May 30, 2016 1:50 AM ET

Internet Software and Services

Company Overview of Kronos Incorporated

Company Overview

Kronos Incorporated provides a cloud-based workforce management software solution for businesses in the United States and internationally. Its software product offers solutions for various human resource (HR) functions, such as time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics. The company’s software product also helps to control labor costs, minimize compliance risk, and improve workforce productivity. It serves clients in business services, hospitality, education, logistics, energy, manufacturing, financial services, manufacturing, government, public safety, healthcare, and retail industries. The company was founded in 1977 and is based in Che...

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

Chief Executive Officer and Director
Age: 57
Founder and Director
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 Launches New Workforce Analytics

Kronos Incorporated launched a new Workforce Analytics as a Service offering that allows small and midsize businesses to visualize workforce data using interactive visualization technology to understand how labor hours are being spent as well as gain insight into overall workforce management processes. Built solely on the data generated by the Kronos Workforce Central solution, Workforce Analytics as a Service delivers benefits of interactive visualization technology by transforming volumes of workforce data into actionable insights. Presenting important workforce management trends in an effective format, the new service enables Kronos customers to find meaning in high-volume data quickly and accurately. Based on the principle that organizations can benefit significantly by taking advantage of the data they already have in lieu of investing in traditional big data applications, the service is presented as an intuitive collection of interactive visualizations based on an organization’s unique workforce data. These visualizations offer predefined workforce management trends such as: Overtime Trends: The total premium hours used by the entire organization. For example, hours may begin rising during seasonal busy periods if extra headcount is not added and the amount and type of overtime used are dependent upon a broader organizational strategy. Organizations can use this information to identify trends and patterns to determine root causes and plan for similar events in the future. Unplanned Absences Trends: Varying types of unplanned absences including sick time, “no call, no show”, extended leave, and other unplanned absences. Analysis of this data helps determine the relationship between total unplanned absence hours and regular hours worked. The data shown can be filtered by week, department, and even sub-departments. Schedule Edits Trends: The number of edits made over a period of time usually by a supervisor. This can help identify departments or units with significantly high volumes of edits or ones with more stable schedules, helping assess whether employees have enough time to adjust their personal priorities to accommodate work schedules. This also helps organizations examine the rationale for last-minute changes as it could be indicative of a substandard practice or a volatile labor demand. For organizations that don’t have resources to allocate to big data initiatives, Workforce Analytics as a Service is a valid alternative to gain insights into critical workforce trends that can help increase employee engagement and operational efficiencies. Also, the new service enables Kronos partners to accelerate their big data developments to deliver value to customers.

Southcoast Health Deploys Kronos Incorporated's Kronos Workforce Central Suite of Workforce Management Solutions in the Kronos Cloud

Southcoast Health has selected Kronos Incorporated's Kronos Workforce Central suite of workforce management solutions to be deployed in the Kronos Cloud. With Kronos, the health system expects to further improve operational efficiencies and employee engagement. Southcoast Health selected the Kronos Workforce Central solutions for time and attendance, scheduling, and forecast management. The health system also purchased Kronos mobile applications, enabling managers and employees to access information on the go. With Kronos, Southcoast Health also expects to minimize compliance risk with complex labor laws, which vary by state and region, by standardizing complex and varying work and pay rules. Also by deploying in the Kronos Cloud, the health system will rely on Kronos to perform all configuration, maintenance, upgrades, and support of the workforce management solution, enabling its IT department to focus resources on its mission of clinical excellence.

Kronos Incorporated Reports Earnings Results for the Second Quarter of 2016

Kronos Incorporated reported earnings results for the second quarter of 2016. The company recognized revenue for the quarter increased to $291.2 million. Earnings before interest, tax, depreciation, and amortization (EBITDA) was $83.2 million.

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