Kronos Essentials | Management and Operations Professionals

Implement Effective Labor Cost Control

Labor represents a significant percent of the operating costs for small to midsize organizations, so effective labor cost control is critical to the bottom line. Fortunately, labor is an expense you can control, especially if you gain insight into important issues such as:

Unnecessary overtime: Pay for overtime and unworked hours can be 1.3 percent of total payroll.¹
Buddy punching: 19 percent of employees admit to buddy punching once a year; these costs can reach from 1.5 percent to 3 percent of gross payroll.²
Unscheduled absenteeism: Its rate in the US hourly workforce is approximately 9 percent; almost one in ten workers is absent when he or she should be at work.³

The cost of doing nothing may be higher than you think. Your workforce operations represent a significant opportunity to gain an advantage over your larger competitors. Kronos Essentials can help.

Reduce your labor management costs

Kronos Essentials is the ideal time and attendance fit for organizations with fewer than 2,500 employees. It's a complete and easy-to-use solution that addresses your organization's workforce challenges and helps you to control your labor management costs — without overburdening your budget or your IT resources.

With Kronos Essentials you can:

Lower the administrative costs associated with staffing, scheduling, managing, and paying employees
Strengthen the effectiveness of your operations managers by providing them a line-of-sight into the utilization and the cost of labor
Save money by reducing overtime

Even better, you can count on your Kronos solution to evolve with your workforce management needs.

How can Kronos Essentials benefit your organization?

View a two-minute demo about time and attendance, employee data collection, absence management (leave management and attendance tracking), scheduling, or employee self-service.

Call us at (877) 844-1479 to learn more about how thousands of small to midsize organizations use Kronos solutions every day.

Discover more about workforce management solutions for management and operations professionals:

IDC Analyst Connection: Gaining Control of Your Most Expensive Resource
White Paper: The Successful Executive's Secret Weapon
White Paper: Strategic Time and Labor Management
Visit the Resource Center for additional documents

¹Payroll inflation rate (overtime, unworked hours) ranges from 0.05 percent to 1.32 percent of total payroll (Nucleus Research).

²In an average company, 19 percent of employees have participated in the practice of buddy punching at least once per year. According to Nucleus Research, most companies experience losses ranging from 1.5 percent to 3 percent of gross payroll.

³Circadian — Absenteeism: The Bottom Line Killer, p2, 2005.