By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData Collective
  • Analytics
    AnalyticsShow More
    data science anayst
    Growing Demand for Data Science & Data Analyst Roles
    6 Min Read
    predictive analytics in dropshipping
    Predictive Analytics Helps New Dropshipping Businesses Thrive
    12 Min Read
    data-driven approach in healthcare
    The Importance of Data-Driven Approaches to Improving Healthcare in Rural Areas
    6 Min Read
    analytics for tax compliance
    Analytics Changes the Calculus of Business Tax Compliance
    8 Min Read
    big data analytics in gaming
    The Role of Big Data Analytics in Gaming
    10 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: Kronos Supercharges Workforce Analytics with New Technology
Share
Notification Show More
Latest News
SMEs Use AI-Driven Financial Software for Greater Efficiency
Artificial Intelligence
data security in big data age
6 Reasons to Boost Data Security Plan in the Age of Big Data
Big Data
data science anayst
Growing Demand for Data Science & Data Analyst Roles
Data Science
ai software development
Key Strategies to Develop AI Software Cost-Effectively
Artificial Intelligence
ai in omnichannel marketing
AI is Driving Huge Changes in Omnichannel Marketing
Artificial Intelligence
Aa
SmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Analytics > Kronos Supercharges Workforce Analytics with New Technology
Analytics

Kronos Supercharges Workforce Analytics with New Technology

Mark Smith
Last updated: 2012/05/12 at 7:30 AM
Mark Smith
5 Min Read
SHARE

Adoption of workforce analytics is increasing as organizations seek to recruit and retain employees more effectively and ensure that their people deliver the productivity they expect. According to our benchmark research on the topic, 89 percent of organizations want to make it simpler to provide workforce analytics, which is not surprising as our analysis shows that only 12 percent of organizations have reached the highest level of maturity here.

Adoption of workforce analytics is increasing as organizations seek to recruit and retain employees more effectively and ensure that their people deliver the productivity they expect. According to our benchmark research on the topic, 89 percent of organizations want to make it simpler to provide workforce analytics, which is not surprising as our analysis shows that only 12 percent of organizations have reached the highest level of maturity here.

Maximizing cost-effectiveness and productivity is the goal of workforce analytics, and Kronos is focused on that. Kronos also provides workforce management applications, which I recently assessed. Now the company has released a new version of its workforce analytics software. In Kronos Workforce Analytics version 6.3  the technology is complete refreshed with the embedding of MicroStrategy, which is well-known for its robustness in business intelligence and analytics. (We recently assessed it also.) Kronos is smart to transition away from its previous Microsoft technology base, as Microsoft has not kept pace with innovations in business intelligence as well as MicroStrategy has. Kronos puts together analytics to help organizations measure and monitor employee activities such as time and attendance, absence, labor and related areas. The application provides a range of ad-hoc reporting and analysis and published dashboards. Users can perform data discovery by drilling down on charts, tables and reports, which are the most common components for presentation of labor-related analytics.

More Read

cloud data security in 2023

Top Tools for Your Cloud Data Security Stack in 2023

Businesses Must Cope with the Benefits and Risks of Cloud Computing
Cloud-Centric Companies Discover Benefits & Pitfalls of Network Relocation
Optimizing Cost with DevOps on the Cloud
Cloud Technology is the Future of Medical Billing Software

I had a chance to review the new release and found it easy to use the analytics to ascertain issues and opportunities to improve use of labor across the workforce. Kronos has improved integration of data for workforce analytics, which will help analysts spend less of their analytic process time on data-related tasks and more time on analysis; this is significant as our research shows that they spend two-thirds of the time preparing data. An easily accessible library of metrics and analytics reduces cumbersome setup for organizations that do not opt for prebuilt analytics.

Kronos has extended its core offering to industry-specific workforce analytics applications for healthcare, manufacturing and retail. These applications include prebuilt analytics that, for example, can help retailers quickly compare store labor to sales volume, or manufacturers check labor’s cost contribution to margin. To get organizations up and running quickly with the technology, Kronos provides a range of education and implementation services.

Kronos’s advancements are welcome, considering that almost half of organizations are not satisfied with their current workforce analytic processes, which should not be surprising as about two-thirds  use spreadsheets. This new release should appeal to organizations that are concerned about labor-specific analytics. Having workforce analytics in a secure, centralized place helps ensure that everyone is working from a consistent set of metrics. Our research shows that only 30 percent of organizations are satisfied with their existing analytics technology. As well as encouraging its existing customers to upgrade, Kronos also adds value for its suite of workforce management applications. I hope to see more support for mobile technologies such as smartphones and tablets in future versions, especially considering they are already supported by MicroStrategy.

Workforce analytics is becoming a requirement for every organization that wants to maximize its investment in the workforce. If you have not seen a demonstration of Kronos’s latest release, now is the right time to do so.

Regards,

Mark Smith – CEO and Chief Research Officer

 

TAGGED: cloud computing, hr, HRMS, Human Capital Management, human resources, kronos, microstrategy, mobility, research, talent management, workforce analytics
Mark Smith May 12, 2012
Share this Article
Facebook Twitter Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

SMEs Use AI-Driven Financial Software for Greater Efficiency
Artificial Intelligence
data security in big data age
6 Reasons to Boost Data Security Plan in the Age of Big Data
Big Data
data science anayst
Growing Demand for Data Science & Data Analyst Roles
Data Science
ai software development
Key Strategies to Develop AI Software Cost-Effectively
Artificial Intelligence

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

cloud data security in 2023
Cloud Computing

Top Tools for Your Cloud Data Security Stack in 2023

7 Min Read
cloud computing benefits and risks
Cloud Computing

Businesses Must Cope with the Benefits and Risks of Cloud Computing

9 Min Read
cloud-centric companies using network relocation
Cloud Computing

Cloud-Centric Companies Discover Benefits & Pitfalls of Network Relocation

5 Min Read
DevOps on cloud
Development

Optimizing Cost with DevOps on the Cloud

7 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

data-driven web design
5 Great Tips for Using Data Analytics for Website UX
Big Data
ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US

© 2008-23 SmartData Collective. All Rights Reserved.

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?