Kronos Live 2016: Manage with metrics
Manage, measure, utilize efficiently – these three buzzwords describe what Kronos’ workforce management software can provide for your organization. Every industry faces a similar set of challenges – how can they achieve competitive advantage and correct operational efficiency specially by managing their most valuable, and expensive, strategic asset – their workforce.
According to Kronos statistics and as pointed out by Neil J Solomon in his keynote speech “The increasing relevance of Workforce Management Platforms” at the 3rd Kronos Live 2016 held at Mumbai, workforce is set to grow to 48.7 million in 2019 from 45.9 million today. There will be an increasing number of mobile workforce, and by 2020 the average Indian will be 29 years of age compared with 37 in China and the US, 45 in Western Europe. About 65.3% population will be between 16-64 years of age. With external challenges intensifying competition, businesses in India need to catch up with the global competition as well as local competitions with respect to usage of high-end technologies, investment capacity, and best practices and processes. This was also corroborated by Aon team who presented at the session titled “Today’s workforce strengths and insights for Data driven employee engagement.” According to Aon’s stats presented by Radhika Gopalkrishnan and Ajit Nair, by 2020, India will have the world’s youngest and largest working population with one-third of the workforce under 30 years of age.
It has become essential for organizations to align their workforce management innovations with the changing nature of workforce. And here thriving organizations are leveraging Kronos integrated suite of applications designed to help them plan, schedule and analyse their workforce for optimum impact. At the event, Prasenjit Bhattacharya, CEO, Great Place to Work Institute, India said that data is re-defining how we make decisions such as in hiring and selecting the right candidates. Traditional HR which was characterised by ‘one-size-fits-all model, inflexible career path, metrics not important to business among others are slowly going away to a much more data-driven processes. “HR’s only business is to enable people to be business ready,” said Bhattacharya.
Kronos’ comprehensive cloud-enabled workforce management solutions helps organizations of all sizes plan the best-fit people. The Kronos cloud help manage them with ease, pay them more accurately, and combined with Kronos data collection devises and self-service applications, it delivers complete automation and high quality information to help organizations work faster and smarter.
For example, UltraTech (Aditya Birla Group) and HUL described how Kronos helped in eliminating the guesswork about how many people the organization needed and where they needed them to be deployed to have the optimum usage. Time and attendance became automated, tracking employee activity became easier, managing absenteeism with just a click of a button. All these helped in controlling the labour costs, minimizing compliance risk and improve workforce productivity.
Priyadarshini Anand, General Manager, Change Management, Aditya Birla Group spoke about why Inclusive Contract Workforce is a must for ‘Make in India’ highlighting what the organization did to change the way it worked with the help from Kronos. And in the session titled “Employee Engagement is the Future of Workforce Management, Mallika Mutreja, HR Services Delivery Manager, Hindustan Unilever Limited spoke about how they leveraged technology to get their process streamlined and overcoming the challenges with Kronos assistance.
The event also saw Kronos present the Best Practice Awards to organizations which use the Kronos Workforce Management solutions with outstanding success.