Continuing to deliver on its commitment to develop the next generation of workforce management, Kronos Inc. has announced availability of an enhanced labor analytics solution built to deliver instant insights that inform fact-based decisions.

"Successful organizations make critical business decisions based on facts, not anecdotal information, says Bill Bartow, vice president, Kronos global product management. "Whether it’s about generating revenue, building budgets, or attacking costs, analytics drives business performance," he says. "With Workforce Analytics, we’ve made it easier than ever for organizations to find value in Big Data and turn their workforce information into competitive advantage,” says Bartow.

The Kronos Workforce Analytics solution enables organizations to easily access and leverage their workforce data to identify, predict, and manage opportunities for cost savings and productivity gains.

• Key features of Workforce Analytics include:
  • Real-time visibility into workforce and operational issues so that questions about labor costs and workforce needs can be addressed immediately and not just evaluated at the end of the week or month when it is too late to respond to problems that have already occurred. Workforce Analytics provides granular alerts against benchmarks as exceptions occur so they can be addressed before they become problematic trends.
  • An intuitive, graphical management dashboard that enables users to see all relevant information in a consolidated view to leverage their workforce as a competitive advantage and make informed decisions for business growth.
  • The ability to create and edit ad-hoc reports in minutes with an easy-to-use graphical interface and without the assistance of IT or Kronos.
  • Built-in, sophisticated security features that provide personalized intelligence, enabling employees at all levels to have the necessary data to make fact-based decisions, while at the same time limiting access to minimize compliance and privacy concerns.
  • Interoperability with an organization’s existing business intelligence (BI) tool, enabling organizations to extend the value of their current BI investment.

David Lawson, productivity and metrics manager, WellStar Health System, said of the product,"The Kronos Workforce Analytics solution will help us take our labor management to the next level. The intuitive user interface and easy-to-use ad-hoc reporting capabilities allow any end-user to create, save, and share reports that enable better, fact-based decision making in real-time."

Mark Smith, CEO and chief research officer, Ventana Research, said, "The need to optimize the value of the workforce requires analytics that can provide the insight to take action and make decisions. Our research finds that organizations need to reduce the time and costs associated with generating the metrics and increase the usability. Kronos Workforce Analytics 6.3 helps meet organizations’ needs for best-in-class workforce analytics.”

Supporting Resources

• Learn more about Kronos Workforce Analytics.
• Register for upcoming Kronos webinars on “The Next Frontier in Business Intelligence: Workforce Analytics.”
• Connect with Kronos via Facebook, Twitter, Google+, LinkedIn, and YouTube.
• Subscribe to our workforce management blogs.
• Take a look at the lighter side of workforce management in our Time Well Spent cartoons.