[August 24, 2015] |
|
Forest City Enterprises Extends Use of Kronos for Greater Operational Efficiencies; Saves $500,000+ Annually
Kronos
Incorporated today announced that Forest City Enterprises, a premier
real estate development and management company, has expanded its use of
the Kronos (News - Alert) Workforce
Central suite of workforce management solutions. With added mobile
capabilities, the organization has gained greater efficiencies, cost
savings, and further enhanced employee engagement.
News Facts
-
An existing user of Kronos, Forest City Enterprises added mobile
applications for increased visibility and easier access to the Kronos
solution. This helped the organization save half a million dollars
annually by allowing field workers to enter time through mobile
devices directly from their worksite, eliminating travel time back to
a central location.
-
For added innovation in how Forest City Enterprises collects employee
time-worked data, employees are using Kronos InTouch biometric time
clocks, enabling them to indicate the specific jobs they worked on and
track their time accurately. Managers also have visibility into job
costs with Kronos and can track hours relative to project budgets,
reducing unnecessary overtime by 25 to 30 percent.
-
With properties across 25 states, Forest City Enterprises has also
centralized all pay and work rules by programming federal, state, and
union work and pay rules into the Kronos solution so they are applied
fairly and accurately by location across the company. This has
significantly eased the compliance management process as complex meal,
break, and overtime rules are now applied consistently, leading to
more accurate overtime calculation.
-
Among other efficiency benefits, Forest City Enterprises is also
supporting its rapid growth by automating and standardizing payroll
processes with Kronos. With Kronos, the organization now helps ensure
accuracy of payroll, reducing payroll processing time to just
three-to-four hours per pay period.
-
To further increase engagement across their workforce, employees and
managers at Forest City Enterprises use self-service tools to access
hours, schedules, and accrual information as well as request and
approve time off.
Supporing Quotes
-
Jason Fenske, systems analyst, Forest City Enterprises
"We
have a portfolio of more than 250 properties across 25 states and we
continue to expand our operations. Kronos, a scalable solution
offering rich functionality, has made it faster and easier to ramp up
new properties as we expand our business. Kronos has also given our
organization visibility into labor data that previously wasn't
available, allowing for better management of budgets, greater employee
engagement, and overall profitability."
-
Malysa O'Connor, director, service industries practice group, Kronos
"Forest
City Enterprises has a diverse workforce, with many field-based
employees working on multiple projects at a time. If time worked is
tracked incorrectly, it can lead to many budget headaches. With
Kronos, managers can proactively manage labor to their budgets and
Kronos' mobile applications allow employees to more accurately and
easily track time, all of which lead to increased efficiencies and
greater employee satisfaction."
Supporting Resources
About Kronos Incorporated
Kronos is the global leader in delivering workforce management solutions
in the cloud. Tens of thousands of organizations in more than 100
countries - including more than half of the Fortune 1000® -
use Kronos to control labor costs, minimize compliance risk, and improve
workforce productivity. Learn more about Kronos industry-specific time
and attendance, scheduling, absence management, HR and payroll, hiring,
and labor analytics applications at www.kronos.com.
Kronos: Workforce Innovation That Works™.
© 2015 Kronos Incorporated. All rights reserved. Kronos and the Kronos
logo are registered trademarks and Workforce Innovation That Works is a
trademark of Kronos Incorporated or a related company. See a complete
list of Kronos
trademarks. All other trademarks, if any, are property of their
respective owners.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150824005060/en/
[ Back To TMCnet.com's Homepage ]
|