PRESS RELEASES
FOR RELEASE
Kronos® and WorkStrategy help HR professionals
realize
the benefits of becoming a high performance organization
Orlando, Florida, April 15,
2004 — Kronos® Incorporated (Nasdaq: KRON)
and WorkStrategy Inc. recently launched a seminar series, titled
“Building a High Performance Organization”, which
outlines methods for leveraging human resources (HR) technology
to streamline business processes and increase workforce productivity.
A key finding from the seminars is that organizations are
experiencing frustrations building a business case to get
approval for their HR technology initiatives, mining workforce
analytics data, and optimizing workforce performance æ
all while trying to align HR projects with corporate objectives.
This announcement was made at the International Association
for Human Resource Information Management (IHRIM) annual conference
being held April 15-17 in Orlando. Kronos is exhibiting in
booth #514 and WorkStrategy is exhibiting in booth #619.
Kronos, a single-source provider of HR, payroll,
scheduling, and time and labor solutions, and WorkStrategy,
a leading provider of innovative HR technology management
services, are helping attendees glean from these seminars
that by leveraging technology to automate and improve processes,
engage employees, and optimize their workforce, they will
be able to connect people to business strategies, invest in
and measure results of technology usage, and align HR management
with strategic business management objectives.
“By automating HR processes, organizations
are able to reduce errors, increase accuracy and availability
of data for better decision-making, remove chokepoints for
faster cycle times, and rely less on human involvement,”
said Bill Larkin, vice president of HRMS solutions for Kronos.
“Once organizations automate their processes, they can
then engage employees with self-service functionality. They
are also better equipped to optimize the workforce by empowering
frontline managers — resulting in reduced costs and
improved productivity.”
During these seminars, attendees learn about
best practices implemented by many Kronos customers across
several industries. PepsiAmerica, Inc., the second largest
independent Pepsi bottler in the world, is one customer highlighted.
“Thanks to our Kronos system, we have increased staff
productivity, reduced staff overtime, ensured consistent application
of employee pay requirements, and provided labor-reporting
tools to our remote locations,” said Adele McCarty,
payroll manager at PepsiAmericas, Inc.
Inova Fairfax Hospital and Inova Fairfax Hospital for Children,
with more than 5,000 employees, is also becoming a high performance
organization. With the use of Kronos’ labor analytics
solution, the organization has been able to save $175,000
by reducing overtime variance. “Implementing the Kronos
analytics solution gave us the data to create a dashboard
report concentrating on salaries, FTEs, premium hours, and
a comparison of the performance of each assistant vice president,”
said Bill Nay, director of budget for Inova Fairfax Hospital.
“Managers now have insight into critical business drivers
and productivity has surged as a result.”
Kronos and WorkStrategy’s findings further
validate the results of a survey conducted by Workforce Management,
which was covered in the October 2003 issue of the publication.
This survey found that the majority of today’s HR departments
are still performing their jobs with manual processes. Of
the respondents, the following percentages represent the use
of paper within an organization:
• 81 percent for pay stubs
• 71 percent for performance management
• 65 percent for benefits enrollment
• 63 percent for life events
• 52 percent for time and attendance
• 45 percent for job posting
“HR professionals are looking for ways
to get projects off the ground,” said Brian McIntyre,
WorkStrategy founder and chief executive officer. “We
found that it is often a challenge to work with the finance
department trying to justify the investment in new technology.
Our ‘Activity-Based Costing’ method is one of
the key components of the seminar program. It helps attendees
to identify the true expense of manual/obsolete processes
and define best practice targets.”
For more details, or to sign up for a free
white paper, visit www.workstrategy.com/news/kronos.html.
About WorkStrategy
WorkStrategy is an HR technology management firm providing
strategic planning, investment analysis, process improvement,
and application implementation services to midsized organizations.
WorkStrategy specializes in Human Resource Management solutions
including payroll, benefits and compensation, recruitment,
employee performance, enterprise learning, and vendor assessment
and selection. For more details, visit www.workstrategy.com.
About Kronos Incorporated
Kronos Incorporated is a single-source provider of human resources,
payroll, scheduling, and time and labor solutions. Kronos’
best-in-class Employee Relationship Management solution enables
organizations to reduce costs and increase productivity, put
real-time information in the hands of decision makers, align
employee performance with organizational objectives, and improve
employee satisfaction. More than 40,000 organizations trust
Kronos to solve their employee-centric business challenges.
Learn more at www.kronos.com.
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© 2004 Kronos Incorporated. Kronos
and the Kronos logo are registered trademarks of Kronos Incorporated
or a related company. All other product and company names
mentioned are used for identification purposes only and may
be trademarks of their respective owners.
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