide a voice for employees on important workplace issues. A hallmark of The Workforce Institute’s research is balancing the needs and desires of diverse employee populations with the needs of organizations. For additional information, visit www.workforceinstitute.org.
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 The Workforce Institute is a trademark of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.

Footnote 1. “G45 – ROI Evaluation Report – Kronos Workforce Timekeeper,” Nucleus Research, 2006.

Source: Kronos

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Kronos

Jun 12, 2009 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

Kronos® Incorporated customers Anna Marie Butrie, vice president of operations improvement and Debbie Coakley, director, at Catholic Health East (CHE), will present a strategic session on how CHE achieved significant efficiencies and cost savings through a successful productivity improvement pr

USA (June 12, 2009) –

What:

Kronos® Incorporated customers Anna Marie Butrie, vice president of operations improvement and Debbie Coakley, director, at Catholic Health East (CHE), will present a strategic session on how CHE achieved significant efficiencies and cost savings through a successful productivity improvement program. Butrie and Coakley will discuss the specific steps that CHE took to achieve labor cost savings.

When:

Monday, June 15th at 2:45 p.m.

Where:

ANI 2009 Healthcare Finance Conference
Washington State Convention and Trade Center, Seattle, Wash.
Kronos is exhibiting in booth #429

Why:

With $1.6 billion in annual acute care hospital salaries and benefits expenses for 54,000 employees across 11 states, CHE’s senior management determined that an enterprise-wide productivity improvement program was needed to manage labor expense. By implementing a system-wide productivity program and facilitating the sharing of comparative reports and best practices, CHE improved workforce productivity and controlled labor costs. The success of the program is based on standardized infrastructure definitions and an automated tool (Kronos Visionware). With the healthcare industry significantly impacted by macro-economic conditions for the first time in decades and labor costs remaining high, attendees will learn about CHE’s effective labor management program.
About Catholic Health East

Catholic Health East is a multi-institutional Catholic health system, which is co-sponsored by 9 religious congregations, and Hope Ministries, a Public Juridic Person within CHE. Based in Newtown Square, Pennsylvania, the System provides the means to ensure the continuation of the Catholic identity and operational strength of the sponsors’ health ministries, which are located within 11 eastern states from Maine to Florida. The System includes 34 acute care hospitals, four long term acute care hospitals, 25 freestanding and hospital-based long term care facilities, 14 assisted living facilities, four continuing care retirement communities, eight behavioral health and rehabilitation facilities, 32 home health/hospice agencies, and numerous ambulatory and community-based health services. CHE facilities employ approximately 54,000 full-time employees as partners in ministry.
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

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Survey Highlights Current Challenges in Federal Government Employee Workforce Data Tracking and Reporting

Jun 11, 2009 | Computer & Electronics, Computer Software, Internet, Technology | 0 comments

As ARRA presses more transparency, agencies need to leverage tracking systems for accuracy

CHELMSFORD, Mass. (June 11, 2009) –

Kronos® Incorporated today announced the results of a survey it sponsored with the Government Business Council to explore current issues facing federal agencies that must track and report on funding received through the American Recovery and Reinvestment Act (ARRA).
News Facts

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The “American Recovery and Reinvestment Act: New Requirements for Tracking and Reporting Federal Workforce Data” survey found that top concerns among participants include:
o How do we accurately track and report on the ways ARRA funds are used?
o Can the information be audited?
o How difficult is it to gather the information and quickly report it?
o Is the funding spent on contracting resources as well as federal employees?
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Other findings include:
o A majority of respondents agree that accurate reporting is key to successful agency operations and many believe that their agencies will need to overcome new challenges due to the ARRA goals of accountability and transparency.
o Many agencies still rely on multiple, disparate systems to track and report on time and attendance and absenteeism, which can lead to errors, inefficiencies, and missed opportunities to use data strategically.
o Most agencies have a limited ability to track contractors’ time and attendance information.
o The federal workforce is in a state of flux. With a shift in focus on the use of contractors, upcoming retirements, and tightening budgets, agencies are tasked with more difficult decisions within a more demanding timeframe.
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175 federal program managers participated in the survey.
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Kronos is hosting a webinar about ARRA and the tracking and reporting of federal workforce data at 2:00 p.m. on June 18. Register here.

Supporting Quotes

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Jeff Babcock, vice president and general manager, Kronos federal division
“These survey findings confirm what we believe are serious challenges faced by federal agencies today. While ARRA is designed to reinvigorate our economy, it adds a layer of complexity to the tracking and reporting of time and attendance data for federal workers. With 60 federal agency customers and 650,000 federal employees using our workforce management solutions, Kronos is well-positioned to help federal agencies simplify the complexities involved with complying with accountability and transparency requirements.”

Supporting Resources

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Kronos in the federal government: www.kronos.com/federal.

About the Government Business Council

As Government Executive Media Group’s research and thought leadership division, the Government

Business Council (GBC) is dedicated to advancing the business of government through analysis, insight and the sharing of best practices. By leveraging Government Executive’s proven credibility with senior federal decision-makers and its dedicated research capabilities, the GBC is uniquely positioned to develop comprehensive research on the federal government.
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

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