Kronos® for Retail Schedules 1.5 Million Associates
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Leader in Retail Workforce Management Solutions Reaches Unprecedented Milestone NEW YORK--(Business Wire)-- Marking an unprecedented milestone in the global market for retail labor scheduling, Kronos® Incorporated today announced that it has licensed Kronos for Retail for more than 1.5 million retail associates. Retailers around the world from every industry segment including Anchor Blue, GameStop, Hannaford, IKEA, Payless, PUMA, and Somerfield use the scheduling solution to plan accurately and execute consistently, allowing them to drive store productivity, control labor costs, and minimize compliance risk. "As the recession worsens, retailers who are fighting to protect market share and maintain profitability have one clear choice - improve store productivity," said Nikki Baird, managing director at Retail Systems Research. "This is a critical time for retailers to focus on workforce management as part of their strategy for overall process improvement. Labor scheduling can significantly increase store productivity, impacting both top and bottom lines, through accurate forecasting and better utilization of store labor." Improve productivity Kronos scheduling helps retailers drive store productivity by improving alignment of the workforce with customer demand. Powerful forecasting algorithms analyze store sales and traffic patterns to determine upcoming business levels and required staffing. Advanced schedule optimization automates creation of best-fit employee schedules for all departments, jobs, and tasks based on employee skills, availabilities, and work/life preferences. Configurable dashboards and screens simplify access and streamline the scheduling process for managers and employees alike. Control labor costs Kronos for Retail also enables more consistent staffing, which not only improves coverage and service but also reduces costly over-scheduling and unnecessary overtime and premium pay. Embedded analytics improves visibility and control by providing on-demand access to actual labor cost and productivity metrics. Integration to time and attendance further enhances cost control through elimination of payroll inflation from unauthorized employee work time. Minimize compliance risk To help retailers combat the risk of non-compliance to labor-laws that is inherent in store operations, Kronos provides comprehensive support for federal, state, and corporate work rules that pertain to employee scheduling, including constraints for shifts, meals, breaks, union requirements, and laws that govern the use of minor age employees. This enables retailers to improve labor law compliance by eliminating illegal scheduling practices in their stores. Consensus among retailers A recent survey of Kronos for Retail users found that 44 percent consider meeting store budget constraints a critical element of effective employee scheduling; 71 percent consent that workforce management technology helps control labor costs; and an astounding 88 percent note that their store associates have reacted positively to their use of Kronos for Retail. "Difficulties associated with retail scheduling are felt from the boardroom to the stockroom," said John Anderson, director of retail marketing at Kronos. "Now more than ever, retailers need a scheduling solution that enables them to plan accurately and execute consistently. This need has led to the unparalleled adoption of the Kronos for Retail scheduling solution. This latest milestone is a clear indication of our success in meeting the industry`s needs." Kronos made this announcement from the National Retail Federation`s (NRF) 98th Annual Convention & Expo being in held in New York from Jan. 11-14. Kronos is exhibiting in booth #2123. About Kronos Incorporated Kronos Incorporated empowers organizations around the world to effectively manage their workforce. At Kronos, we are experts who are solely focused on delivering software and services that enable organizations to reduce costs, increase productivity, improve employee satisfaction, and ultimately enhance the level of service they provide. Kronos serves customers in more than 60 countries through its network of offices, subsidiaries, and distributors. Widely recognized as a market and thought leader in managing the workforce, Kronos has unrivaled reach with more than 30 million people using a Kronos solution every day. Learn more about Kronos at www.kronos.com. © 2009 Kronos Incorporated. Kronos and the Kronos logo are registered trademarks of Kronos Incorporated or a related company. All other product and company names mentioned are used for identification purposes only and may be trademarks of their respective owners. Kronos Incorporated Indrani Ray-Ghosal, 978-947-3042 irayghosal@kronos.com Copyright Business Wire 2009
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