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icon_press-roomKronos Again Recognized as Global Workforce Management Market Leader
Feb 07, 2017

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.

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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.

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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.

News Facts

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.

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The Employee Burnout Crisis: Study Reveals Big Workplace Challenge in 2017icon_press-room
Jan 09, 2017

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. 

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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.

News Facts

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.

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icon_press-roomTop Five Workplace Trends of 2017 from The Workforce Institute at Kronos
Jan 04, 2017

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. 

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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.

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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.

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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.

News Facts

  • 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.

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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.

News Facts

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.

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icon_press-roomKronos Paragon Leverages Industry-Leading Workforce Management Experience to Accelerate Time to Value by Nearly 40 Percent
Nov 14, 2016

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.

News Facts

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.

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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.

News Facts

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.

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icon_press-roomU.S. Businesses Waste $687 Billion Annually on Unnecessary Admin Work, New Kronos Study Finds
Oct 24, 2016

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.

News Facts

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.

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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.

News Facts

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.

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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.

News Facts

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.

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icon_press-roomSpinx Deploys in the Kronos Cloud
Aug. 8, 2016

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.

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icon_press-roomKronos Announces Another Exceptional Quarter; Record Number of Existing On-Premise Customers Migrate to the Kronos Cloud
July 27, 2016

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...

 

icon_press-roomAce Hardware Stores to Deploy in the Kronos Cloud
July 18, 2016

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...

 

icon_press-roomWorkforce analytics Part 1: Exposing payroll leakage
Can you answer three key questions about your labor spending?

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.

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icon_press-roomWhy It's Time to Increase the Size of Your HR Team
July 8, 2016

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...
 
 

 

icon_press-roomFLSA changes – Do it “Your Way,” but Do it Now
July 6, 2016

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...

 

icon_press-roomFrom small to big companies, we are getting business in all dimensions: Kronos CEO Aron
June 28, 2016

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...

 

icon_press-roomNatividad Medical Center Manages Overtime and Boosts Productivity with Kronos
June 29, 2016

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.

News Facts

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...

 

icon_press-roomKronos Acquires Intellectual Property of EmLogis to Deliver Advanced Scheduling Capabilities to Workforce Ready HCM Cloud Customers
June 28, 2016

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."

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icon_press-roomKronos expands Lowell HQ lease in year’s largest real-estate deal
May. 18, 2016

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...

 

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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.)

 

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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...

 

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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.

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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.  

Video - Supporting Accessibility for an Improved User Experience

 

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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...

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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...

 

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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...

 

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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...

 

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Kronos Helps Healthcare Customers Meet Centers for Medicare and Medicaid Services’ New Reporting Requirement

Oct. 19, 2015

CHELMSFORD, Mass. - New research conducted by Brandon Hall Group for Kronos Incorporated finds that the use of technology to improve insight through reporting and analytics is the number one benefit of workforce management. Analysis produced from this research finds that the majority of organizations prefer SaaS/cloud delivery of their workforce management solutions, regardless of their current technology deployment.  more...

 

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Kronos Celebrates Manufacturing Day; Invests in Manufacturing Workforce of the Future

Oct. 1, 2015 

CHELMSFORD, Mass. - Kronos Incorporated today announced its sponsorship of Manufacturing Day, an annual celebration of modern manufacturing meant to inspire the next generation of manufacturers. This is among several initiatives that Kronos is involved in toward developing the future generation of the manufacturing workforce including sponsorship of scholarships for students interested in manufacturing careers.  more...

 

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Kronos Completes Acquisition of AutoTime Business From Kaba Workforce Solutions

Sept. 18, 2015

CHELMSFORD, Mass. - Kronos Incorporated today announced completion of the acquisition of the AutoTime® business from Kaba Workforce Solutions, LLC - the North American operating subsidiary of Switzerland-based Kaba Holding AG (SWISS: KABN).   more...

 

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Kronos Debuts “1 in One Hundred Million” Online Video Series; Webisodes Highlight the Spirit of Today’s Workforce, One Story at a Time

Aug. 26, 2014

CHELMSFORD, Mass. — Every day, more than 100 million Americans head to work. The majority of these workers perform critically important jobs that often go unrecognized. Kronos Incorporated today launched a new online video series titled “1 in One Hundred Million™” that tells the personal stories of the people who bring drive, skill, passion, and purpose to these many jobs. A trailer for the series can be found at www.1in100Million.com and showcases the first three episodes that will be released.  more...

 

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Employees report difficulty disconnecting during time off, according to latest Randstad US Engagement Study — SURVEY RESULTS
June 18, 2014

Summer is here, vacations are planned and employees must decide: To disconnect or not to disconnect. According to Randstad's most recent Employee Engagement Study released today, U.S. workers continue to struggle with the nuances of work/life balance, such as remaining connected to work outside of normal business hours or taking full advantage of vacation days.  more...

 

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Kronos Continues to Outpace Workforce Management Market; Only Leading Vendor to See Market Share Gains
June 17, 2014

CHELMSFORD, Mass., June 17, 2014 —Kronos Incorporated today announced that according to the latest global study of workforce management solutions published by IHS Technology (NYSE: IHS), Kronos retains its leadership position in the global workforce management market.  more...

 

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Kronos Surpasses $1 Billion in Annual Revenue
April 15, 2015

CHELMSFORD, Mass. — Kronos Incorporated has surpassed $1 billion in annual revenue, just weeks after Blackstone and GIC invested in Kronos alongside original investors Hellman & Friedman and JMI Equity in a transaction which valued the company at $4.5 billion. Read the release, which also reports on second quarter financial results.  more...

 

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Kronos Completes Recapitalization; Adds World-Class Investors at $4.5 Billion Enterprise Valuation
April 14, 2014 

CHELMSFORD, Mass. — Kronos Incorporated today announced that it has completed its agreement to affect a recapitalization of the company through a $750 million equity investment by funds managed by Blackstone (NYSE:BX) and GIC. Blackstone and GIC have invested in Kronos alongside the original investors Hellman & Friedman and JMI Equity. Hellman & Friedman remains the majority investor in the company.  more...

 

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Kronos gains two new investors as it nears $1B in annual sales
March 13, 2014

CHELMSFORD — Kronos Inc. recently announced that it has secured two new investors, as the provider of workforce-management software prepares for further growth.

The company said New York-based Blackstone Group, LP, and GIC, a Singapore sovereign wealth fund, hold a combined equity stake of 44 percent. Hellman & Friedman, LLC, and JMI Equity, the two private investors that took the company private seven years ago, retain the remainder. more...

 

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Kronos Announces Tremendous First-Quarter Fiscal 2014 Financial Performance; Fast Approaching $1 Billion in Annual Revenue
Feb. 5, 2014

CHELMSFORD, Mass. — Kronos Incorporated today announced financial results, company advancements, and customer successes for the first quarter of Fiscal 2014. Kronos revenue for the quarter increased 9 percent to $243.4 million. Earnings before interest, tax, depreciation, and amortization (EBITDA) increased 18 percent to $78.7 million.  more...

 

icon_press-roomKronos Predicts Top Trends in Public Sector Workforce Management for 2014
January 20, 2014

Serving more than three million public sector employees across federal, state, and local government agencies, as well as K-12 and higher education institutions, Kronos Incorporated today announced the top trends and issues that will impact the public sector workforce in 2014. Videos related to these trends are also available.  Top Trends for 2014:  more...

 

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Kronos Recognizes Customers with Public Sector Enterprise Excellence Awards
January 20, 2014

Kronos Incorporated recognized three public sector customers for excellence in workforce management: Arlington County Police Department, Jefferson County Board of Education, and Superior Court in Pima County. These organizations, representing three segments of public sector – education, government, and public safety – were recognized for increasing operational efficiencies and achieving a strong return on investment including benefits to citizen services.  more...

 

icon_press-roomKronos Extends the Power of Workforce Task Management to Tablet
January 13, 2014

Kronos Incorporated now delivers real-time, location-specific store execution information to retailers by bringing Workforce Task Management to Workforce TabletTM. This empowers retailers to better staff their stores by managing in the moment - resulting in improved customer satisfaction.  more...

 

icon_press-roomKronos Global Survey Finds that U.S. Retailers Think of the Workforce as a Competitive Advantage More than Other Regions
January 13, 2014

NEW YORK, National Retail Federation's Annual Convention and Expo - Jan. 13, 2014 A new survey titled "The State of the Workforce in Retail: Taking a Global View" commissioned by Kronos Incorporated and independently conducted by Aberdeen Group reveals that when compared to other countries, the U.S. leads in understanding that the workforce is more than just an expense but rather a competitive advantage. The survey also shows that retailers that focus on their workforce as a competitive advantage lead in key outcomes such as lower turnover, absenteeism, and overtime.  more...

 

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The Workforce Institute at Kronos Predicts Top Five Trends in Workforce Management for 2014
January 6, 2014

At its recent annual board of advisors meeting, board members of The Workforce Institute™ at Kronos Incorporateddiscussed their predictions about the top trends and issues that will impact the field of workforce management in 2014. These and other predictions were also captured on video and in an ebook.  Top Trends for 2014:  http://www.kronos.com/pr/the-workforce-institute-at-kronos-predicts-top-five-trends-in-workforce-management-for-2014.aspx

 

icon_press-roomThe Kronos Goal: Innovate Your Company Out of Business
December 15, 2013 

Innovation is a very popular subject. We talk about the importance of innovation and how businesses need to innovate in order to be successful. But it wasn’t until I heard Kronos CEO Aron Ain talk about innovation that I felt like I heard a very practical, working definition of how to innovate. more...

 

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Kronos Again Named Worldwide Leader in Workforce Management as Organizations Increasingly Turn to the Industry’s Most Global Workforce Management Solution
November 10, 2013

ORLANDO, KronosWorks™— Nov. 11, 2013—Kronos Incorporated today announced that it remains the world’s leading supplier of workforce management solutions, according to IHS Inc. (formerly IMS Research)1.

News Facts:

  • IHS data shows that Kronos remains the leading worldwide supplier of workforce management solutions, with 37 percent of the Americas market share and 25 percent of worldwide market share. Kronos continues to grow twice as fast as the worldwide workforce management market, having reported a 10 percent increase in revenues in Fiscal 2013, versus IHS’s 5.2-percent forecasted growth for the market.
  • Kronos multinational customers that have optimized workforce management practices with Kronos include one of the world’s most recognized food and beverage brands with more than 300,000 employees using Kronos; a leading athletic retailer with more than 13,000 employees using Kronos; a leading luxury clothing retailer with more than 15,000 employees using Kronos; a leading retail brand with more than 100,000 employees using Kronos; a leading hospitality company with nearly 100,000 employees using Kronos; one of the world’s leading technology brands with nearly 50,000 employees using Kronos; and one of the world’s largest fast-food restaurant chains with more than 7,000 employees using Kronos.
  • Locally owned, region-specific organizations also optimize their workforce management practices with Kronos, including: more...

 

icon_press-roomKronos reports healthy sales, profit gains in '13
November 10, 2013

CHELMSFORD -- Kronos Inc. last week reported healthy gains in sales and profits for fiscal 2013, which ended Sept. 30.

The privately held company, which offers time-management software for businesses and nonprofits, is Chelmsford's largest private employer, with more than 1,000 workers. 

Kronos reported that its revenues for the year ending Sept. 30 totaled $975 million, up 10 percent from the previous year.  more...

 

icon_press-roomKronos makes 65th acquisition with purchase of Time Link
August 20, 2013

Chelmsford, Mass.-based workforce management software company Kronos Inc. has acquired Time Link International Corp. in Purchase, N.Y.

Kronos said in a statement that the acquisition “strengthens its position in the enterprise segment of the market, and broadens its footprint across a wide range of vertical markets.”   more...

 

icon_press-roomKronos Extends Workforce Management Market Leadership With Acquisition of TimeLink
August 20, 2013

CHELMSFORD, Mass., Aug. 20, 2013 - Extending its leadership in workforce management, Kronos Incorporated today announced that it has acquired Time Link International Corporation (TimeLink).  more...

 

Aicon_press-roomttention Boomers: The Economy Needs You to Work Past 70
May 7, 2013


If you imagine that age 81 means shuffleboard, golf carts, and sitting on the beach, David Mintz will make you reconsider. The founder and CEO of food brand Tofutti, Mintz works 15-hour shifts, sometimes driving 500 miles a day to visit his factories. He sleeps four or five hours a night and works out every morning. “I’m working harder now than 20 years ago,” he says.   more...

 

icon_press-roomKronos Helps Employers Navigate the Affordable Care Act; Launches ACA eBook
April 29, 2013

Kronos Incorporated today announced the release of an eBook designed to help organizations navigate the principal provisions of Title I of the Affordable Care Act (ACA).  more...

 

icon_press-roomKronos Helps Healthcare Organizations Manage in the Moment With Workforce Tablet Analytics
April 23, 2013

Kronos Incorporated today announced the availability of its healthcare-specific Workforce Tablet™ Analytics application, which provides healthcare organizations real-time visibility into actionable productivity and labor cost management data from anywhere, at any time.  more...

 

icon_press-roomADVANCE Perspective: Nurses  -  Fighting Fatigue
March 26, 2013

There's no doubt nurses work long hours doing challenging work. And based on a recent survey, this scheduling is starting to take its toll on nurses, patients and the healthcare system. A new survey titled "Nurse Staffing Strategy," commissioned by Kronos Inc. and conducted by HealthLeaders Media, revealed nurse fatigue is pervasive in the healthcare industry and may negatively impact quality care delivery, patient and employee satisfaction and operational costs.  more  here and here...

 

icon_press-roomKronos Survey Reveals Nurse Fatigue is Pervasive in the Healthcare Industry and Directly Linked to On-the-Job Errors
March 20, 2013

A new survey titled “Nurse Staffing Strategy”, commissioned by Kronos Incorporated and conducted by HealthLeaders Media, revealed that nurse fatigue is pervasive in the healthcare industry and may negatively impact quality care delivery, patient and employee satisfaction, and operational costs.  more...

 

icon_press-roomSpotlight on: Kronos Workforce Management Tablet
March 5, 2013

 Source: IT in Canada  more...

 

icon_press-roomHealthcare Organizations Use Kronos OptiLink to Enhance Patient Care Delivery and Meet Regulatory Challenges
March 4, 2013

Since its acquisition of OptiLink last year, Kronos Incorporated has experienced heightened global demand for the acuity-based staffing solution as it became integrated with the market’s most advanced, clinically focused workforce management suite designed to help healthcare organizations deliver high-quality patient care.   more...

 

icon_press-roomThe Workforce Institute at Kronos Explores How The Affordable Care Act Will Impact Organizations
February 25, 2013

Director of The Workforce Institute at Kronos Incorporated, Joyce Maroney, welcomes board member Dr. Tim Porter-O’Grady as a guest on Workforce Institute Radio to discuss the issues organizations should be thinking about related to complying with The Affordable Care Act.  more...

 

icon_press-roomKronos Survey Shows Most Hourly Employees Lose Pay When They Are Out Sick; Employers Ineffective at Scheduling Replacements
February 12, 2013

A new survey commissioned by The Workforce Institute™ at Kronos Incorporated and conducted by Harris Interactive reveals that while the majority of hourly workers are not paid for time they spend out sick, they often opt to stay home to, among other things, protect their co-workers from getting sick.  more...

 

icon_press-roomConverting To a Paid Time Off (PTO) System
January 31, 2013

Source: HR Bartender   more...

 

 icon_press-roomKronos Enhances Fast-Selling Workforce Ready SMB Cloud Offering
January 31, 2013

Kronos Incorporated today announced a series of enhancements to its fast-selling cloud workforce management suite for small and midsize businesses (SMBs).  more...

 

icon_press-roomPPACA Highlights Need for Kronos Workforce Management Solutions
January 14, 2013

Mandatory compliance with the Patient Protection and Affordable Care Act (PPACA) has become a certainty for all U.S. employers.  more...

 

icon_press-roomWorkforce Management Industry Embraces Managing in the Moment with Kronos

January 9, 2013

The workforce management industry is embracing technology from Kronos Incorporated designed to help organizations empower their workforce to manage in the moment.  more...

 

icon_press-roomThe Workforce Institute at Kronos Predicts Top Trends in Workforce Management for 2013
January 3, 2013

Board members of The Workforce Institute™ at Kronos Incorporated discussed their predictions about the top trends and issues that will impact the field of workforce management in 2013.  more...

 

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Kronos Helps Healthcare Customers Meet Centers for Medicare and Medicaid Services’ New Reporting Requirement

Oct. 19, 2015

CHELMSFORD, Mass. - New research conducted by Brandon Hall Group for Kronos Incorporated finds that the use of technology to improve insight through reporting and analytics is the number one benefit of workforce management. Analysis produced from this research finds that the majority of organizations prefer SaaS/cloud delivery of their workforce management solutions, regardless of their current technology deployment.  more...

 

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Kronos Celebrates Manufacturing Day; Invests in Manufacturing Workforce of the Future

Oct. 1, 2015 

CHELMSFORD, Mass. - Kronos Incorporated today announced its sponsorship of Manufacturing Day, an annual celebration of modern manufacturing meant to inspire the next generation of manufacturers. This is among several initiatives that Kronos is involved in toward developing the future generation of the manufacturing workforce including sponsorship of scholarships for students interested in manufacturing careers.  more...

 

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Kronos Completes Acquisition of AutoTime Business From Kaba Workforce Solutions

Sept. 18, 2015

CHELMSFORD, Mass. - Kronos Incorporated today announced completion of the acquisition of the AutoTime® business from Kaba Workforce Solutions, LLC - the North American operating subsidiary of Switzerland-based Kaba Holding AG (SWISS: KABN).   more...

 

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Kronos Debuts “1 in One Hundred Million” Online Video Series; Webisodes Highlight the Spirit of Today’s Workforce, One Story at a Time

Aug. 26, 2014

CHELMSFORD, Mass. — Every day, more than 100 million Americans head to work. The majority of these workers perform critically important jobs that often go unrecognized. Kronos Incorporated today launched a new online video series titled “1 in One Hundred Million™” that tells the personal stories of the people who bring drive, skill, passion, and purpose to these many jobs. A trailer for the series can be found at www.1in100Million.com and showcases the first three episodes that will be released.  more...

 

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Employees report difficulty disconnecting during time off, according to latest Randstad US Engagement Study — SURVEY RESULTS
June 18, 2014

Summer is here, vacations are planned and employees must decide: To disconnect or not to disconnect. According to Randstad's most recent Employee Engagement Study released today, U.S. workers continue to struggle with the nuances of work/life balance, such as remaining connected to work outside of normal business hours or taking full advantage of vacation days.  more...

 

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Kronos Continues to Outpace Workforce Management Market; Only Leading Vendor to See Market Share Gains
June 17, 2014

CHELMSFORD, Mass., June 17, 2014 —Kronos Incorporated today announced that according to the latest global study of workforce management solutions published by IHS Technology (NYSE: IHS), Kronos retains its leadership position in the global workforce management market.  more...

 

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Kronos Surpasses $1 Billion in Annual Revenue
April 15, 2015

CHELMSFORD, Mass. — Kronos Incorporated has surpassed $1 billion in annual revenue, just weeks after Blackstone and GIC invested in Kronos alongside original investors Hellman & Friedman and JMI Equity in a transaction which valued the company at $4.5 billion. Read the release, which also reports on second quarter financial results.  more...

 

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Kronos Completes Recapitalization; Adds World-Class Investors at $4.5 Billion Enterprise Valuation
April 14, 2014 

CHELMSFORD, Mass. — Kronos Incorporated today announced that it has completed its agreement to affect a recapitalization of the company through a $750 million equity investment by funds managed by Blackstone (NYSE:BX) and GIC. Blackstone and GIC have invested in Kronos alongside the original investors Hellman & Friedman and JMI Equity. Hellman & Friedman remains the majority investor in the company.  more...

 

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Kronos gains two new investors as it nears $1B in annual sales
March 13, 2014

CHELMSFORD — Kronos Inc. recently announced that it has secured two new investors, as the provider of workforce-management software prepares for further growth.

The company said New York-based Blackstone Group, LP, and GIC, a Singapore sovereign wealth fund, hold a combined equity stake of 44 percent. Hellman & Friedman, LLC, and JMI Equity, the two private investors that took the company private seven years ago, retain the remainder. more...

 

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Kronos Announces Tremendous First-Quarter Fiscal 2014 Financial Performance; Fast Approaching $1 Billion in Annual Revenue
Feb. 5, 2014

CHELMSFORD, Mass. — Kronos Incorporated today announced financial results, company advancements, and customer successes for the first quarter of Fiscal 2014. Kronos revenue for the quarter increased 9 percent to $243.4 million. Earnings before interest, tax, depreciation, and amortization (EBITDA) increased 18 percent to $78.7 million.  more...

 

icon_press-roomKronos Predicts Top Trends in Public Sector Workforce Management for 2014
January 20, 2014

Serving more than three million public sector employees across federal, state, and local government agencies, as well as K-12 and higher education institutions, Kronos Incorporated today announced the top trends and issues that will impact the public sector workforce in 2014. Videos related to these trends are also available.  Top Trends for 2014:  more...

 

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Kronos Recognizes Customers with Public Sector Enterprise Excellence Awards
January 20, 2014

Kronos Incorporated recognized three public sector customers for excellence in workforce management: Arlington County Police Department, Jefferson County Board of Education, and Superior Court in Pima County. These organizations, representing three segments of public sector – education, government, and public safety – were recognized for increasing operational efficiencies and achieving a strong return on investment including benefits to citizen services.  more...

 

icon_press-roomKronos Extends the Power of Workforce Task Management to Tablet
January 13, 2014

Kronos Incorporated now delivers real-time, location-specific store execution information to retailers by bringing Workforce Task Management to Workforce TabletTM. This empowers retailers to better staff their stores by managing in the moment - resulting in improved customer satisfaction.  more...

 

icon_press-roomKronos Global Survey Finds that U.S. Retailers Think of the Workforce as a Competitive Advantage More than Other Regions
January 13, 2014

NEW YORK, National Retail Federation's Annual Convention and Expo - Jan. 13, 2014 A new survey titled "The State of the Workforce in Retail: Taking a Global View" commissioned by Kronos Incorporated and independently conducted by Aberdeen Group reveals that when compared to other countries, the U.S. leads in understanding that the workforce is more than just an expense but rather a competitive advantage. The survey also shows that retailers that focus on their workforce as a competitive advantage lead in key outcomes such as lower turnover, absenteeism, and overtime.  more...

 

icon_press-room

The Workforce Institute at Kronos Predicts Top Five Trends in Workforce Management for 2014
January 6, 2014

At its recent annual board of advisors meeting, board members of The Workforce Institute™ at Kronos Incorporateddiscussed their predictions about the top trends and issues that will impact the field of workforce management in 2014. These and other predictions were also captured on video and in an ebook.  Top Trends for 2014:  http://www.kronos.com/pr/the-workforce-institute-at-kronos-predicts-top-five-trends-in-workforce-management-for-2014.aspx