October 22, 2014 4:09 AM ET

Internet Software and Services

Company Overview of Kronos Incorporated

Company Overview

Kronos Incorporated provides workforce management solutions in cloud to businesses, schools, governments, and healthcare providers in the United States and internationally. The company offers time and attendance, scheduling, absence management, human resource and payroll, hiring, and labor analytics applications. It also provides implementation services, educational services, support services, cloud services, and optimization services. The company was founded in 1977 and is based in Chelmsford, Massachusetts.

297 Billerica Road

Chelmsford, MA 01824

United States

Founded in 1977

3,400 Employees

Phone:

978-250-9800

Fax:

978-367-5900

Key Executives for Kronos Incorporated

Founder and Chairman of the Board of Directors
Age: 71
Chief Financial Officer
Age: 50
Chief Services Officer and Senior Vice President of Operations
Age: 44
Vice President and General Counsel
Chief Marketing Officer and Senior Vice President
Age: 55
Compensation as of Fiscal Year 2014.

Kronos Incorporated Key Developments

Kronos Incorporated Adds Enhancements to the Production Labor Tracking Solution Within its Workforce Central Workforce Management Suite

Kronos Incorporated added enhancements to the production labor tracking solution within its Workforce Central workforce management suite. The new enhancements extend existing Kronos capabilities beyond the plant floor, allowing manufacturers to track projects performed by salaried employees in addition to hourly employees. In addition to identification of nonproductive time and detection of bottlenecks, the production labor tracking solution provides manufacturers with actual labor cost data, helping them manage profit margins through improved understanding of production and project labor costs. The new enhancements provide more detailed activity tracking data. Additional benefits include Reconciliation of all employees' paid time to production time, Roll-up reporting of daily totals of hours, costs, charges, and wages for each activity including production work order, project work, and Accurate production labor cost estimations and labor productivity measurement. Kronos production labor tracking is also available via mobile devices, allowing on-the-go, real-time access.

Kronos Incorporated Announces Release of Kronos Workforce Ready Suite

Kronos Incorporated announced the latest release of its Kronos Workforce Ready suite, which delivers enterprise-class workforce management solutions in the cloud to small and midsize businesses (SMBs). The latest release of Workforce Ready includes powerful enhancements in time and attendance, human resources, and payroll. The features are Workforce Ready automates core HR and talent management functions in one integrated system through superior functionality including, Enterprise-class recruitment delivers a personalised view for online applicants and tools to streamline the hiring process, such as job requisition workflows, checklists, configurable email templates, new reports, and dashboard views, Customized, automated onboarding to speed time to productivity with checklists, timelines, workflows, and the ability to input unique company documentation for paperless HR Complete compensation management add-on module that helps organizations plan, budget, and model merit increases and allocations, and Benefits management and new employee self-service options to ensure accuracy and ease of use while making enrollment less time-consuming, especially during the open enrollment period. Workforce Ready now includes even more robust global capabilities including Multi-lingual support and biometric identification enabling employees to select their desired language from the Kronos InTouch main menu and punch in or out using their finger-scan impression without having to provide a badge or employee number, and Global labor management features tied to specific countries where Workforce Ready is available, including U.S. Occupational Safety and Health Administration (OSHA) report filters and state-specific labor laws, Canadian holiday entitlement calculations, and age-specific /income-specific pension activation as well as pay prep calculations in days and hours designed for European Countries.

Kronos Incorporated Launches Workforce Forecasting Solution for Predictive Scheduling in Healthcare

Kronos Incorporated announced a forecasting application that predicts fluctuating demand by leveraging historical volume data by day, week, month, and shift. Healthcare organizations can use this application to deliver an accurate workload plan and build the foundation of a predictive scheduling process. A new application available within the Kronos Workforce Central(R) suite of workforce management applications for healthcare organizations, Workforce Forecast Manager(TM) uses sophisticated predictive algorithms to generate intelligent labor forecasts by pulling real-time data from admission, discharge, and transfer systems, and/or bed tracking systems. The predicted census volume that is generated automatically feeds into the Kronos scheduling application to help ensure that resources are properly scheduled to meet fluctuating demand, reduce reliance on overtime, and minimize canceled shifts. By leveraging this new application, managers will spend less time making schedule adjustments and increase their productivity -- while improving employee satisfaction. Traditionally, hospitals have scheduled to static, budgeted census, often resulting in inadequate schedules that require numerous daily staffing changes. At a time when healthcare organizations are focused on delivering quality outcomes while reducing costs, Workforce Forecast Manager aides in controlling costs through alignment of labor resources with predictable fluctuations in workload demand. This new application improves workforce productivity by accurately anticipating demand and supporting the proactive labor resource scheduling to meet that demand. As labor resources are scheduled with increased accuracy, the solution enhances a healthcare organization's ability to provide quality care and improve the safety and satisfaction of patients and staff members.

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