| [February 03, 2015] |
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SMBs Have Unrivalled Solution to Recruit, Manage, and Reward the Workforce with Latest Release of Workforce Ready
Kronos
Incorporated today announced the latest release of its Kronos (News - Alert) Workforce
Ready suite, which delivers enterprise-class workforce management
solutions in the cloud to small and midsize businesses (SMBs). The
latest release, which is available today, extends powerful human
resources functionality, compensation management features, and
compliance-related resources for SMBs.
News Facts
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Recruit, manage, and reward the workforce - Kronos continues
to enhance human resources capabilities of Workforce Ready with:
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Expanded talent acquisition and hiring tools that can be
mapped to an organization's established processes to recruit and
onboard staff quickly and efficiently;
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Enhancements to compensation management including the
ability to tie performance to compensation in order to
establish merit increase guidelines; and
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Better visibility into benefits management for open
enrollment, carrier invoice reconciliation, and critical benefits
reporting information.
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Leverage enterprise-class and industry-leading time and attendance
- Workforce Ready helps SMBs control labor costs and maximize
productivity by:
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Alleviating common challenges with labor-intensive timecard
tracking through data visibility and reporting improvements,
including a simplified approval process that reduces manual
timesheet corrections; and
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Delivering enhanced notifications and document templates to help organizations
better enforce attendance policies.
-
Adhere to ever-changing regional, national, and global compliance
requirements - Workforce Ready supports single-site and global
multinational SMBs alike with compliance resources, including:
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Up-to-date ACA Manager to help ensure SMBs in the U.S. are
on top of Affordable Care Act (ACA) legislation changes and
must-haves, such as breaks in service calculations, seasonal and
educational employee requirements, reporting requirements, and
form generation;
-
Tax support and year-end compliance updates across
the tax engine, tax services, and in-house tax functionality for
organizations that process payroll in-house;
-
Integration with TurboTax®, the nation's leading tax
preparation service from Intuit (News - Alert) Inc., is also included to
allow employee W2 nformation to be automatically uploaded
into the third-party tax filing software; and
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Continued enhancements for organizations in Belgium, Canada,
Mexico, the Netherlands, the U.K., and the U.S. to stay abreast
of changing regulations on a city, state, country, and
national level with checklists and workflows that help SMBs ensure
compliance.
Supporting Quotes
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Wayne Overla, HRIS administrator, Blarney Castle Oil and Propane
"Workforce
Ready has empowered our managers with tools to better manage the
entire workforce. Currently ACA compliance is a major concern for us.
The ACA Manager helps us keep an eye on the ACA measurement
requirements of our hourly workforce, who are constantly coming and
going across more than 100 locations. We can stay ahead of the game
regarding benefits eligibility for our employees."
-
Mark Smith, CEO and chief research officer, Ventana Research
"Despite
not having the same resources found at larger enterprises, SMBs across
the globe are met with the same compliance challenges and potential
penalties. Our workforce management benchmark research finds that
management indicates minimizing compliance risk is 'very important' to
46 percent of SMB organizations. For operations and analysts,
reviewing audit and compliance level exceptions is 'very important' to
41 percent of SMB organizations and is the third most important
workforce management capability indicated. The Workforce Ready suite
and recent advancements are helping small and midsize businesses be as
efficient in maintaining compliance as the largest of organizations."
-
Mark Ellis, general manager, small and midsize business, Kronos
"Workforce
Ready continues to evolve to meet both the workforce management needs
of our customers and the ever-changing government regulations
impacting SMBs all over the world. Recent features added for HR and
payroll functionality have garnered high praise, while many customers
say they would be lost managing the myriad of compliance regulations
without the new tools and updated reporting capabilities found in each
release - which is delivered automatically via the cloud."
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™.
© 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.
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