Kronos Incorporated today introduced the U.S. Workforce Activity Report, an analysis of week-by-week workplace trends that aims to help business leaders and policy makers understand where and how fast employees are returning to work.
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Analyzing 30,000 businesses with more than 3.2 million total employees, the U.S. Workforce Activity Report provides an immediate view into the preceding week's data, including employee shifts worked1, new hires2, terminations3, and pay statements4. The report - currently analyzed and released weekly and inclusive of data through May 17 - compares workplace trends since the week ending March 15, 2020, when the U.S. declared a national state of emergency, against pre-pandemic conditions.
About Kronos Incorporated
Kronos is a leading provider of workforce management and human capital management cloud solutions. Kronos industry-centric workforce applications are purpose-built for businesses, healthcare providers, educational institutions, and government agencies of all sizes. Tens of thousands of organizations - including half of the Fortune 1000® - and more than 40 million people in over 100 countries use Kronos every day. Kronos merged with Ultimate Software on April 1, 2020, to create one of the world's most innovative HCM and workforce management companies. Visit www.kronos.com. Kronos: Workforce Innovation That Works.
About Ultimate Software
Ultimate Software is a leading global provider of cloud human capital management (HCM) and employee experience solutions, with more than 51 million people records in the cloud. Ultimate's award-winning UltiPro delivers HR, payroll, talent, and time and labor management, as well as HR service delivery solutions. Founded in 1990, Ultimate is headquartered in Weston, Florida, and employs more than 6,000 professionals. To learn more, visit www.ultimatesoftware.com. Ultimate Software: People First.
Footnote 1: "Shifts worked" is a total derived from aggregated employee time and attendance data and reflects the number of times that employees, especially those who are paid hourly or must be physically present at a workplace to perform their jobs, "clock in" and "clock out" via a time clock, mobile app, computer, or other device at the beginning and end of each shift.
Footnote 2: "New hires" is the aggregate number of new employee profiles created inside a Kronos cloud solution. A new employee profile is created when an individual is hired into a position. New hire dates may be pre- or post-dated, creating minor variations in prior week's data.
Footnote 3: "Terminations" is the aggregate number of employee profiles that are deactivated/removed from a Kronos cloud solution, indicating a termination of employment. The cause could be a layoff or resignation, as examples. Termination dates may be pre- or post-dated, creating minor variations in prior week's data.
Footnote 4: "Pay statements" reflect the number of payroll checks generated each week, including both direct deposit transfers and physical checks.
© 2020 Kronos Incorporated and Ultimate Software. 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. UltiPro is a registered trademark of The Ultimate Software Group, Inc. All other trademarks, if any, are property of their respective owners.
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