[September 06, 2018] |
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Kronos Payroll Rapidly Growing as More Organizations Tap Kronos to Simplify Human Capital Management
With one month remaining, Kronos
Incorporated today announced Fiscal 2018 is the most successful year
yet for Kronos
Payroll. Organizations of all sizes and across all industries are
reducing payroll complexity while improving payroll accuracy and
efficiency with Kronos (News - Alert) human capital management (HCM) cloud solutions.
By unifying HR, payroll, talent, and timekeeping into a single solution,
organizations are empowered to spend less time managing processes and
more time engaging their workforce.
News Facts
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In just two years, Kronos has experienced monumental growth in the
number of payrolls that the company is processing on behalf of its
customers. The total dollar gross payroll processed by Kronos has also
increased at a similar pace over the same period.
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Kronos Payroll delivers a modern cloud offering that reduces
processing time, mitigates compliance risk, and creates the perfect
paycheck for every employee. Because Kronos Payroll is deployed in a
single application with HR and workforce management, organizations can
manage the entire employee lifecycle from one database, improving data
accuracy and allowing the business to make evidence-based decisions in
real-time.
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Thousands of organizations are using Kronos
HCM solutions - including Workforce
Dimensions and Workforce
Ready - to recruit, hire, manage, pay, or engage their hourly,
salaried, full-, part-time, and contingent/gig employees.
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At Goodwill
of Central and Coastal Virginia, the non-profit modernized its
diverse operations, which includes retail stores, transportation,
logistics, warehousing, education services, and corporate office
functions, to eliminate manual, high-touch HR and payroll
processes. With Kronos, the mission-minded organization has
increased real-time data visibility to improve productivity,
managed labor costs through data-driven decisions, and mitigated
compliance risk. Goodwill of Central and Coastal Virginia also
improved employee engagement with the addition of mobile and
self-service tools that allow employees to have better insights
into their work information and greater control over their
timecards and time-off requests.
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Spinx,
a convenience store chain with more than 80 locations that
continues to grow annually, leverages Kronos to hire, manage,
develop, schedule, and retain top talent to always meet the needs
of its customers. The organization has increased efficiency with
paperless and streamlined HR processes, offering employee
self-service tools that ease benefits administration, onboarding,
and information requests to the staff. Managers can
manage-in-the-moment with accurate, real-time data. By building a
highly-engaged workforce, Spinx has experienced measurable gains
in its customer experience.
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Additional organizations that utilize Kronos HCM solutions and
Kronos Payroll include Dowco, Lowell Community Health Center,
Millard Lumber, Minn-Dak Farmers Cooperative, Mt. Washington
Pediatric Hospital, and the Ohio Eastern Star Home.
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Kronos Payroll customers empower their employees with self-service
tools to access pay statements, update direct deposit and withholding
statuses, and view personal payroll and tax documentation from
anywhere and on any device.
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Intuitive analytics and reporting tools make it easy for payroll
professionals or finance teams to inform current and future budget
planning, troubleshoot areas of concern, and identify emerging trends.
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In addition to processing payroll with Kronos, the majority of Kronos
Payroll customers also utilize Kronos Payroll Services to simplify the
management of payroll taxes and payments. Kronos Payroll Services
mitigates risk associated with filing errors, streamlines third-party
vendor and garnishment transmissions, and saves time while reducing
paycheck printing and distribution costs.
Supporting Quotes
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Carrie Norden, vice president, payroll services, Kronos
"Payroll
is at the epicenter of business operations, where it can have a
significant impact on the overall employee experience while also
providing a real-time view into business performance. Organizations
that replace outdated, legacy, or manual payroll tools with a modern
cloud solution combining HR, payroll, talent, and timekeeping will
remove many of the complexities associated with payroll, enabling the
organization to spend less time on processes and more time on their
people and customers."
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Brenda Jackson, payroll manager, Goodwill of Central and Coastal
Virginia
"Since Goodwill of Central and Coastal Virginia
introduced Kronos, we've saved thousands of person-hours on payroll
and HR activities that are important to running a business but don't
necessarily have an impact on our community. Now, our teams focus the
time they've regained on objectives that directly advance our
company's mission. With a single-record HCM system, we're making fewer
errors because there is significantly less manual data entry and our
employees are more engaged with broad access to empowering
self-service tools. Simply put, we allow Kronos to do the hard work
for us."
Supporting Resources
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Kronos is a proud sponsor of the American Payroll Association's
National Payroll Week, celebrating the contributions of payroll
professionals everywhere during the week of Sept. 3-7.
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Visit Kronos in booth 1920 at the 2018
HR Technology Conference and Exposition, taking place Sept. 11-14
in Las Vegas to learn more about Kronos Payroll and Kronos HCM
solutions.
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Learn how to improve payroll efficiency and compliance with Kronos
Payroll.
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Check out the What
Works blog to read about the latest HCM trends and insights from
Kronos.
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See why G2 (News - Alert) Crowd named Workforce Ready a marketplace
leader in HR management suites.
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Connect with Kronos via Facebook,
Twitter,
LinkedIn,
Instagram,
and YouTube.
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.
© 2018 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: https://www.businesswire.com/news/home/20180906005436/en/
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