KRONOS for MANUFACTURING. Increase Productivity, Control Costs and Gain a New Competitive Edge

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1 KRONOS for MANUFACTURING Increase Productivity, Control Costs and Gain a New Competitive Edge

2 Kronos has been part of making our whole organization Lean, efficient, and very productive. Kent Knight, Senior Manager of Business Finance American Eurocopter

3 What s New Kronos for Manufacturing MOBILE SOLUTIONS FOR EMPLOYEES ON THE GO. As a manufacturer, you ve always had employees who simply aren t in front of a computer every day. And with an increasing number of mobile employees today, it can seem difficult to provide them with access to important workforce management information. Give mobile employees anytime, anywhere access to your organization s workforce management solution using easy, intuitive mobile applications for the same smartphones and tablets they already use. Technicians, field staff, delivery personnel, and other mobile employees will love how easy it is to complete any workforce management task while HR, administrators, and supervisors will all save time and become more productive. HR AND PAYROLL SOLUTIONS THAT WORK FOR TODAY S MANUFACTURERS. Razor-thin margins. Rising costs. Constant pressure to cut prices. All of these factors make it difficult to compete in manufacturing today, making it imperative that manufacturers increase productivity, control labor costs, and allocate more resources to your most strategic initiatives. Integrated human resources and payroll solutions will transform the way you hire, manage, and reward employees. Automate key HR transactions to spend less time on paperwork and more time on strategic objectives Eliminate payroll service bureau fees, improve payroll accuracy, and gain efficiencies over the entire payroll process. All to save time and enable staff to focus on critical business goals. KRONOS IN THE CLOUD. Sure, a workforce management solution sounds like a good idea, but many manufacturers might not have the in-house resources to manage it efficiently and not overburden your IT staff. Kronos Cloud Services will give you a proven alternative to your in-house staff by handling the technical issues related to managing, monitoring, and hosting your workforce management solution. No matter how you choose to deploy your application on your own site or with Kronos, we have flexible solutions to meet your needs, so you can get back to what s really important: growing your business.

4 CONTROL LABOR COSTS Provide the Perfect Paycheck Now, the quest to provide the perfect paycheck the right pay at the right price at the right time doesn t have to be an impossible task. First up: eliminating manual payroll efforts and the errors that go with them. Getting rid of paper-based methods saves time and increases productivity, but it also helps to eliminate buddy punching and other forms of abuse all critical to improving payroll accuracy. With Kronos for Manufacturing, you ll also automate repetitive actions and improve efficiencies at every step, all to keep total costs low. Finally, by gaining a highly repeatable process that minimizes errors and wasted time, you ll deliver the perfect paycheck, on time, every time. MINIMIZE COMPLIANCE RISK Foster Consistency and Confidence Litigation on behalf of nonexempt employees over alleged violations of state and federal labor laws including the Fair Labor Standards Act (FLSA) and the Family and Medical Leave Act (FMLA) is on the rise in manufacturing. Part of the challenge is related to how difficult overall compliance can be. Manual processes and disparate systems simply can t get the job done, and they increase your risk of violating union bargaining agreements, industry regulations, or state and federal statutes. Noncompliance can be extremely expensive but also contributes to employee complaints, grievances, low morale, and even high turnover. Kronos for Manufacturing presents a comprehensive solution for all of these challenges. Automation is key to complying with regulations and labor laws. We can help you track the status of employee training, certifications, and safety profiles, with expiration alerts that notify you before they become an issue. And with detailed records and complete labor audit trails, your organization can streamline compliance-related efforts and help ensure compliance with even the most stringent requirements. GLOBAL WORKFORCE MANAGEMENT SOLUTIONS With over 20,000 customers in more than 100 countries, Kronos helps manufacturers of all sizes manage their most valuable strategic asset their workforce.

5 IMPROVE WORKFORCE PRODUCTIVITY Boost Efficiency The first step toward getting the most out of your workforce is scheduling the right people to work at the right time. With Kronos for Manufacturing, you can connect production demand directly to employee scheduling so you can start each shift with the right mix of employees and skills for getting the job done. You also can t let unplanned absences and late arrivals interfere with your delivery deadlines. Kronos for Manufacturing lets you establish policies that improve attendance complete with rewards for top performers and penalties that discourage poor behavior. Production lines will start on time, and you ll decrease overtime costs for replacement workers. And since you can t predict or control every variable that might pop up on any given day, Kronos for Manufacturing gives you a real-time look into what s happening on the shop floor. Gain insight into material delays, machine downtime, and changed delivery dates in time to redeploy employees, all to help minimize delays and added costs. You can even use these same tools after the fact to bring systemic problems to light, uncover trends; and identify opportunities for improvement. ACCURATE LABOR COSTING Know Where the Dollars Are Going You need to understand exactly how much it costs to design, build, and deliver your products. Not only does this information help keep costs low, but it allows you to remain competitive and make better-informed decisions regarding pricing, outsourcing, discounts, vendor negotiations, and more. Kronos for Manufacturing gives you a better way to allocate actual labor costs to production so you can account for how every labor dollar is spent. The solution makes it possible to move beyond using standard costs for labor, even when your labor picture includes complexities such as different wages, premium pay, partial shifts, and team allocation. With Kronos you can allocate 100 percent of your actual labor costs to production. No more estimates and unexplained variances. From now on, you ll have fact-based labor details on the profitability of a specific production line all to deliver maximum visibility and help you make the most effective business decisions possible. LEAN LABOR Apply a proven concept to workforce management Lean labor has become a survival guide for manufacturers of all sizes facing global competition today. Many manufacturers think of Lean as an effective way to reduce unit costs and remain competitive especially in managing the supply chain, equipment, and daily processes. But savvy organizations realize they can apply Lean principles to the way they manage their workforce too. How? Take advantage of Lean to significantly improve your operations everything from increasing resource utilization to gaining a more accurate understanding of product costs. You will also see how Lean can help you increase workforce flexibility and agility so you can focus on driving top-line revenue growth. At the same time, Lean principles can help ensure labor is aligned with actual demand, which leads to shorter lead times, reduced costs, and a stronger bottom line.

6 Kronos is the global leader in delivering workforce management solutions in the cloud. Tens of thousands of organizations in more than 100 countries including more than half of the Fortune 1000 use Kronos to control labor costs, minimize compliance risk, and improve workforce productivity. Learn more about Kronos industry-specific time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications at Kronos: Workforce Innovation That Works. Put Kronos for Manufacturing to work for you: kronos.com/manufacturing Kronos Incorporated 297 Billerica Road Chelmsford, MA Kronos Incorporated. Kronos and the Kronos logo are registered trademarks and Workforce Innovation That Works is a trademark of Kronos Incorporated or a related company. All other product and company names are used for identification purposes only and may be the trademarks of their respective owners. All specifications are subject to change. All rights reserved. Printed in the USA. MF0128-USv1