Kronos Incorporated

I continue to be impressed with Kronos, their executive team, their products and most importantly, their happy clients. As Ed Colby boldly states, this is one of the products in the HCM arena that shows significant ROI in each and every install base.

As an Analyst/Media covering the event, as well as a member of the Workforce Institute Board, I really get the inside track on how well this firm is performing. Remember, until they bought Unicru and Deploy and the HRMS/ Payroll product they were a one-product firm - Time and Attendance. In three short years they have moved their footprint to include talent acquisition for field-based, hourly workers, payroll and basic HRMS (500 clients) and other ancillary products such as scheduling, absenteeism, activities, etc.

So some of the highlights in the last year as they became a private firm again.
Increased revenue from $662M to $720M
Global expansion with offices in China and India
$97M in cash
Moved all Talent Management to new (Deploy) platform vs 8.3; was available in January 08.
General improvements around all products including dedicated development team on the HRMS/Payroll product line
Hired The Right Thing (RPO vendor) for their 200 open reqs (although they have a hiring freeze on right now)
They remain the 800-pound gorilla in both the workforce management space (time and attendance/scheduling/absenteeism) with Workbrain/infor virtually disappearing. They have managed to convert a number of marquee Workbrain clients back to the Kronos family.
Although attendance was down from previous years (everyone loves Vegas as opposed to Orlando), it was still a very impressive turnout with over 1,000 clients in attendance. But then again, they do have 24,000 clients worldwide.
Joyce Maroney is one of the rising stars in the organization, and an expert across many of their products. She is frequently the media point person on some of the great research they do. I love Kronos’s open and fresh approach to media. Where most vendors tell you everything is always perfect, you can always count on Joyce and Aron Ain, their CEO, for the straight goods. They are not afraid to admit that this product is not performing as well as they had hoped; this integration was harder than they thought.
Kronos sets an example for all HCM firms. You can be an 800-pound gorilla in one vertical (hourly workforce) and do it very well … I believe focus has been their key to growth and success. Maybe many other firms can learn from this.