Kronos Helps Educational Institutions Go Back to School with Big Savings

CHELMSFORD, Mass., Sept. 22, 2011 — K-12 and higher education entities are achieving big cost savings through workforce management solutions from Kronos Incorporated. Kronos^® helps these organizations control labor costs, minimize compliance risk, and improve productivity, enabling them to invest back in student services and community programs while managing tighter budgets.

News Facts

• As the budget crisis hit a critical peak in 2011, education leaders are at crossroads as they search for ways to do more with less. One of the quickest ways to improve efficiency for these organizations is to control labor costs, typically their largest controllable expense, comprising as much as 80 percent of all operating expenses.
• Kronos experienced a nearly 64 percent increase in revenue from the education sector in the past six months. Some of the latest institutions to select Kronos workforce management solutions include Auburn University, Rochester Institute of Technology, University of Georgia, Washington County Virginia Public Schools, and Wicomico County Board of Education in Maryland. Others including Ann Arbor Public Schools, Cleveland State University, Newark Public Schools, Ohio State University, Rutgers University, and University of Michigan are among the hundreds of current Kronos education customers.
• Kronos completely automates workforce business processes with time and attendance, absence management, employee scheduling, HR and payroll, and workforce analytics solutions. Through automation and standardization of workforce management processes, Kronos minimizes payroll error rate by providing accountability of hours worked, attendance, and accrued leave. And critical to the education sector, Kronos helps organizations allocate labor costs to grants, projects, programs, and budgets, and ensures audit compliancy requirements.
• Kronos also integrates with and extends the value of ERP platforms with a fully automated workforce management solution that provides real-time labor data acquisition and validation, as well as automates pre-configured pay rules that specifically address education's heterogeneous workforce and complex requirements.
• Additionally, Kronos helps ensure labor law compliance with federal, state, and other labor laws and regulations. And higher educational institutions often turn to Kronos for its functionality to track multiple jobs as their workforce includes students who typically work in more than one job.

Supporting Quotes

• Len Hering, vice president, business services and administration, University of San Diego
  "Our relationship with Kronos has allowed us to manage costs, streamline processes, monitor compliance, and reduce errors campus wide in our payroll operations. The university is proud to be selected as a Nucleus Research 2011 Technology ROI Award winner."
• Kathy Tessendorf, director of faculty and staff information systems, Northwestern University.
  "We have a diverse employee population, including students who often work two or more jobs on campus, and we needed a solution that could track multiple jobs, which report to different supervisors. And this functionality is part of Kronos’ core solution. By automating processes with Kronos, we have minimized errors in important human resources functions, and resources are now free to focus on making Northwestern a great place for learning and research."
• Cheryl Owens, payroll associate, Union Public Schools, Tulsa County
  "The reduction in paperwork is huge with Kronos and going to an automated system gives us a clear and accurate picture of the time worked by each employee. Prior to Kronos, tracking comp time balances and calculating overtime were big challenges in payroll. Now we have accurate calculations available at all times in the Kronos system, helping us avoid overpayments related to unused leave time and unnecessary overtime."
• Christine Carmichael, director, public sector practice group, Kronos
  "Improving efficiency of workforce management processes can pay big dividends for educational institutions. Take, for example, a manual payroll system, which is highly repetitive and error-prone and the redundant steps are supported by a lot of paper. As educational institutions seek to reinvent themselves in response to the current budget crisis, advanced workforce management solutions can deliver high impact, immediate results."

About Kronos Incorporated

Kronos is the global leader in workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. Tens of thousands of organizations in 60 countries — including more than half of the Fortune 1000^® — use Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. To learn how Kronos uniquely delivers complete automation and high-quality information in an easy-to-use solution, visit www.kronos.com.

© 2011 Kronos Incorporated. All rights reserved. Kronos is a registered trademark of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.

Contact
Indrani Ray-Ghosal
Kronos Incorporated
+1 978.947.3042
indrani.rayghosal@kronos.com