Category: Internet

Kronos

Kronos® Incorporated today announced significant momentum in Mexico and Latin America, with 200 percent year-over-year growth in revenue

CHELMSFORD, Mass., (September 21, 2009) –

Kronos® Incorporated today announced significant momentum in Mexico and Latin America, with 200 percent year-over-year growth in revenue. Kronos also announced that it has hired industry veteran Gabriel Alvarado to manage and expand its Mexico operations.
News Facts

* Gabriel Alvarado comes to Kronos with more than 20 years of experience building and driving sales in the high-tech industry. Most recently, he served as SAP’s vice president for the small- and mid-size enterprise market in Mexico and Central America. Prior to SAP, he spent 13 years at Symantec leading operations in Mexico and Latin America.
* Kronos has nearly 200 customers in Mexico including Casa Ley, Chedraui, and Volkswagen.
* Kronos entered the Mexican market in 1995 and now operates an office in Mexico City with more than 30 employees.
* Increasingly, many Kronos customers have been eager to expand their operations into Mexico because of the strong manufacturing environment and attractive cost structure. Kronos’ more than 10 years of experience in the region, combined with a strong, satisfied customer base and talented employees, have enabled the company to capitalize on this customer demand.

Supporting Quotes

* Mick Adamson, vice president, international operations, Kronos

“We see a tremendous opportunity for growth in Mexico and Latin America as organizations expand operations and seek to control labor costs, minimize compliance risk, and improve workforce productivity. With Gabriel’s leadership, we are poised to seize this opportunity for growth.”
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

Essex County Correctional Facility Goes Live with Kronos

Workforce management solutions deployed to help save public safety jobs and meet budget goals

CHELMSFORD, Mass. (September 15, 2009) –

A long-standing user of the time and attendance solution from Kronos® Incorporated, the Essex County Correctional Facility in Massachusetts recently went live with Kronos employee scheduling and HR and payroll solutions, and achieved an immediate, 90-percent reduction in overtime-related costs. The organization projects $1 million savings over 12 months with Kronos by accurately tracking, scheduling, and managing its workforce.
News Facts

* Faced with a $1.2 million state budget reduction in the middle of the fiscal year, the Essex County Correctional Facility needed to automate critical workforce business processes to control costs and subsequently save public safety jobs.
* Kronos configured the solutions, trained employees, provided support, and helped the correctional facility achieve the 90-percent reduction in overtime-related cost savings within one month of implementation of the new solutions. The facility paid $13,000 in overtime fees in March 2009 compared to $95,000 in February 2008. The increased visibility and control over data has delivered increased savings each month. In June 2009, the overtime expense was only $7,000 compared to $102,000 in June 2008.
* The Kronos solution generates a daily absenteeism and overtime report, which enables the sheriff to track overtime by the hour and make adjustments to avoid the added expense of overtime.
* Using the Kronos 4500 Touch ID(TM) biometric terminal, the facility has also eliminated buddy punching (the costly act of employees punching in for one another).
* The correctional facility implemented a new five-and-two workweek (five work days in a row with two days off) for the officers, replacing its older four-and-two workweek. The new workweek schedule supported by Kronos is adding thousands of additional shifts per year to eliminate overtime, resulting in cost savings of $500,000 from this schedule change alone for the remainder of the fiscal year.
* Kronos solutions are supporting changes implemented by the management team to meet the revised budget goals including unpaid days for senior staff, reduced workweeks for some employees, and a workweek schedule change for correctional officers.

Supporting Quotes

* Frank Cousins, Jr., Essex County Sheriff
“With 80 percent of our budget consisting of salaries and benefits, we had to take serious measures to save public safety jobs when faced with a significant budget reduction in February 2009. By utilizing Kronos to effectively and efficiently implement our new five-and-two schedule, our department has seen a 90-percent savings in overtime costs compared to last year. Which government entity wouldn’t want such results?”
* Christine Carmichael, director of government industry marketing, Kronos
“We are proud to be part of the Essex County Correctional Facility’s initiative to help save public safety jobs. The senior management’s vision and innovative approach to put the needs of its public and employees first are truly remarkable. Our configurable solutions are easy to implement, own, and maintain, and have enabled quick adjustments to adapt to the budget cut.”

Supporting Resources

* About The Essex County Correctional Facility

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

Source: Kronos

Tags: Kronos

Kronos

K-12 schools, colleges, and universities are turning to Kronos® Incorporated to fill time and attendance gaps left by their ERP systems. Kronos automates, centralizes, and integrates critical workforce business processes to help control labor costs, minimize compliance risk, and improve workforce p

CHELMSFORD, Mass., (September 14, 2009) –

K-12 schools, colleges, and universities are turning to Kronos® Incorporated to fill time and attendance gaps left by their ERP systems. Kronos automates, centralizes, and integrates critical workforce business processes to help control labor costs, minimize compliance risk, and improve workforce productivity for educational institutions.
News Facts

* Time and attendance products offered by ERP vendors are unable to meet the budgetary requirements of educational institutions. These solutions take longer and are more expensive to implement and maintain as they often rely on custom code and scripting languages. Also, they don’t offer the tools to gain real-time control over payroll data and overall labor costs including overtime, absenteeism, and scheduling problems.
* Rudimentary time and attendance solutions from ERPs can leak hundreds of thousands, even millions, of dollars each year as they don’t detect labor-related problems for days.
* Considering that labor costs represent one of the largest expenses for schools and higher education institutions, often exceeding 70 percent of operational budget, time and attendance data collection is a great place to look for quick payback.
* Educational institutions including Broward County Public Schools, Chicago Public Schools, Cornell University, and Yale University use Kronos time and attendance solutions to extend the value of their ERP investment.

Supporting Quotes

* Jerome Goudelock, acting chief HR operations officer, Chicago Public Schools
“Managing staff overtime and maximizing operational efficiencies can make the difference between meeting or exceeding budget. But you can’t control what you don’t see. Kronos offers high-quality, real-time data about the workforce leading to cost savings. The best-of-breed Kronos solution easily integrates with our existing ERP system and helps us leverage that investment to control labor costs.”
* Kathy Tessendorf, director of human resource information, Northwestern University
“The Kronos solution enhances communication among departments and divisions through easy integration capabilities and provides real-time reporting from a centralized database. As grant funding has become an increasingly crucial part of education budgets, by using Kronos, we are able to total all hours employees work from all of their jobs for overtime calculations as well as giving us the ability to keep accurate reporting for separate grant projects.”
* Kimberly Curtis, PMP, senior project manager, University of North Carolina at Chapel Hill
“Payroll is typically a university’s largest expense, and with a dispersed and complex workforce, they need a system that automates processes and handles multiple and complex pay rules. With Kronos, pay rules are easily configured, tested, and deployed across the entire campus. This helps control labor costs, improve productivity, and achieve greater ROI.”
* Christine Carmichael, director of education industry marketing, Kronos
“At Kronos, we strive to offer detailed workforce intelligence to help our customers take positive action. As a result, they can extend the value of other technology investments such as ERPs to minimize absenteeism rates and control labor costs, ultimately resulting in better service to students, employees, and the community.”

Supporting Resources

* Kronos offers an integration tool, which makes it even easier for organizations to integrate Kronos applications with existing ERP, payroll, and human resources systems (see “Kronos Announces Availability of Workforce Central 6.1”).

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 Retail Labor Index(TM) Indicates Signs of Recovery in U.S. Retail Hiring

New Index Shows Retail Hiring Up 9 Percent from Three-Year Low in January 2009

CHELMSFORD, Mass. (September 08, 2009) –

Kronos® Incorporated today unveiled the first installment 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. The Kronos Retail Labor Index provides a distinct and early indicator of the overall state of the retail sector. The report will be available on a monthly basis. The September report, a schedule of upcoming Index release dates, the methodology, and downloadable graphics are available on the Kronos Retail Labor Index website.
News Facts

* There are four related measures of interest in the report:

* 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. For example, a rate of 2.75 percent means that per 100 job applications received, 2.75 of them resulted in a hire.

o The Kronos Retail Labor Index decreased fairly steadily from 7.1 percent in October 2006 to a three-year low of 2.75 percent in January 2009.
o Between January and July 2009, the Kronos Retail Labor Index increased slightly to 2.99 percent, a relative improvement of 4 percent from 2.88 percent in June.
o The figure of 2.99 percent represents a 9-percent increase in the job application to hiring ratio relative to the lowest recorded level of 2.75 percent in January 2009. While showing a small but steady improvement over the last six months, the July number is significantly below the three-year high of 7.1 percent recorded in October 2006.

* Retail Applications Level: During the first seven months of 2009, the 68 retailers who make up the Kronos sample received 8.9 million job applications, a 12 percent increase over the same period in 2008 and a 33 percent increase over the same period in 2007.
* Retail Hiring Level: Of the 15 million applications received by these retailers during the last 12 months (August 2008 through July 2009), 529,000 resulted in hires. This represents a 28 percent reduction in hirings compared to the prior 12 months (August 2007 through July 2008).
* Retail Employee Retention Rate: Consistently declining rates of retention on a year-over-year basis between late-2006 and mid-2007 have been followed by a steady and much larger increase in retention in 2008 and 2009.

Supporting Quotes

* Dr. Robert Yerex, Ph.D., chief economist, Kronos
“It was encouraging to see the Kronos Retail Labor Index increase to 2.99 percent in July – up 4 percent from June. We believe this stabilization and tentative recovery in the Index signals the beginning of stabilization in the overall U.S. economy and will be reflected in other measures of the economy in the coming months.”
* Aron Ain, chief executive officer, Kronos
“In the past, bits and pieces of information about the hiring climate were available from various sources, but never in a comprehensive way. The Kronos Retail Labor Index is derived from one unified data set and is based on actual hiring transactions, as opposed to surveys about transactions. Our hiring solution processed more than 23 million applications in 2008. This volume of data combined with our expertise in analytics and economics enables Kronos to analyze hiring-related trends in the retail sector in a way that no one else can.”
* Dr. John Gallup, assistant professor of economics, Portland State University
“Economists, among many other groups of people, are always looking for new leading economic indicators. Analysis of the past several years has shown that the Kronos Retail Labor Index has consistently foreshadowed changes that revealed themselves in other indicators weeks or months later. Given this history, I believe the Kronos Retail Labor Index could be an important leading economic indicator for the retail sector moving forward.”
* Lisa Rowan, program director, HR, learning and talent strategies, IDC
“The time is right for a seasoned entity in retail hiring to launch an index like the Kronos Retail Labor Index, given the current state of the economy and the increasing interest in trying to find better predictors of what will happen. This is a very interesting way to use data in its aggregate form to provide the public-at-large with a useful and meaningful new measure of the economy.”

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 will be 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.
* To listen to an Audio News Release about the Kronos Retail Labor Index go to: http://www.kronos.com/Audio/KRONOS-W2.mp3
* 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