New service helps uncover labor cost savings

Chelmsford, Mass. Kronos Inc. has introduced a new service designed to uncover significant labor cost savings through detailed analysis of an organization’s time and attendance information.

The Diagnostic Assessment analyzes an organization’s existing time and attendance data to uncover excess labor costs in areas such as overtime; schedule effectiveness, time that is paid but not worked and absenteeism.

The service searches out trends and outliers in each of these areas, and uses the organization’s own historical performance to identify root causes contributing to the excess labor expense. A report then identifies potential areas of cost savings and recommends actions to reduce labor expense and improve work force performance.

"In this difficult economic climate, organizations are looking for ways to trim labor costs without eliminating jobs,” said Christopher Todd, VP services, Kronos.