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July 29, 2015 10:47 PM ET

Internet Software and Services

Company Overview of Kronos Incorporated

Company Overview

Kronos Incorporated develops cloud-based workforce management solutions for 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. The company operates as a subsidiary of Kronos Acquisition Corporation.

297 Billerica Road

Chelmsford, MA 01824

United States

Founded in 1977

3,400 Employees





Key Executives for Kronos Incorporated

Chief Executive Officer and Director
Age: 57
Founder and Member of the Board
Age: 72
Chief Financial Officer
Age: 51
Chief Services Officer and Senior Vice President of Operations
Age: 45
Vice President and General Counsel
Compensation as of Fiscal Year 2015.

Kronos Incorporated Key Developments

Kronos Incorporated Announces Earnings Results for the Third Quarter of 2015

Kronos Incorporated announced earnings results for the third quarter of 2015. The company recognized revenue for the quarter increased to $274.2 million. Earnings before interest, tax, depreciation, and amortization (EBITDA) increased to $88.8 million.

Dora Hotel Company Deploys in the Kronos Cloud

Kronos Incorporated announced that Dora Hotel Company, has selected the Kronos Workforce Ready suite of workforce management solutions to be deployed in the Kronos Cloud. With employees dispersed across 24 locations, Dora Hotel Company needed to replace its previous manual workforce management system with an automated and standardized process for increased efficiency and accuracy. To address this business challenge, Dora Hotel Company selected the Kronos time and attendance, human resources, payroll, Affordable Care Act (ACA) management, and absence management applications. The Kronos solutions will help the hotel company preempt errors that are not caught through manual processes; reduce payroll processing time from a week to a day; provide managers real-time labor data needed to run their departments effectively; and give employees easier access to their information. More accurate and effective workforce management will additionally help Dora Hotel Company see when employees are about to approach overtime. Automating the processes of enforcing and tracking of federal, state, and employer-specific leave polices will significantly reduce the time the organization spends on administering these complex policies, subsequently minimizing compliance risk. And the automated ACA management application from Kronos will specifically help Dora Hotel Company minimize ACA compliance risk by accurately tracking employee time and providing detailed auditing and reporting capabilities. For added innovation in how the organization collects time-worked data from employees, Dora Hotel Company also purchased Kronos InTouch time clocks. This will also provide employees more control over their time, enabling them to easily check accrual balances, request time off, and view schedules all in real-time. By deploying in the Kronos Cloud, Dora Hotel Company will rely on Kronos to perform all configuration, maintenance, upgrades, and support of the workforce management solution, enabling the hotel company’s IT department to focus resources on other priorities.

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) including several innovative and intuitive features to help organizations drive effective human resources, recruiting, talent management, scheduling, and compliance strategies. News facts include: Enhancements to Workforce Ready HR continue tohelp SMBs effectively recruit, manage, and reward the workforce: Powerful recruiting and onboarding tools help SMBs win the increasingly difficult battle for talent with an intuitive and enticing applicant experience, a flexible and customizable job requisition workflow, and onboarding features to facilitate internal communication between multiple colleagues and drive positive employee engagement from the first day on the job; Employees and managers who desire consistent job feedback will appreciate an enhanced performance management process with the ability to import past performance review information, expand core values and competencies, initiate mid-year reviews, and add weighted percentages to both company and employee personal goals; An updated integration with easyBackgrounds is now available via the Workforce Ready Marketplace with enhanced security settings, reporting features, and an a la carte menu of competitively priced options that adds more flexibility for background searches and streamlines the entire process to help organizations more efficiently hire best-fit applicants.

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