Kronos Workforce ReadyProduct Overview
- About Kronos Workforce Ready
- Pros of Kronos Workforce Ready
- Cons of Kronos Workforce Ready
- Breakdown of core features
Kronos Workforce Ready product overview
The Kronos Workforce Ready suite combines the workforce management and human capital management (HCM) in one unified cloud platform to help manage your entire workforce from pre-hire to retire—whether they’re salaried, hourly, full-time, or part-time. It is a single cloud-based solution that incorporates recruiting, onboarding, performance management, compensation planning, time and attendance, scheduling, absence management, payroll, and more. A single employee record is shared across applications, and employee data is maintained in a single database. A single user interface pulls reports and launches workflows across the entire organization. Data updates are instantaneous and accessible to managers, HR, and more.
Pros of Kronos Workforce Ready
Workforce Ready not only brings employee records into one place, but it also cuts out the need for separate software for things like payroll and HR that often lead to employee records and updates being siloed or inaccessible to different teams.
Cons of Kronos Workforce Ready
Workforce Ready has a modular structure that may not be preferred, however, the modules provide flexibility to purchase only the capabilities needed and offer the ability to add modules as you need them.
Breakdown of core features
Create and track internal and external job requisitions with appropriate approval workflows by leveraging your human resource solution. In addition to building your own searchable career site, job board integration to a network of free and premium job boards extends your reach to additional qualified candidates. Applicants can search jobs, upload resumes, and apply online with configurable job applications. Recruiters can define, track, and manage stages or steps in the recruiting process. Configurable email templates make it easy for human resources to communicate with candidates, keeping them informed and engaged every step of the way.
As a single, end-to-end solution, Workforce Ready HR offers one employee record, which reduces reporting complexities. You can store and track all employee information from one location and create reports that provide valuable information to executive teams for more informed decision making. Workforce Ready HR streamlines routine tasks such as benefits, open enrollment, and performance management using virtually no paper, which is further aided by employee self-service tools and mobile access. Built-in, configurable workflows help you easily manage tasks and schedules associated with job requisitions, new hires, termination, promotions, and more. And a configurable workflow engine automates your unique business processes and drives more consistent policy enforcement.
Workforce Ready HR helps you avoid costly noncompliance fines and litigation by supporting proactive compliance with changing labor laws and regulations such as the Fair Labor Standards Act (FLSA) and the Affordable Care Act (ACA). It provides all the tools, visibility, and reporting you need to manage your organization’s compliance strategies.
Payroll & Compensation
Process payroll on your own schedule and complete special check runs such as commissions or bonuses without worrying about extra charges. You get the flexibility to complete as many separate payroll runs as you need. All payroll data is readily available through intuitive, highly configurable standard and ad-hoc reporting. Built-in tools make it simple to modify standard reports and to sort, group, filter, or customize report content for any time period. Perfect Paycheck Analysis ensures calculation of the perfect paycheck while offering insights to inform next year’s budget planning.
Easily enforce absence-related policies, including federal, state, and organization regulations. The system makes it simple to confirm each employee’s eligibility for paid and unpaid leave based on vacation, sick time, and other user-defined criteria. Managers are automatically notified when employees exceed established thresholds to help ensure compliance. Define the budget for each compensation cycle using an intuitive, spreadsheet-like interface. The application supports both top-down and bottom-up budgeting processes—with appropriate approval workflows—and your choice of salary structure.
(Last updated on 05/12/2020 by Marshall Bright)