ORLANDO, KronosWorks™,

Kronos Incorporated – long known as the global leader in workforce management – today announced significant growth in the human capital management (HCM) market as customers across all industries leverage the Kronos human resource management suite to attract and retain top talent, engage the workforce, and manage all their employees – both salaried and hourly – on one unified platform.

News Facts

  • Kronos has experienced explosive growth of its HCM software business across all industries as customers seek a full-suite HCM solution that supports the full range of HR and payroll functionality with optimized workforce management data.
    • In Fiscal 2016, subscription revenue for the Kronos Workforce Ready suite increased 66 percent, as installation of Kronos human resource management applications increased more than 50 percent.
    • Kronos HCM compounded annual growth rate for recurring revenue grew by nearly 90 percent over the last four years and is expected to generate more than $100 million in recurring revenue in Fiscal 2017.
    • Workforce Ready Payroll Services has been one of the fastest-ever adopted modules in HCM, with an 84 percent attach rate in the fourth quarter of Fiscal 2016.
  • Ongoing and strategic product innovation helps organizations engage employees, from pre-hire to retire, with insight and data to help drive performance.
    • Kronos HCM transforms the HR experience with recent innovations that empower human resource professionals to become strategic business leaders within their organization:
      • Efficient recruiting processes with innovative features, such as heat map functionality to showcase how employee commute patterns could correspond to turnover;
      • Onboarding workflows with manager checklists and streamlined benefits administration processes to bring new employees onto the team with confidence;
      • Comprehensive performance management system to capture feedback and develop goals that engage employees and inspire business results; and
      • Clean yet detailed reporting tools accompanied by intelligent notifications and optimized workforce management data to make more informed decisions.
    • Streamlined HR and payroll tasks with support for ever-changing compliance requirements including ACA Manager enhancements; efficient leave of absence tracking and documentation tools; tax-filing assistance; and ongoing regulatory updates automatically integrated via cloud updates, including minimum wage changes, tax tables, state withholding forms, and new law integration down to the regional level.
    • Delivering an exceptional, consistent, and consumer-grade user experience regardless of device that enables HR professionals to focus on strategic priorities while empowering employee self-service adoption with a powerful UI that features elegant navigation, familiar icons, and a sleek screen layout; streamlined time-off request processes for employees and managers; integration with Google Cloud (formerly Google for Work); and a compelling job applicant experience to provide potential new hires with a great first impression.
    • In Fiscal 2017, Kronos will focus HCM product innovation on several key areas to provide HR with strategic and data-driven tools, including continued recruiting and onboarding enhancements with popular job board integration; new payroll tools, calculators, and checklists; analytics and reporting updates; and performance management applications to set a new standard for appraisals and professional development for the hourly employee.

    Customer Quotes

    • Leanne Koziak, HR director, Chateau Louis Hotel & Conference Centre
      “In a time of constant transition in the hospitality industry, we pride ourselves on having numerous long-term staff at the Chateau Louis, and we know that treating our employees as family is passed on to making our guests and clients feel at home. With our growing staff, we turned to Kronos for a flexible, human capital management cloud solution that allows us to compile, manage, and easily access important information, such as time and attendance data, employee First Aid certifications, incident reporting, new hire paperwork, and so much more. The HR module is quite robust and, as I proceeded through the training sessions, I continually found new ways to use it to improve the way we serve our employees.”
    • Brad Nycz, human resources and IT director, Dowco
      “When we were selecting an HCM vendor, we wanted to invest in a system that would quickly bring value to our workforce. Kronos meets the needs of our global workforce, for the entire employee lifecycle, with one single database that is truly integrated. Our processes are streamlined and simplified, and human resources is freed up to shift its focus to initiatives that enhance our company culture, attract talent, and provide our employees with development opportunities. Kronos is scalable and flexible as we grow, and not only have we eliminated redundancies and inefficiencies, we’ve increased productivity and boosted employee engagement.”
    • Barb Lutz, vice president of human resources, Heart of the Rockies Regional Medical Center
      “Our workforce is the driving factor in our ability to provide exceptional care to our patients at Heart of the Rockies Regional Medical Center, and our human capital management strategy needs to support the belief that engaged employees provide the best care. With Kronos we have a flexible and scalable HCM solution that meets the needs of our entire hourly and salaried workforce, from our nurses and doctors to administration, facilities, pharmacy, and dining. Kronos' easy-to-use reporting capabilities with the simplicity of a cloud unified platform allows our HR team to customize the system for our hospital and our people. That contributes not only to employee engagement, but patient satisfaction.”

    Supporting Quotes

    • Bob DelPonte, vice president and general manager, HCM Practice Group, Kronos
      “We aggressively invest in our own award-winning workplace culture because Kronos understands that great businesses are powered by great people. Thanks to a truly innovative HR management software platform and dedicated Kronites with the broadest and deepest industry experience in the market, our HCM software business is surging. We’re working hard to transform the HR experience and provide customers of all sizes, managing both hourly and salaried employees, with the tools they need to be a strategic, data-driven, and influential business leader within their organization.”

    Supporting Resources

    • This announcement was made from KronosWorks, the world’s largest workforce information exchange. KronosWorks is taking place this week in Orlando.
    • See live updates and join the conversation by using #KronosWorks across all social media channels.
    • In line with the Kronos GiveInspired spirit, Kronos will harness the power of social media to support Paws for Veterans, a not-for-profit organization providing combat injured veterans with task trained medical service dogs, supplies, therapeutic group sessions, and natural treatment alternatives. For every photo from the event shared by attendees on social media with #KronosWorks, Kronos will donate $20 to Paws for Veterans, up to $20,000.
    • Connect with Kronos via Facebook, Twitter, Google+, LinkedIn, and YouTube.
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    • Take a look at the lighter side of the workforce in our Time Well Spent cartoons.

    About Kronos Incorporated

    Kronos is a leading provider of workforce management and human capital management cloud solutions. Kronos industry-centric workforce applications are purpose-built for businesses, healthcare providers, educational institutions, and government agencies of all sizes. Tens of thousands of organizations – including half of the Fortune 1000® – and more than 40 million people in over 100 countries use Kronos every day. Visit www.kronos.com. Kronos: Workforce Innovation That Works™.

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