August 24, 2016 6:15 AM ET

Software

Company Overview of Kronos Incorporated

Company Overview

Kronos Incorporated provides cloud-based human capital management and workforce management solutions. The company’s Kronos HCM unified platform offers a suite of tools that integrate HR, time and attendance, payroll, scheduling, and more for managing and nurturing workforce. It also provides implementation, optimization, and managed services. The company offers solutions for business services, education, energy, financial services, government, healthcare, hospitality, logistics, manufacturing, public safety, and retail industries. Kronos Incorporated 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

Chief Executive Officer and Director
Age: 58
Founder and Director
Age: 73
Chief Financial Officer
Age: 52
Chief Services Officer and Senior Vice President of Operations
Age: 46
Vice President and General Counsel
Compensation as of Fiscal Year 2016.

Kronos Incorporated Key Developments

Spinx Deploys in the Kronos Cloud

Kronos Incorporated has selected Kronos workforce solutions to address its Human Capital Management (HCM) needs and accommodate rapid company growth. Spinx needed an easy-to-use and solution to live up to its mission of making lives easier for customers and employees. To meet this need, the convenience store operator selected Kronos time and attendance, forecasting and scheduling, absence management, task management, human resources, payroll, and Affordable Care Act (ACA) management applications. Spinx also selected Kronos mobile applications to provide employees added flexibility in how they interact with the solution. The Kronos solution will eliminate previously used disparate systems and will better streamline workforce business processes. Kronos will also help Spinx improve operational efficiencies and workforce productivity by reducing the burden of handling excessive paperwork. Instead, employees can now spend more time servicing customers and focusing on activities that help enhance the customer experience. Employees will also feel more empowered and engaged with Kronos self-service features, which will allow them to check their schedules, review earnings, request time off, and sign up for benefits from anywhere, at any time through online and mobile applications. By deploying in the Kronos Cloud, Spinx 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 customer service initiatives.

Kronos Incorporated Reports Earnings Results for Third Quarter of 2016

Kronos Incorporated reported earnings results for third quarter of 2016. For the period, the company’s revenue increased to $309.7 million. Earnings before interest, tax, depreciation, and amortization (EBITDA) were $94.7 million.

Ace Hardware Stores to Launch in Kronos Cloud

Ace Hardware Corp. recently selected the Workforce Central suite of workforce management solutions from Kronos to be deployed in the Kronos Cloud. Kronos will help independent Ace Hardware retailers manage rising labor law compliance requirements, improve store productivity, and increase associate engagement. The company noted they chose Kronos to replace an existing manual workforce management process, which will enable Ace Hardware retailers to free up time previously spent on administrative work and improve accuracy by eliminating error-prone processes. Ace Hardware selected Kronos time and attendance, forecasting, and scheduling solutions, which will help Ace retailers improve store productivity and drive sales by gaining greater visibility into labor data as well as manage compliance with diverse labor laws and collective agreements across different regions. Kronos self-service features will also help Ace Hardware store associates gain more control over their time-worked information as well as drive a positive user experience while fostering higher associate engagement. By deploying in the Kronos Cloud, Kronos will perform all configuration, maintenance, upgrades, and support of the workforce management solution for the retailer.

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