Kronos, the company that introduced the first micro-processor time clock in the 1970s, knows how tricky workforce management (WFM) can be. In this article, TEC principal analyst P.J. Jakovljevic looks at WFM challenges facing organizations, particularly those with large, complex workforces, and how Kronos’ innovative solutions help companies control labor costs, minimize compliance risk, and improve workforce productivity.
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for more detailed activity-based project job costing. Last but not least, the Northwestern Lake Forest Hospital in Lake Forest, Illinois, uses Kronos for talent (nurse skills) scheduling and workforce analytics. The hospital cited an article entitled Nurse Staffing and Inpatient Hospital Mortality published in the tier-one journal The New England Journal of Medicine showing an association between understaffing of nurses and quality of nurses’ skills and the mortality rates of their patients. As a