[November 14, 2017] |
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Kronos Continues to Achieve Industry Recognition and Rapid Growth in Human Capital Management
KronosWorks - Rated as a top Human Capital Management (HCM)
vendor worldwide by leading research and advisory firms1 and
recognized in the 2017 Gartner (News - Alert) Magic Quadrant for cloud HCM suites for
midmarket and large enterprises, Kronos
Incorporated continues to grow its HCM business. Offering strategic
HCM solutions including talent acquisition, talent management, HR, and
payroll, Kronos (News - Alert) today enables organizations around the world to focus on
innovation, enhance customer experiences, and grow businesses.
News Facts
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Workforce Ready HCM cloud suite is the fastest-growing part of the
business
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The Kronos Workforce Ready suite, which combines the power of
workforce management and HCM into one unified cloud platform,
continued to surge in demand in Fiscal 2017.
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Subscription revenue for Workforce Ready increased 52 percent in
Fiscal 2017 as customers large and small increasingly opt for a
full-suite solution.
-
At the end of Fiscal 2017, more than 70 percent of employees from
different organizations using Workforce Ready were leveraging the
Kronos HR module to minimize time consuming, tedious tasks,
focusing instead of business priorities.
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Kronos continues to invest in HCM innovation
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Kronos added more than 1.2 million lines of code in HCM
solutions last year and grew its footprint in HCM significantly by
introducing two add-on modules - Workforce
Ready Talent Acquisition and Workforce Ready Performance Management.
New functionality is geared toward offering managers effective
tools needed to deliver ongoing, evidence-based feedback to both
hourly and salaried employees.
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The HCM product team also doubled last year, and so did the HCM
user experience team, strengthening Kronos' ability to re-imagine
the user experience in a device agnostic world. The latest mobile
interface delivers key workforce processes intuitively, so they
can be completed with the fewest taps on a screen, as possible.
-
All of these new functionalities help all employees - no matter
where they are in their employee lifecycle journey - feel more
connected to their organizations' missions. This connectivity can
lead to greater levels of employee empowerment and engagement.
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Kronos HCM transforms business strategy
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Kronos recognizes that the modern workforce needs more than
automated HR and payroll processes; it needs an innovative HCM
strategy. If today's workforce is using crowdsourcing techniques
in their personal lives with the ease of mobile apps, Kronos
customers can deliver this ease to their employees at work.
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By allowing nurses to effectively collaborate, have a say in their
schedules, and shift swap easily through mobile functionality,
Kronos customer Cohen Children's Medical Center reduced turnover,
saved associated costs, and optimized patient care with a highly
engaged workforce.
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An engaged workforce also generates new ideas to help an
organization evolve but it is critical that leadership provides a
path for this to happen. The chief executive officer of
TransparentBPO selected the Kronos HCM suite to give more power to
employees over their own work lives to enhance customer service
and effectively grow the business.
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In Fiscal 2017, Kronos launched a new book, Your
Last Differentiator: Human Capital
Authored by Kronos' vice
president of the data science practice group, Gregg Gordon, the book
aims to inspire leaders and people managers to think about how to
holistically develop an organization's entire workforce, including the
hourly workforce. By innovating relentlessly and utilizing workforces
effectively, Gordon demonstrates how organizations can deliver
superior customer service and succeed in the face of digital
transformation
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Your Last Differentiator: Human Capital is available on Amazon.com.
Supporting Quotes
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Jim Thompson, chief financial officer, Cavender's Boot City
"Key
benefits we have realized from Kronos HCM solutions include reducing
the amount of time store managers spend on payroll from four hours to
30 minutes but the solution offers much more. With Kronos, we have
achieved a consistent methodology for scheduling, better compliance
management, and increased visibility into how employees are paid. Also
with employee self-service and advanced analytics, the opportunities
Kronos provides are abundant when it comes to improving both employee
engagement and customer satisfaction."
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Andi Kirkpatrick, chief financial officer, Trade Construction
"After
conducting evaluation of several on-boarding software tools, Trade
Construction selected Kronos as our provider because we deemed Kronos
the most flexible, user-friendly, and an all-encompassing solution for
managing our applicants, employees, and benefits in a single system."
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Scott Newman, chief executive officer, TransparentBPO
"With
the Kronos selection, TransparentBPO is extending its commitment to
both employee and customer experiences. By centralizing HR and payroll
processes and offering employees easy access to important information
related to their jobs, such as their own schedules, at TransparentBPO
we are empowering our workforce to deliver superior customer service.
As a result, Kronos is playing a big role in our overall business
growth."
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Bob DelPonte, vice president and general manager, HCM practice
group, Kronos
"The focus of Kronos HCM goes beyond automation
of processes. Our mission is to help our customers inspire and engage
their biggest asset - their workforces - to delight their customers,
serve communities, and ensure product quality to achieve success. The
Kronos HCM solution is based on the premise that great businesses are
powered by great people and our innovation in product development puts
employee engagement front and center, for both hourly and salaried. We
believe that because of this focus, our HCM solutions are sought by
not only HR leaders but all leaders."
Supporting Resources
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This announcement was made from KronosWorks,
the world's largest workforce information exchange. KronosWorks is
taking place this week in Las Vegas.
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See live updates and join the conversation by using #KronosWorks
across all social media channels.
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Follow the buzz about the Workforce Dimensions product with #KronosWFD
across all social media channels.
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Throughout the event, KronosWorks attendees will come together to
donate life-saving hygiene kits to disaster relief efforts through Clean
the World, a not-for-profit that recycles discarded soap from
hotels and distributes it worldwide to prevent illness and disease.
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Connect with Kronos via Facebook,
Twitter,
LinkedIn,
Instagram,
and YouTube.
-
Take a look at the lighter side of the workforce in our Time
Well Spent cartoons.
-
Follow The
Workforce Institute at Kronos for insight, research, blogs, and
podcasts on how organizations can manage today's modern workforce to
drive engagement and performance.
About Kronos Incorporated
Kronos is a leading provider of workforce management and human capital
management cloud solutions. Kronos industry-centric workforce
applications are purpose-built for businesses, healthcare providers,
educational institutions, and government agencies of all sizes. Tens of
thousands of organizations - including half of the Fortune 1000®
- and more than 40 million people in over 100 countries use Kronos every
day. Visit www.kronos.com.
Kronos: Workforce Innovation That Works.
© 2017 Kronos Incorporated. All rights reserved. Kronos, the Kronos
logo, and Workforce Ready 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.
Footnote1: Gartner, Market Snapshot: Human Capital Management Software,
Worldwide, 2017, May 2017 IDC (News - Alert), Worldwide Human Capital Management
and Payroll Applications Market Shares, 2016: Growth Across the Board,
June 2017
View source version on businesswire.com: http://www.businesswire.com/news/home/20171114005098/en/
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