|This article needs additional citations for verification. (December 2013)|
|Founded||October 31, 1977|
|Founder(s)||Mark S. Ain|
|Headquarters||Chelmsford, Massachusetts, United States|
|Parent||Hellman & Friedman|
Kronos was founded in 1977 by Massachusetts Institute of Technology (MIT) alumnus Mark S. Ain. Under Ain's leadership, Kronos sustained one of the longest records of growth and profitability as a public company in the software industry. Ain's brother, Aron Ain, succeeded him as chief executive officer in 2005. Mark Ain continues as chairman of the Board of Directors.
Originally a manufacturer of timeclocks, the majority of Kronos revenue is now derived from software and services. The company provides applications for workforce management, as well as consulting, education, and support services to its customers, including cloud services.
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- Kronos was founded on October 31, 1977
- Delivered the world's first microprocessor-based time clock in 1979
- Kronos became a publicly traded company in 1992 (Nasdaq) and went private again in 2007
- Delivered its first PC-based time and attendance product in 1985
- Under Mark Ain's leadership, Kronos sustained one of the longest records of growth and profitability as a public company in software industry history — second only to Microsoft
Products and Services
- Time and attendance
- Absence Management
- HR & Payroll
- Labor Analytics
- Kronos InTouch
- Kronos 4500
- Kronos 4500 Touch ID with biometric verification
- Kronos 4510 Touch ID designed specifically for gaming
- Workforce Teletime and TTE (telephone time entry solution) which provides employees with telephone time-tracking access to a workforce management system
- Handheld devices which give anytime, anywhere access to mobile employees
- Cloud Services
- Implementation Services
- Educational Services
- Support Services
- Optimization Services
Kronos has conducted more than 60 acquisitions, some of the most notable including:
- Ad Opt Technologies
- Principal Decision Systems International (PDSI)
- 3i Systems
- Unicru, Inc.
Litigation with EEOC
Highlighting the potential risk to employers of using employee selection tests to filter applicants, the Third Circuit Court of Appeals enforced an EEOC subpoena directed to test-maker Kronos, Inc., in a disability discrimination case. EEOC v. Kronos Incorporated, Civ. Act. No. 11-2834 (September 14, 2012, Third Circuit). The involved employer, Kroger, acknowledged that the Customer Service Assessment test created and administered by Kronos had factored into the decision to deny employment to the applicant.
Kronos objected to the EEOC’s subpoena on the basis that the information requested was irrelevant, and production would require Kronos to disclose protected trade secret information. Rejecting those arguments, the court ruled that "evidence that would 'cast light on' either a claim for disparate treatment or disparate impact caused by the use of Kronos' assessments would be relevant", and stressed the ADA prohibition on the use of employment tests that "'screen out or tend to screen out' disabled people and the use of the test is not 'job-related for the position in question' and consistent with business necessity'". The Third Circuit found that the District Court had abused its discretion in limiting the scope of the subpoena to documents pertaining to the assessment tests purchased by the grocery store chain, or that the store relied upon in creating or implementing the disputed tests. The Third Circuit also rejected the District Court's narrowing the subpoena to disability-related information. It reasoned that information about Kronos’ testing methods would aid in determining whether such tests were discriminatory.
This Kronos assessment measures five personality attributes that collectively constitute the "five factor" model: conscientiousness; agreeableness; extroversion; openness; and neuroticism. The Five Factor Model is a "dimensional" model of personality. A "dimension" refers to a continuum on which an individual can have various levels of a characteristic, in contrast to the dichotomous categorical approach in which an individual does or does not possess a characteristic. In the dimensional models of personality disorders, personality disorders are classified according to which characteristics are expressed at which levels. This stands in contrast to the traditional categorical models of classification, which are based on the Boolean presence or absence of symptoms and do not take into account levels of expression of a characteristic or its underlying dimension.
The Kronos decision highlights the risk that improperly validated or administered selection tests may trigger employer liability for employment discrimination. When using selection tests, or when contracting with others to administer such tests, employers need to make sure of three things in particular: First, the tests must have been properly validated for the specific positions and purposes to be used (meaning the test or other selection device must be job-related and its results appropriate for the employer's purpose). Second, the tests must be administered without regard to race, color, national origin, sex, religion, age, disability, or any other protected characteristic. Third, the tests must be routinely reviewed to be sure that they continue to be non-discriminatory as applied and from an adverse impact standpoint.
- Kronos company fact sheet
- Kronos Corporate Governance: Executive Leadership Biographies
- Kronos Corporate Governance: Executive Leadership Biography
- Today In Business | Buyout Deal For Kronos
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- UPI | Workers 'sick' of commuting
- Business Systems News | Software and services reduce employee absence costs
- Industry Week | Improving Performance and Maximizing Efficiency for Manufacturers' Hiring Processes
- IDC Analyst Connection: Workforce Management Software and the IT Organization: Benefits of Services in Cloud
- Kronos acquires AD OPT for $68,200,000
- or http://www.kronos.com/pr/kronos-acquires-public-safety-scheduling-leader-pdsi-and-its-telestaff-product.aspx Venture Beat
- Kronos Acquires Australian Workforce Solutions Business of Simplex International Pty. Ltd. in Completion of 2001 Transaction
- Kronos Acquires Stromberg from Paychex…from Kronos
- Boston Business Journal: Kronos acquires 3i systems
- Market Watch: Kronos Acquires SMB Workforce Management Leader SaaShr.com