Kronos, the company that introduced the first micro-processor time clock in the 1970s, knows how tricky workforce management (WFM) can be. In this article, TEC principal analyst P.J. Jakovljevic looks at WFM challenges facing organizations, particularly those with large, complex workforces, and how Kronos’ innovative solutions help companies control labor costs, minimize compliance risk, and improve workforce productivity.
is supplier relationship management standard
its customers’ (labor) time is money, and the company specializes in workforce management (WFM) software, which ensures that a company’s employees complete their assigned jobs and receive pay and benefits accordingly. The company introduced the first microprocessor-controlled time clock in 1979. Today, it employs 3,200 people worldwide, and its proprietary hardware business (time clocks) brings in only about a third of its total annual revenue. Nowadays, Kronos is the global leader in software