Human Capital Management in the Cloud
Workforce management solution Kronos had a rather impressive first quarter, indicating enterprises are taking their hiring and employee retention initiatives much more seriously.
Demand for the company's Workforce Ready offering, a cloud-based human capital management (HCM) solution designed for small and midsize businesses, grew an incredible 127 percent year-over-year, signaling that enterprises now see the value of supporting the entire employee life-cycle to attract, engage and retain their talent.
The solution, designed for HR managers and employees to maximize productivity, compliance and engagement, has received a number of useful enhancements of late including integration with Google for work, updates to self-service and communication features, and improved timekeeping and reporting functionality.
More than 1.3 million users currently use the Workforce Ready and Kronos platforms, and one new Kronos customer went live with Workforce Ready every 10 hours, on average, during the first quarter of Fiscal 2016.