[November 16, 2015] |
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Kronos Launches Big Data Solution: Workforce Auditor
Kronos
Incorporated today announced the availability of Workforce Auditor,
a solution powered by the Kronos (News - Alert) Workforce Analytics solution. Available
within the Kronos Workforce Central suite, Workforce Auditor helps
organizations take a data-driven approach to their workforce, offering
the ability to turn big data into actionable intelligence, resulting in
improved workforce productivity, minimized compliance risk, and
increased employee engagement.
News Facts
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Developed by the big data for workforce management practice group at
Kronos comprising of business intelligence designers, data scientists,
and consultants, Workforce Auditor identifies patterns of timekeeping
and scheduling behavior within an organization that are unusual and
links them to specific workforce activity. With this information at
their fingertips, decision makers can identify and preempt policy
compliance issues, and more effectively implement best practices.
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Workforce Auditor has been tested on a wide range of Kronos customer
data and has revealed signficant amounts of previously unknown
findings for each customer. For example, a state agency uncovered a
specific crew with a disproportionately high rate of mandatory meal
break cancellations indicating that workers were potentially working
long shifts with no break, when that may not have been the case. And a
retailer identified specific stores where managers were consistently
adjusting employees' time-worked data and breaks to benefit their own
performance. These revelations enable organizations to gain actionable
insights to help drive better business outcomes as well as increase
employee engagement.
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These examples are common among large and complex workforces, which
present considerable challenges for an organization seeking to comply
with federal, state, and other labor law regulations; standardize best
practices; and limit time abuse. Even with layers of protection and
controls in place, organizations can find themselves facing regulatory
challenges or leaking profits. The cause is only identified after it
becomes large enough when one of the traditional controls or a manual
audit picks it up.
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Based on these gaps in the auditing process, Kronos developed
Workforce Auditor to guide auditors and analysts to quickly identify
parts of an organization that act differently from others,
specifically by identifying subtle patterns of unusual timekeeping and
scheduling activity. By presenting detailed views of these underlying
patterns and linking them to specific workforce activity, Workforce
Auditor offers organizations a competitive advantage compared to those
that rely on traditional reporting and supervisor oversight.
Supporting Quotes
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John Smoot, finance manager, payroll and accounts payable, Centra
Health
"Without a powerful analytics tool, it is really
challenging to identify and visualizetrends within our workforce
dispersed across various departments. To do so effectively would
require sifting through millions of records. Workforce Auditor will
give us timely insights into important workforce issues that will
allow us to be proactive in identifying and implementing best
practices."
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Gregg Gordon, senior director, big data for workforce management
practice group, Kronos
"Workforce Auditor is the gateway to a
new era for anyone managing a workforce. Aside from traditional gaming
and abuse, Workforce Auditor finds situations where exceptional
employees are working extra hard when they don't have to but
underlying causes are going undetected. While many talk about big data
without getting specific, our data scientists have created tangible
benefits through their application of big data techniques and we are
committed to advancing the ability to act upon workforce data to
improve financial and operational results as well as enhance employee
engagement."
Supporting Resources
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This announcement was made from KronosWorks,
the world's largest workforce information exchange. KronosWorks is
taking place this week in Las Vegas.
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See live updates and join the conversation by using #KronosWorks on Twitter.
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Kronos encourages KronosWorks attendees to #celebratework in the
social lounge by taking pictures in their dream job attire. For every
100 pictures, Kronos will donate $5,000 to Dress
for Success®, an international not-for-profit organization that
promotes the economic independence of disadvantaged women.
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Connect with Kronos via Facebook,
Twitter,
Google+,
LinkedIn,
and YouTube.
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Subscribe
to our workforce management blogs.
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Take a look at the lighter side of workforce management in our Time
Well Spent cartoons.
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™.
© 2015 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/20151116005054/en/
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