Kronos Timeclock Systems & Workforce Management Solutions
Filed Under Kronos, Workforce Management Systems
Kronos was founded on October 31, 1977 and delivered the world’s first microprocessor-based timeclock in 1979. They now work with organizations across a variety of industries to manage their workforce and help them control labor costs, minimize compliance risk, and improve workforce productivity.
Kronos has 3,000 employees worldwide and claims to have thousands of installations in organizations of all sizes - including over half the Fortune 1000 - and say that 30 million people use a Kronos solution every day.
Kronos has a focus on workforce management solutions, which are designed to take the complexities involved with:
- recording time and attendance transactions,
- scheduling diverse workforces,
- managing employee absence
and to simplify them.
Labor forecasting and scheduling solutions
These give you the tools you need for an optimized workforce deployment.
Forecasting
The Kronos Workforce Forecast Manager software analyzes your business drivers to produce an accurate forecast down to 15 minute intervals. Seasonal variations, events, and current trends are consistently accounted for to provide you with the insight you need to predict your labor needs.
Scheduling
Kronos employee scheduling software includes:
- Workforce Scheduler
- Kronos iSeries Scheduler
- AD OPT for the airline industry
Absence Management Software
This Kronos software helps with scheduling a large, complex workforce and helps you to plan schedules accurately and execute them consistently.
Employee absence has a huge impact on an organization, whether the absence is planned, incidental, or extended, it carries costs, risks and productivity hits.
- Costs: On average, 36 percent of payroll1 is linked to employee absence. This includes the cost of paying absent employees as well indirect costs, such as lost productivity and the hiring of replacement workers.
- Risks: Without workforce attendance systems to manage employee absence, organizations risk failing to comply with collective bargaining agreements and government regulations such as the Family Medical Leave Act and state leave laws.
- Productivity: Absence is a productivity killer - on average, incidental, unplanned absences result in 21 percent of net lost productivity per day2.
The software helps you to control the impact of absenteeism, see trends so you can control costs and to manage your policies so you can minimize compliance risk. It also helps you to identify workers with attendance issues so you can improve workforce productivity.
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