If you didn't already know, Kronos is the company
that provides (among other things) those time clocks
that allow employees to swipe in and out at work.
Coupled with sophisticated software, Kronos enables
organizations to reduce costs, increase
productivity, improve employee satisfaction and
ultimately enhance the level of service they
provide. You'll find Kronos in the majority of the
Fortune 1000.
Many benefits come simply from implementing the
Kronos solution and getting greater accountability
of employee time. However, there are significant
incremental benefits that can be achieved by
identifying best practices through sophisticated
quantitative analysis, extending best practice
performance across the organization, and monitoring
system usage on an ongoing basis.
For example, if Kronos is integrated with a
company’s payroll system, Propel can discover
problems with the integration by utilizing
proprietary tools to analyze the 'sea' of data in
the two systems. Examples include paying multiple
shift differentials on the same work-hours, paying
shift differential when none was really due because
of 'early' employee swiping, and paying shift
differential erroneously on overtime hours that were
actually the result of system integration problems.
So what's the bottom line? Is it true that 'time is
money?' We’ll leave that to the theorists. But
it's a fact that better utilization of your
workforce management tools positively impacts your
bottom line.
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