[May 23, 2016] |
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Kronos Launches Workforce Analytics as a Service
Kronos
Incorporated today launched a new Workforce Analytics as a Service
offering that allows small and midsize businesses to visualize workforce
data using interactive visualization technology to understand how labor
hours are being spent as well as gain insight into overall workforce
management processes.
News Facts
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Built solely on the data generated by the Kronos (News - Alert) Workforce Central
solution, Workforce Analytics as a Service delivers benefits of
interactive visualization technology by transforming volumes of
workforce data into actionable insights. Presenting important
workforce management trends in an effective format, the new service
enables Kronos customers to find meaning in high-volume data quickly
and accurately.
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Based on the principle that organizations can benefit significantly by
taking advantage of the data they already have in lieu of investing in
traditional big data applications, the service is presented as an
intuitive collection of interactive visualizations based on an
organization's unique workforce data. These visualizations offer
predefined workforce management trends such as:
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Overtime Trends: The total premium hours used by the entire
organization. For example, hours may begin rising during seasonal
busy periods if extra headcount is not added and the amount and
type of overtime used are dependent upon a broader organizational
strategy. Organizations can use this information to identify
trends and patterns to determine root causes and plan for similar
events in the future.
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Unplanned Absences Trends: Varying types of unplanned
absences including sick time, "no call, no show", extended leave,
and other unplanned absences. Analysis of this data helps
determine the relationship between total unplanned absence hours
and regular hours worked. The data shown can be filtered by week,
department, and even sub-departments.
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Schedule Edits Trends: The number of edits made over a
period of time usually by a supervisor. This can help identify
departments or units with significantly high volumes of edits or
ones with more stable schedules, helping assess whether employees
have enough time to adjust their personal priorities to
accommodate work schedules. This also helps organizations examine
the rationale for last-minute changes as it could be indicative of
a substandard practice or a volatile labor demand.
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For organizations that don't have resources to allocate to big
data initiatives, Workforce Analytics as a Service is valid
alternative to gain insights into critical workforce trends that can
help increase employee engagement and operational efficiencies. Also,
the new service enables Kronos partners to accelerate their big data
developments to deliver value to customers.
Supporting Quotes
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Mike Emsley, senior vice president, business intelligence and
workforce analytics, Workforce Insight
"Workforce Insight is
excited to participate in the Kronos Workforce Analytics as a Service
initiative because it offers our customers the ability to get rapid
insight into the treasure trove of transactional workforce management
data they have accumulated. Our customers are asking how they can move
faster into workforce analytics and they expect top-notch
visualizations and this initiative is the answer to both priorities.
Workforce Analytics as a Service will be a game changer for customers
that are looking to immediately improve their workforce analytics
capabilities."
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Gregg Gordon, vice president, big data for workforce management
practice group, Kronos
"Workforce Analytics as a Service
combines the benefits of large volumes of workforce data, Kronos'
understanding of labor data analysis, and the power of interactive
visualization technology to provide a new level of customer value.
With speed of delivery, ease of use, and lower cost of ownership
driving this service, organizations that have historically limited
their labor analysis to spreadsheets and custom reporting can now
experience the benefits that intuitive visualizations and
multi-dimensional analysis can deliver."
Supporting Resources
About Kronos Incorporated Kronos is the global leader in
delivering workforce management solutions in the cloud. Tens of
thousands of organizations in more than 100 countries - including more
than half of the Fortune 1000® - use Kronos to control labor
costs, minimize compliance risk, and improve workforce productivity.
Learn more about Kronos industry-specific time and attendance,
scheduling, absence management, HR and payroll, hiring, and labor
analytics applications at www.kronos.com.
Kronos: Workforce Innovation That Works™.
© 2016 Kronos Incorporated. All rights reserved. Kronos and the Kronos
logo are registered trademarks and Workforce Innovation That Works is a
trademark of Kronos Incorporated or a related company. See a complete
list of Kronos
trademarks. All other trademarks, if any, are property of their
respective owners.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160523005179/en/
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