Kronos News & Events
- Press Releases
- KronosWorks™ 2017 customer conference:
ARIA and Bellagio | Las Vegas, NV | November 12-15 | kronosconference.com
- Demo Centers:
- Awards and Recognition
- Time Well Spent - the lighter side of workforce management
Kronos Announces Fiscal 2017 Results
More than 24,000 Customers in the Kronos Cloud as Company Enters 40th Year in Business Global Workforce Management Success, Record Human Capital Management Growth Push Kronos Over $1.3 Billion
LOWELL, Mass., Nov 08, 2017
Kronos Incorporated today announced financial results, company advancements, and customer successes for Fiscal 2017. Kronos recognized revenue for the year was $1.3 billion. Earnings before interest, tax, depreciation, and amortization (EBITDA) was $390 million1, up nine percent compared to Fiscal 2016.
“What another tremendously exciting year at Kronos. Kronites from every corner of the world continue to amaze and inspire me each and every day,” said Aron Ain, Kronos chief executive officer. “As we enter our 40th year in business, it’s remarkable and near-unprecedented that we remained profitable year-over-year with strong EBITDA growth while aggressively and successfully transitioning the business into a pure SaaS provider. The next phase of Kronos’ history is upon us: Our continued innovations in workforce management and human capital management, commitment to customers and their vertical-specific needs, and exceptionally talented and engaged team of Kronites will take us to our next major milestone as a $2 billion global cloud company.”
LOWELL, Mass., Nov 07, 2017
Frost & Sullivan has recognized Kronos Incorporated with the 2017 Market Leadership Awardbased on the North American healthcare workforce management IT market analysis. Each year, Frost & Sullivan presents this award to an organization that strives to be best-in-class in three key areas: understanding demand, nurturing the brand, and differentiating from competition. Kronos earned this award for its clear and sustained leadership in healthcare workforce management in the U.S. for four decades and impressive growth in international markets. With the fundamental belief that greater staff engagement helps retain a high-performing workforce, Kronos offers solutions to health systems that drive workforce productivity for better patient experiences.
LOWELL, Mass., Oct 31, 2017
Today, on the company’s 40th anniversary, Kronos Incorporated officially opened its new global headquarters, uniting nearly 1,500 Massachusetts-based Kronites under one roof across more than half-a-million square feet at the Cross Point towers in Lowell, Mass.
- Kronos was founded 40 years ago on October 31 by MIT alum Mark Ain on the foundation that there had to be an easier way to record employee time. With a team of engineers, Kronos delivered the industry’s first patented microprocessor-based time clock in 1979, and has since driven four decades of innovation in the Commonwealth of Massachusetts.
LOWELL, Mass., Oct 30, 2017
Kronos Incorporated today announced that it will host more than 2,500 customers, partners, industry thought leaders, and Kronos solution experts at KronosWorks 2017, the world’s leading workforce information exchange, being held Nov. 12-15 in Las Vegas.
- The KronosWorks opening session, featuring Kronos Chief Executive Officer Aron Ain – one of Glassdoor’s Highest Rated CEOs – will be streamed live over the Internet beginning at 11:30 a.m. Eastern/8:30 a.m. Pacific on Monday, Nov. 13. Ain will be joined by Kronos Vice President of Global Product Management Bill Bartow, who will highlight the latest innovations from Kronos.
SAN ANTONIO, Oct. 2, 2017 /PRNewswire (American Payroll Association)
Nearly 34% of America's employees are not required by their employers to track their hours worked. This is according to the 2017 "Getting Paid In America" survey conducted by the American Payroll Association (APA) for National Payroll Week, September 4-8.
While employers are not required to track hours for many of their employees, that may change soon. Even though a regulation that would have increased the Department of Labor's "white-collar" overtime exemption threshold was invalidated by a Texas federal district court on August 31, 2017, the DOL has signaled that it will revise the regulations. Many of those businesses not tracking employees' hours could be out of compliance if their employees become for eligible for overtime if the threshold is increased.
LOWELL, Mass., Sep 27, 2017
Kronos Incorporated and analytic.li today introduced a new suite of analytics dashboards for the Kronos Workforce Ready human capital management (HCM) cloud platform that empower organizations to visualize and communicate how workforce talent directly impacts business performance. The best practices dashboards leverage data from both within and outside of Workforce Ready and simplify the effort and investment traditionally associated with launching an analytics program.
Small and Large Businesses Alike Need More Support to Maintain Compliance
LOWELL, Mass., Sep 05, 2017
As the U.S. Senate and U.S. House of Representatives return to session today, a new survey from The Workforce Institute at Kronos Incorporated and Future Workplace reveals it can cost organizations as much as $100,000 each time a federal, state, or even local labor-related regulation is created or changed.
“The $100,000 Bill” report is based on a national survey of 812 human resources (HR) and payroll professionals in management, senior leadership, and the C-suite, and examines how the process of turning compliance-focused legislation into actionable internal policy impacts the workforce, HR and payroll professionals, and what can be done to improve this challenging process.
CHELMSFORD, Mass., Aug 01, 2017
Kronos Incorporated today announced that Gartner, Inc. and International Data Corporation (IDC), two leading IT research and advisory firms, recently ranked Kronos as a top human capital management (HCM) vendor. Long known as the global leader in workforce management, Kronos is rapidly expanding its footprint in the HCM market, with recognition from customers and industry experts.
CHELMSFORD, Mass., Jul 31, 2017
Kronos Incorporated today announced financial results, company advancements, and customer successes for the third quarter of Fiscal 2017. Kronos recognized revenue for the quarter was $332.8 million. Earnings before interest, tax, depreciation, and amortization (EBITDA) was $101.6 million.1
“As we celebrate the 10th anniversary of the transition from being a public to a private company, our acceleration and pace of innovation continues,” said Aron Ain, Kronos chief executive officer, who was again named to Glassdoor’s prestigious Highest Rated CEOs list. “We had a strong third quarter, including capitalizing on our commitment to drive our industry’s shift to SaaS, record quarters for our healthcare- and manufacturing-focused teams, and our best-ever quarter for large human capital management orders. I’m excited for our momentum to continue through our final quarter as we close in on our 40th anniversary.”
Kronos Cloud, Shift to SaaS Continues to Transform the Business
Santa Fe, New Mexico, Jul 1, 2017
It was a minute before 8 on a recent Friday morning. Rita Arellano was early and ready to go to work at City Hall.
“Am I always here at 7:59? No,” said Arellano, who works in the mailroom. “Sometimes I’m here a little bit earlier, but I’ve never been late.”
While Arellano may be a conscientious employee who always shows up to work on time, the city no longer has to take her at her word.
In April, the city started to roll out a new computer-based timekeeping system that forces employees to punch in and punch out, creating a precise and paperless record of hours worked.
The new system, designed by Massachusetts-based Kronos Inc., was implemented to boost productivity and increase efficiency.
“I’ve never seen the [employee] parking lot so full at 8 in the morning,” a high-level city administrator said privately.
CHELMSFORD, Mass., May 31, 2017
Join Joyce Maroney, director of The Workforce Institute at Kronos Incorporated, for a conversation with Ed Frechette, director of social enterprise partnerships at UTEC, and Barb Vlacich, vice president of global sales operations at Kronos, as they discuss UTEC’s mission to ignite and nurture the ambition of at-risk youth to trade violence and poverty for social and economic success.
Topics addressed in this podcast include:
- UTEC’s history, mission, and goals to reduce criminal recidivism, encourage employment readiness, and provide educational support;
- How Kronos began partnering with UTEC to support this mission;
- Simple ways for corporations to make corporate citizenship a part of their everyday work activities;
- The mutual benefits of corporate/non-profit partnerships; and
- How to begin incorporating corporate citizenship in your organization.
CHELMSFORD, Mass., May 09, 2017
Kronos Incorporated today introduced Kronos Workforce Ready Talent Acquisition and Workforce Ready Performance Management, powerful new applications within the Kronos Workforce Ready human capital management (HCM) cloud platform. These modules further enhance the existing talent acquisition and performance management capabilities of Workforce Ready to help organizations attract, develop, and retain an engaged workforce.
- Workforce Ready Talent Acquisition helps organizations source, track, and evaluate candidates while leveraging internal workforce metrics to identify best-fit talent without compromising time-to-hire and cost-to-hire goals.
Apr 26, 2017
Kronos Incorporated today announced financial results, company advancements, and customer successes for the second quarter of Fiscal 2017. Kronos recognized revenue for the quarter was $317 million. Earnings before interest, tax, depreciation, and amortization (EBITDA) was $91.2 million.1
“We had a solid second quarter, continuing our momentum with enterprise customers expanding in the Kronos Cloud. During the quarter we secured the second-largest software bookings transaction in our history from an existing customer that expanded its use of a Kronos solution in the Kronos Cloud,” said Aron Ain, Kronos chief executive officer. “With a robust pipeline across our entire product portfolio, we are poised for continued growth as we prepare to celebrate our 40th anniversary.”
CHELMSFORD, Mass. — Kronos Incorporated today announced that it again claimed the top ranking in Ventana Research’s Value Index for Workforce Management. The Value Index for Workforce Management is an independent analysis conducted by Ventana Research of how well vendor offerings meet buyers’ requirements for software that enables and supports global workforce management.
Stellar Start to 2017 for Kronos as SaaS Business Continues to Surge
Jan 25, 2017
Human Capital Management Full-Suite Transactions Exceed Goals; Product Bookings Up 19 Percent with Exceptional Quarter for $1 Million+ Deals
CHELMSFORD, MASS. — Kronos Incorporated today announced financial results, company advancements, and customer successes for the first quarter of Fiscal 2017. Kronos recognized revenue for the quarter increased 14 percent to $312.6 million. Earnings before interest, tax, depreciation, and amortization (EBITDA) increased 17 percent to $91.1 million.1
“Kronos is off to a fantastic start in Fiscal 2017, with financial results exceeding our expectations,” said Aron Ain, Kronos chief executive officer. “Our SaaS business is growing by leaps and bounds; we are rapidly expanding our offerings and market position beyond workforce management to include a full, end-to-end suite of human capital management solutions; and we experienced our best-ever first quarter in terms of transactions that exceeded $1 million. All of this momentum – coupled with our steadfast focus on global expansion and being a great place to work – will ultimately bring even more value to our customers and the tens of millions of people around the world who work for organizations that use Kronos solutions.”
SaaS Continues to Surge with Banner Quarter for Migrations, Driving Recurring Revenue Growth
Kronos again delivered strong growth in the cloud, with subscription revenue increasing 51 percent.
- Nearly 85 percent of new customer bookings came from an array of Kronos Cloud offerings, which marks the 8th consecutive quarter that cloud bookings accounted for at least 80 percent of new deals.
- More than 21,000 organizations around the globe now run in the Kronos Cloud, representing the majority of the company’s global customer base.
Kronos Announces Strategic Relationship with Press Ganey
Jan 11, 2017
CHELMSFORD, Mass. — Kronos Incorporated today announced a strategic relationship with Press Ganey, which will facilitate collaboration between the two organizations to enable a subset of joint customers to participate in research and analysis. Combining data from Kronos’ Workforce Central® solution and Press Ganey’s National Database of Nursing Quality Indicators® (NDNQI®), the research will assess, measure, and analyze the impact of workforce characteristics and behaviors on both patient and caregiver outcomes such as safety, quality, staff engagement, and turnover.
Press Ganey’s NDNQI is the only national nursing database that provides reporting of structure, process, and outcome indicators to evaluate nursing care at the unit level, and is used by more than 2,000 facilities and 40,000 nursing units.
More than 95 percent of Magnet®-recognized facilities submit data to the NDNQI database and use its comparative data to meet reporting requirements, making it the leading performance measurement and benchmarking database for evaluating and improving the quality of nursing care. And with a leading healthcare human capital and workforce management suite in the industry, Kronos brings unrivaled expertise in the collection, automation, and analysis of workforce data. More than 10,000 healthcare providers rely on Kronos to more effectively manage their workforces.
CHELMSFORD, Mass. — The biggest threat to building an engaged workforce in 2017 is employee burnout. The newest study in the Employee Engagement Series conducted by Kronos Incorporated and Future Workplace® found 95 percent of human resource leaders admit employee burnout is sabotaging workforce retention, yet there is no obvious solution on the horizon.
In this national survey, 614 HR leaders – including Chief Human Resource Officers (CHRO), vice presidents of HR, HR directors, and HR managers from organizations with 100 to 2,500+ employees – provided a candid look at how burnout drives turnover, what causes it, and why there is no easy solution despite 87 percent of respondents calling improved retention a high / critical priority.
Kronos Acquires Financial Management Solutions Inc. to Deepen Financial Services Industry Expertise
Jan 05, 2017
CHELMSFORD, Mass. — Kronos Incorporated today announced that it has acquired Financial Management Solutions Inc. (FMSI), a leading provider of workforce management and analytics applications for the credit union and retail banking industry.
Founded in 1990 and headquartered in Alpharetta, Ga., FMSI offers technology solutions that help drive productivity, sales, and service performance in branches for credit unions and retail banks. FMSI’s flagship product line, Omnix, is an integrated Software as-a-Service (SaaS) suite of applications including staff scheduling, performance analytics, lobby tracking, and appointment scheduling.
CHELMSFORD, Mass. — Following its annual December board of advisors meeting, The Workforce Institute at Kronos Incorporated identified the top trends that will impact the global workforce in 2017. Board members also recorded videos of personal predictions that they believe will shape human capital management (HCM) and workforce management this year.
Top Workplace Trends for 2017
The year of the middle manager: Organizations spend a lot of time and money at the top developing a strategic vision, while human resources remains focused on engaging employees. Yet organizations often neglect the tip of the spear: their middle managers. Managers have the greatest impact on overall company performance, for better or for worse. It is often said that employees join companies, but leave managers. 2017 will see a renewed focus on giving people managers – many of whom are Millennials managing for the first time – the skills, abilities, tools, and technologies needed to develop connections with their employees, nurture top talent, and execute the organization’s vision on the front lines. Organizations should also consider developing manager onboarding programs to set new people managers up for success while providing avenues for employees to give feedback about their manager to ensure leadership practices are in line with the organization’s values.
Who is the Fifth Largest HCM Vendor?
Dec 06, 2016
ADP has long (and justifiably) complained about being the fourth after our Big Three HCM vendors. Are you surprised to learn that Kronos follows them as the fifth? After making its bones building and renting time clocks, that's a difficult transition to make, especially changing public perception. But in more than annual revenue, Kronos has finally done it, and here's how.
Trust, Transparency, and Great Leaders Inspire Outstanding Employee Engagement, Innovation, and Customer Success at Kronos
Nov 14, 2016
ORLANDO, KronosWorks™ — As an organization that understands great businesses are powered by great people, Kronos Incorporated is honored to announce the results of its most recent Global Employee Engagement Survey, which shows that 92 percent of Kronos employees – i.e. “Kronites” – are proud to work at Kronos. This statistic is one in a range of proof points about exceptionally high employee engagement at Kronos stemming from a survey by CEB, a leading member-based advisory firm, which was completed by 90 percent of Kronites worldwide.
Kronites Exude Passion, Commitment, and Company Confidence
According to CEB, 84 percent of Kronites worldwide are engaged at work, which is well above the global IT benchmark of 72 percent and significantly surpasses the 2016 average U.S. employee engagement mark of nearly 33 percent from Gallup1.
More than 90 percent of employees would recommend Kronos products and services to a friend.
Nearly 90 percent of Kronites are confident in the future success of the company.
The vast majority of Kronites see a clear link between their individual role, Kronos goals, and customer objectives and feel encouraged to come up with new and more efficient ways of working, which drives innovation for Kronos and its customers.
WorkInspired Culture Drives Performance, Innovation, and Dedication to Customers
The company’s award-winning WorkInspired culture is built on a foundation of trust and transparency, rooted in caring for colleagues and customers. This transparency and culture of caring has a direct impact on delivering innovative products and dedicated services for more than 30,000 customers around the globe.
Shift to SaaS Surges: Kronos Migrating Long-Standing Customers to Kronos Cloud at Record Pace
Nov 14, 2016
ORLANDO, KronosWorks™ — Kronos Incorporated today announced growing momentum of migrating its significant install base of long-standing, on-premise customers to software-as-a-service (SaaS) solutions as these organizations join more than 20,000 customers around the world operating in the Kronos Cloud today.
- Fiscal 2016 represented the best-ever year for migrating existing Kronos customers from their long-standing on-premise software implementations to a Workforce Ready or Workforce Central SaaS solution.
- In the last two years, Kronos has migrated more than 1.1 million employee licenses from existing on-premise customer implementations into the Kronos Cloud. This momentum has recently surged, as nearly half of those employee migrations occurred since April 2016.
- In total, Kronos has added more than 4 million employee licenses to the Kronos Cloud since 2015.
Kronos Workforce Ready Propels Organizations to New Heights through Unified Human Capital Management
Nov 14, 2016
ORLANDO, KronosWorks™ — Kronos Incorporated today announced that organizations across all industries are experiencing success with Kronos Workforce Ready, the unified Human Capital Management (HCM) platform that helps organizations attract and retain top talent, better engage the workforce, and manage the employee lifecycle from pre-hire to retire.
The rapid adoption of the Kronos Workforce Ready suite has showed no signs of slowing over the past 12 months, with the number of organizations leveraging the platform increasing another 45 percent.
More organizations are choosing to unlock the full potential of Workforce Ready, with a continued increase in full-suite adoption over the past 12 months as more customers deploy HR – including recruiting and onboarding, performance and compensation management, and benefits administration – as well as time and attendance, and payroll in a single system of record.
ORLANDO, KronosWorks™ — Kronos Incorporated today announced that Kronos Paragon – an industry-best implementation methodology that combines innovative technology, deep workforce management domain expertise, and nearly 40 years of experience with customers across all industries and geographies – is helping organizations accelerate their time to value by an average of nearly 40 percent. Committed to delivering best practices in implementation, Kronos Paragon is now the standard methodology for Kronos Workforce Central implementations.
Kronos Paragon, first introduced at KronosWorks 2015, streamlines deployments of Workforce Central in the cloud to help customers realize smart value even faster to lower the total cost of ownership by leveraging a vast matrix of proven industry-specific building blocks and common regional configurations based on decades of Kronos knowledge across tens of thousands of workforce management implementations.
Product Innovation, Exceptional Customer Experience, and Employee Engagement Help Kronos Extend Global Leadership
Nov 14, 2016
ORLANDO, KronosWorks™ — With continued product innovation, a laser-focused customer-first approach, and a highly engaged workforce, Kronos Incorporated continues to extend its leadership globally. Kronos international product bookings increased to record levels over the last twelve months as organizations around the world – including multinationals – recognize that Kronos is unmatched in accommodating pay rules and labor laws that vary by country; cultivating a passion for employee engagement; and enhancing workforce productivity. While emerging as a clear global leader in workforce management1, Kronos is also experiencing explosive growth of its human capital management suite of solutions.
Product Innovation Revolutionizes How Global Workforces Are Empowered
- Kronos is rapidly expanding its footprint in global markets with products that not only improve productivity and business efficiency but also help attract and retain top talent, engage the workforce, and manage the entire employee lifecycle.
- Fiscal 2016 product highlights include subscription revenue for the Kronos Workforce Ready suite increasing significantly around the world, as organizations recognize the value of leveraging a unified platform with a full suite of applications for managing and nurturing the entire workforce from pre-hire to retire. Barbeques Galore, an iconic barbeque retail chain in Australia; Borg Manufacturing, a leading Australian manufacturer of melamine panels and components for all joinery applications; Go Air Trampoline Park, a trampoline facilities company featuring dodgeball, foam pits, tumble tracks, and more across the UK; and Sephora Mexico, a leading chain of cosmetics stores are among the newest global customers selecting Workforce Ready.
CHELMSFORD, Mass. — A new global study from The Workforce Institute at Kronos Incorporated and Coleman Parkes Research found that U.S. businesses waste $687 billion per year on unnecessary administrative work, significantly more than any other country. That equates to an estimated cost of $4,554 per employee, per organization on burdensome tasks that are not directly related to employees’ core job roles.2
The study, “The $687 Billion Question,” also found that the U.S. workforce is hindered by complexity, low productivity, and poor-performing technology. The research was conducted by The Workforce Institute at Kronos and Coleman Parkes Research, and included a survey as well as extensive interviews with HR professionals, operations/line of business managers, and employees.
Treating employees as an asset rather than a commodity is essential for true workforce engagement. It’s a critical factor in attracting and retaining the best talent possible in a competitive job market. However, manual administrative tasks unrelated to employees’ core job roles creates a time-consuming burden can lead to disengagement. Instead, organizations should re-evaluate these processes to empower employees to deliver their best as part of a broader engagement strategy.
- Bridging the engagement gap: Technology can be turned into an advantage, but out-of-date solutions will only add more unnecessary complexity.
Vivo Smartphone Selects Kronos Workforce Management Solution For 45,000 Employees in China
Oct 17, 2016
BEIJING and CHELMSFORD, Mass. — Kronos Incorporated today announced that Vivo Smartphone has chosen to deploy the Kronos Workforce Central solution to more effectively manage and engage 45,000 employees across production plants in China.
Vivo Smartphone is a growing Chinese multinational smartphone manufacturer. In a highly competitive industry, smartphone manufacturers are constantly looking to enhance productivity and the workforce is emerging as an asset that can be optimized and empowered for improved operational efficiency, product quality, and customer responsiveness.
Kronos and NGA Human Resources Announce Strategic Global Cloud Alliance
Oct 04, 2016
CHICAGO, The HR Technology Conference — Kronos Incorporated, the global leader of workforce management solutions in the cloud, and NGA Human Resources, a leading global provider of HR and payroll solutions, today announced a new strategic global cloud alliance from the HR Technology Conference.
Through the alliance, Kronos and NGA Human Resources will work together to further simplify the delivery of workforce management, HR, and payroll services to organizations with complex global workforces, including Keysight Technologies Inc., the world's leading electronic measurement company.
CHELMSFORD, Mass., - Kronos Incorporated today announced that Spinx, a convenience store chain with more than 80 locations, 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 feature-rich 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.
CHELMSFORD, Mass., July 27, 2016 - Kronos Incorporated today announced financial results, company advancements, and customer successes for the third quarter of Fiscal 2016. Kronos recognized revenue for the quarter increased to $309.7 million. Earnings before interest, tax, depreciation, and amortization (EBITDA) was $94.7 million. Annual Recurring Revenue (ARR) now represents more than 60 percent of total revenues and is the fastest-growing part of the business. more...
CHELMSFORD, Mass. — Ace Hardware Corporation, the largest retailer-owned cooperative in the world, recently selected the Workforce Centralsuite of workforce management solutions from Kronos Incorporated 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. more...
Posted by Lisa Disselkamp on May 19, 2016 — Do you know if you are spending more on payroll than necessary? The question goes beyond conducting an audit to find errors and fraud. The deeper question to ask is this: Is there unnecessary labor expense that is not the result of a mistake or abuse but has become a source of overspending? Many employers don’t know if they are suffering from inflated time-worked reporting or hidden, unproductive paid time. Without oversight, employers are likely to be paying incorrect (i.e., unnecessary, unintended) time correctly, instead of paying the correct time correctly.
From Inc. —
Human resources is the only function that touches all of the people inside of an organization. So why is it usually the smallest team?
I am constantly amazed at the size of human resource teams that companies continue to have. The small amount of resources that HR people and talent related functions receive, especially at massive global organizations, is quite shocking! In an organization with 50-100 thousand employees or more, it is not uncommon for the HR team to be only 100 or so people to support all of those employees. I don't know these HR people do it but they really are magicians. I'm wondering what would happen if HR was the biggest team instead of sales or marketing. If we devoted the most people and resources to HR, how would an organization be restructured? more...
From Working Smarter Cafe — ... There are some things we shouldn’t procrastinate on, and being compliant with the law is right up there. In the case of the impending FLSA rule changes on a new, higher minimum salary threshold for “exempt” employees, the deadline is coming up December 1, so the time to address the issue is NOW. Why now? Well, it’s estimated the average wage and hour settlement is in the $6.9 million range. I pulled that number from this excellent Forbes article on steps you can take to prepare.
Of course if you’re a Kronos Workforce Central (WFC) user, we can assist during the different stages of your planning and remediation: more...
From Business Today — Companies and businesses have always tried to measure productivity. In the early days one simple way was to have a punch-in time clock machine for employees. In 1977, an MIT alumni, Mark Ain put together one such clock and thus was born Kronos Inc, which even today is one of the largest players selling workforce management solutions.
Today Kronos sells software and services for scheduling, time & attendance, HR & Payroll management, hiring and labour management. Mark's brother Aron, who now runs the $1.2-billion company, was in India recently when BT's Venkatesha Babu spoke to him. Kronos India has not only a large employee base serving its global customers but also counts the likes of Mahindra & Mahindra, Ultratech Cement, Bharat Forge, Croma and GMR Group amongst its marquee customers. Aron spoke of Kronos evolution and the India opportunity. more...
CHELMSFORD, Mass. — An acute-care teaching hospital, Natividad Medical Center uses the Kronos Workforce Central suite of workforce management solutions to gain visibility into labor data to more effectively manage overtime, improve workforce productivity, and align staff with patient census. All of these benefits help the hospital manage to budget and deliver high-quality patient care.
Natividad Medical Center's trauma center is a vital community service that saves lives and eliminates the need to fly critically injured patients to distant trauma centers. The emergency department sees more than 52,000 patients each year, one-third of which are children.
Given that manual, administrative workforce management processes were taking staff away from patient care, the hospital selected Kronos time and attendance, scheduling, workforce analytics, human resources, and absence management solutions. To provide employees and managers added flexibility in how they complete their workforce management tasks, the hospital also selected Kronos mobile and tablet applications. more...
CHELMSFORD, Mass.— Kronos Incorporated today announced that it has acquired substantially all intellectual property assets of EmLogis, Inc., a developer of innovative employee scheduling solutions. The EmLogis SmartRules Scheduler will be integrated into the Kronos Workforce Ready human capital management (HCM) suite.
Per Bob DelPonte, vice president and general manager, Workforce Ready group, Kronos
"The acquisition of the EmLogis IP will help Kronos more rapidly deliver enhanced scheduling capabilities that will further support employee engagement, benefiting both existing and future Kronos customers. Organizations face unique challenges as they seek to recruit, retain, and manage the most engaged workforce possible, and Kronos is committed to delivering them enterprise-class HCM solutions that meet these needs."
Kronos Inc.’s planned headquarters move to Lowell has swelled to a 435,000-square-foot lease, which ranks among the largest office lease relocations in the region in the past decade and is by far the largest real-estate lease deal this year in Greater Boston.
The workforce management software firm this week finalized its 12-year lease at CrossPoint in Lowell, a three-tower campus recently revamped by real estate firm Anchor Line Partners. The company originally planned to move into 400,000 square feet. more...
DOL Final Rule: Overtime
Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales and Computer Employees under the Fair Labor Standards Act
May. 25, 2016
On May 18, 2016, President Obama and Secretary Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations, which will automatically extend overtime pay protections to over 4 million workers within the first year of implementation. This long-awaited update will result in a meaningful boost to many workers’ wallets, and will go a long way toward realizing President Obama’s commitment to ensuring every worker is compensated fairly for their hard work.
In 2014, President Obama signed a Presidential Memorandum directing the Department to update the regulations defining which white collar workers are protected by the FLSA's minimum wage and overtime standards. more... (Note - see article below for plain language explanation.)
FACT SHEET: Growing Middle Class Paychecks and Helping Working Families Get Ahead By Expanding Overtime Pay
May. 18, 2016
Every week, millions of Americans work more than 40 hours a week but do not receive the overtime pay they have earned. Tomorrow, the Department of Labor will be finalizing a rule to fix that by updating overtime protections for workers. In total, the new rule is expected to extend overtime protections to 4.2 million more Americans who are not currently eligible under federal law, and it is expected to boost wages for workers by $12 billion over the next 10 years.
For much of the 20th century, the 40-hour workweek was a pillar of economic security for working families. The rules of the road were simple: if you were called on to put in extra work, your employer had to pay you extra regardless of whether you received an hourly wage or a salary. more...
Kronos Continues Stellar Growth Trajectory; Shift to SaaS Drives Impressive Recurring Revenue Growth; Footprint Rapidly Expanding in Human Capital Management
Mar. 24, 2016
CHELMSFORD, Mass.— Kronos Incorporated today announced financial results, company advancements, and customer successes for the second quarter of Fiscal 2016. Kronos recognized revenue for the quarter increased to $291.2 million. Earnings before interest, tax, depreciation, and amortization (EBITDA) was $83.2 million. Annual Recurring Revenue (ARR) now represents more than 60 percent of total revenues and is the fastest-growing part of the business.
"As a result of tremendous performance throughout every corner of our company, we continue to lead the industry's shift from on-premise software to the cloud," said Aron Ain, Kronos chief executive officer.
Kronos Relocates Headquarters, Prepares $40M Investment alongside Building Owner
Mar. 24, 2016
BOSTON, Mass — Kronos Inc. and The Paciello Group partnered up to bring universal usability to Workforce Central through the Tablet.
Kronos Relocates Headquarters, Prepares $40M Investment alongside Building Owner
Mar. 4, 2016
BOSTON, Mass — Kronos Inc., one of the largest technology employers in the Bay State, recently announced that the company plans to move its corporate headquarters from Chelmsford, Mass. to the nearby Cross Point Towers in Lowell. The Lowell office property is managed and leased by CBRE.
Kronos will enter a 12-year lease and is planning, alongside Cross Point owner Anchor Line Partners, to invest more than $40 million in the modernization of a 400,000-square-foot open space office facility occupying all 13 floors of the first tower. Architectural firm Packard Design will work together with Kronos on the implementation of this project.
The property, which saw completion in 1980 and major renovations in 2014, includes 20,000 square feet of retail space and a total of 1,600 parking spaces. Sitting at 900 Chelmsford St. in Lowell, the office complex also includes a 24-hour game room and fitness center, onsite daycare, and a conference center offering a 500-seat auditorium. more...
Kronos to Relocate Global Headquarters to Accommodate Extraordinary Growth and Unite Kronites Under One Roof at Lowell's Cross Point Towers
Feb. 29, 2016
CHELMSFORD, Mass — Kronos Incorporated - the global leader in providing workforce management solutions in the cloud and one of the largest technology employers in Massachusetts - today announced plans to relocate its U.S. corporate headquarters to Cross Point in Lowell, Mass. and unite employees under one roof by occupying nearly 400,000 square feet of office space in the entire first tower. more...
Kronos Ranked as a Leading Healthcare Provider in Best of KLAS Report
Feb. 29, 2016
LAS VEGAS, Healthcare Information and Management Systems Society (HIMSS) Annual Conference & Exhibition — Kronos Incorporated today announced that it secured the highest overall ranking among time and attendance vendors in healthcare software and services according to the "2015/2016 Best in KLAS: Software & Services" report published by KLAS, a leading research firm specializing in monitoring and reporting on the performance of healthcare vendors. The report was published in January 2016. more...
Kronos Helps Healthcare Customers Meet Centers for Medicare and Medicaid Services’ New Reporting Requirement
Feb. 29, 2016
LAS VEGAS, Healthcare Information and Management Systems Society (HIMSS) Annual Conference & Exhibition — A new reporting requirement by the Centers for Medicare and Medicaid Services (CMS) mandates the electronic submission of staffing and census information 1 in an effort to promote greater accountability for long-term care facilities (both skilled nursing facilities and nursing facilities). Kronos Incorporated today announced that its workforce management solutions and services can help long-term care organizations comply with this new requirement. more...