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Research Study: Cloud-Based Workforce Management Powers Midsized Organizations Kronos Workforce Read

White Paper Published By: Kronos Incorporated
Kronos Incorporated
Published:  Aug 12, 2015
Type:  White Paper
Length:  10 pages

Many small and midsized organizations have achieved more efficient and agile business operations by using cloud-based workforce management solutions.

Small and midsized organizations have been among the chief beneficiaries of recent technological advances, led by cloud-based solutions that deliver sophisticated and easy-to-use applications at reasonable costs and with minimal IT involvement. One workforce management solution—Kronos Workforce Ready®—capitalizes on these and other technological advances. This comprehensive, integrated suite includes time and attendance, payroll, HR, scheduling and many other mix-and-match modules, and it is offered as an easy-to-use cloud-based service. Configured and priced to address the needs of organizations with about 2,500 or fewer employees, Workforce Ready has been helping companies streamline processes, minimize compliance risks and increase workforce productivity since its debut in June 2012.

Still, thousands of organizations continue to struggle with disjointed collections of workforce management systems. Many of these legacy solutions are outdated (and often spreadsheet- or paper-centric), making them highly inefficient and error prone.

When organizations deploy Workforce Ready, many see dramatic improvements across a range of key performance indicators (KPIs). Customers interviewed by SMB Group cited many KPI improvements such as a 50%–80% reduction in payroll processing time, a 35%–50% reduction in wage and hour compliance risk, and a 3%–5% increase in company profitability.

SMB Group interviewed a variety of Kronos Workforce Ready customers to determine what drove them to deploy this solution, how they are using it and what benefits they have realized. The customers ranged in size from about 170 to 2,500 employees, and some had extremely complex payroll, scheduling and other HR related requirements. As detailed in this paper, all reported that Kronos Workforce Ready has made managing their workforce much more efficient and cost effective.