jobable formerly hiring screen is a hong kong based jobs board and career platform that lists candidate job applications for employers , and job opportunities for job seekers , in order of their suitability using algorithms and big data .

jobable

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if i need to recruit someone , my first thought will always be jobable .
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assistant education officer / history · government of the hong kong s . a . r . · hong kong | jobable
currently 14 - strong , jobable has a team of seven data scientists headed by a phd data expert who worked for deloitte .
cathay pacific , ua finance , asia miles , chandler macleod and many more are already using jobable to hire the best talent .
the jobable program drastically reduces injury potential and expedites the return - to - work process in workers ' compensation and std / ltd cases .
luke byrne , jobable’s chief product officer says , “the jobable score is really just the start for building a relationship of trust with job seekers . ” in the near future , job seekers will receive feedback on the reasons why their score fell short against other applicants for the same position , giving them an opportunity to up - skill or improve their work experience . we don’t believe many other products and services are thinking about the job seeker’s experience in the way we are at jobable . ”
jobable is a software program that provides employers with the most advanced human resources and case management tool to achieve the most accurate job - matching and expedited return to work programs .
southeast asia , with a high growth rate in smartphone usage in the region , lacks good mobile - optimized career search platforms and this is where jobable can tap into , he says .
jobable , which now focuses on the hong kong market , has drawn 35 , 000 registered job seekers since its launch in early march this year , with nearly all of them from hong kong .
“at jobable , we think about developing first on mobile ; desktop can easily come later . it’s so important that you have a smartphone friendly career platform for users to apply online and view the positions , ” he explains .
richard hanson , chief executive officer , jobable says , “we want the jobable score to be the ‘signal in the noise’ for job seekers and employers . our goal is to save time for everyone involved in the recruitment process . job seekers are guided towards open positions that they have the best chance of being short listed for and being offered an interview . at the same time , hr managers and recruiters quickly identify the talent pool most suitable for the roles they are offering . ”
he aims to accelerate the process with his hong kong - based startup jobable , which he co - founded with luke byrne in 2014 . backed by a machine learning algorithm , the technology automatically quantifies all relevant data points in resumes into relevance scores .
jobable provides an interactive database of the physical demands of jobs and allows physicians , insurers , case managers , therapists , or any of an employer ' s own personnel , including risk managers , safety managers and human resources to directly compare a worker ' s abilities to the job requirements .
whilst we’re proud to have so many of hong kong’s top employers using jobable , we wouldn’t be able to do what we do without the support of job seekers like you . that’s why we always respond to every piece of feedback you give us and why we’re always thinking of ways to improve your job search experience !
the company is aiming for jobable score to become the ‘go - to’ industry standard that any asia focused talent pool is initially assessed by . expansion to other asian countries is already in the pipeline for enhancing the recruitment process for companies and job seekers more widely . both byrne and hanson are thinking of allowing customers to access the platform and matching score through a public api .
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editor’s note : tech startups have spread to the human resources sector , banking on machines to help enterprises sort out long and complicated resumes of job applicants smartly and efficiently . data show that investments in hr ( human resources ) tech startups hit $ 2 . 4 billion globally last year and are set to rise .
data - driven innovations have remolded the face of businesses , and have come to change the way companies hire .
former headhunter richard hanson understands the monotony and , more importantly , the inefficiency in having to manually go through thick volumes of resumes from job applicants . he believes machines can do the work faster , smartly and more efficiently .
immediately based on the scores , the most relevant positions will be recommended to job seekers , and the right candidates will be pushed to the recruiters .
hanson says the algorithm saves time for employers , especially in handling jobs that tend to draw a large number of applications , as well as for industries with a high turnover rate and having to go through the hiring process repeatedly .
previously known as hiring screen in stealth mode , the company conducted “a scientific experiment” in matching resumes and job descriptions .
it had a team of data scientists working on it over 18 months on scoring algorithm , and spoke to recruitment professionals in the industry to prove that the company’s scoring system works , hanson told china daily .
last september , the firm raised $ 800 , 000 in seed funding from european and asian angel investors who showed great interest in “hr tech” startups . they saw potential in innovation in the traditional industry .
according to cb insights — a new york - based investment database — investment in hr tech startups around the world hit a record last year with $ 2 . 4 billion raised although funding and deals dipped in the second half of 2015 . but , the sector bounced back in the first quarter of 2016 .
hr tech startups , which range from recruitment , payroll to insurance , had a lucrative software market exceeding $ 10 billion in 2014 , which is expected to grow to $ 17 . 49 billion by 2019 , according to india - based market researcher marketsandmarkets .
with an expanding middle class in countries like the philippines and indonesia , hanson expects an increase in demand for services that “help people get better jobs” as businesses make money and expand .
however , he admits that entering the complicated new markets in southeast asia does require time and research .
“we know it’s ( going to ) be different in each of these countries in how it works , ” he says .
“when we started out in hong kong , we spoke to over a hundred hr professionals and did a lot of interviews with job seekers , to try to understand the behavior of both sides . and , we’ll have to do that again when we go to the philippines and indonesia . ”
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byrne says that the scoring mechanism goes far beyond simple keyword matching , which he considers to be suitable only for the most basic jobs .
“if you want to hire a database administrator , you need to know that both oracle and postgresql are relational databases , but that mongodb , while a database , is not relational . in the same way , when hiring a maintenance technician , you need to know that a grade c electrical work certification automatically qualifies you for grade a work – but not the other way around . our algorithm has learned this , and uses this knowledge to assess the relevance of your work experience to the opening . ”
the hiring screen family , ceo is pictured richard hanson second row , second from left .
for nearly seven years , when richard hanson was working as an hr consultant in hong kong , he dealt with a daily influx of applications numbering in the hundreds , with no simple way to sort through them .
“i searched online for a solution to streamline the application flow , rather than spending hours manually sorting , ” says hanson , ceo of hiring screen . they’re a saas startup that sorts and ranks applicable candidates using big data .
for each job launch round , applicants apply directly through hiring screen’s provided link . the applications are sorted , based on metrics set by the employer . the information is then presented in a standardised format . a full analytics dashboard provides access to key metrics and statistics .
hanson , who hails from the uk , partnered up with friend and co - founder luke bynre prior to applying for the blueprint accelerator programme .
“i actually met luke when i recruited him for his previous job in hong kong , ” laughs hanson .
the team of eight recently closed us $ 800 , 000 in a fundraising round from undisclosed angel investors in hong kong and europe , and is expecting to roll out a new version of hiring screen in january .
each job launch – meaning each job position a company wants to fill – is priced at us $ 75 ( hk $ 580 ) , or can be purchased in a bundle . the interface is available in english , simplified and traditional chinese .
hanson chats with e27 about his experience and how the hr industry in china could benefit from tech - based solutions .
hiring is all about the human touch , but time should be spent meeting the right people . we’re not trying to say the most relevant person is the one you should hire . it is just the narrowing down of the pool of people and having an organised system .
that would happen if someone starts an application process and his / her sole purpose is to lie . during the submission process , the programme asks direct questions as vetted by the employer to reduce this risk . some employers , for instance , require cantonese or a work visa . hiring screen will ask these questions again .
something to emphasise though on the applicant side : we also provide the applicants with feedback or at least notification if they have not made the cut .
if 100 people are applying for one job , it is hard to give feedback . this is a big problem in hong kong . recruitment might not have the ability to follow up with someone if he or she is not a good candidate for the job . if these candidates can receive feedback , it’ll make them feel engaged . this reflects well on the company .
in the hr industry , europe is ahead in asia in terms of technology . some recruiting teams in hong kong are still using excel .
in hong kong , jobs in the retail , sales , hospitality , food & beverage , and manufacturing sectors have a high turnover . a new way of sorting applications is needed .
i went out and met with 30 heads of hr in different industries . everybody had the same frustrations including me , as someone who worked in hr both in the uk and here .
the problem with recruitment agencies is that they are incentivised not by quality but by how fast they work .
this is the same problem with job boards , which as a business model are interested in the revenue they receive from the post , as opposed to attracting candidates to apply .
hiring screen successfully joined an accelerator programme . what tips do you have for other startups in hong kong looking to do the same ?
we had a team before we got admitted to blueprint . going into the accelerator programme gives you validation and boosts your credibility . it’s important to understand where you are in your startup journey before joining one . do your homework on what you can achieve in an accelerator programme in hong kong .
for example , as a b2b tech startup , blueprint has great opportunities . if you’re doing hardware , check out brinc .
we want to prove ourselves first in hong kong . we definitely see thailand and the philippines as areas where people are increasingly on their mobile phones , especially when applying for jobs .
the post looking for your next employee of the year ? meet hiring screen appeared first on e27 .
worq raises us $ 2 . 5m to open co - working spaces in new locations in malaysia
it is everything a budding entrepreneur could wish for : prime office space , senior executives as mentors and access to potential clients and investors .
a growing number of hong kong blue - chip companies are offering all that , for free , in packages called accelerators - short - term , intensive programmes that help start - ups improve their business models and introduce them to professional investors .
since the whole point of start - ups is to disrupt traditional business models , for big businesses to give them a leg - up is akin to goliath helping david with target practice : it does not seem to be in their best interest .
yet , multinationals outside hong kong , from nike to royal dutch shell , have been running accelerators or in - house incubators for years . only now are the local goliaths beginning to buy into the idea that supporting start - ups is good business , however unlikely it sounds .
dbs , southeast asia ' s biggest bank , has recently launched an accelerator focusing on financial technology products . it supplies a 5 , 000 sq ft co - working space in wan chai and has assigned its own staff as mentors to 10 participants . companies such as tofupay ( a service that aims to make online transactions cheaper and easier for merchants in the region ) and superfluid ( a kenyan start - up offering a financial management app and analytics platform that helps businesses mine consumer data ) are among those that have been selected from more than 140 applicants in more than 30 countries .
through the programme , the singapore bank hopes to find new ideas on how technology can improve financial services and how to become more creative and quicker on its feet . it owns no stake in the companies and has no exclusive right to use their products .
still , david lynch , the bank ' s head of technology and operations for hong kong and the mainland , says it ' s either this or dbs will become irrelevant and replaceable .
barriers to entry have become lower , he says , as we see internet companies such as alibaba and tencent breaking into the mainland ' s fiercely regulated banking market .
this new wave of competition is coming from nimble , innovative , cloud - and mobile - first start - ups as well as the large technology players largely unencumbered by policy and regulation . we can passively observe and risk seeing large parts of our business lost to these new entrants . we have chosen instead to actively participate in the creation of a new financial technology ecosystem that will ultimately help us to deliver better service to our customers ,
he says .
a growing body of research reminds corporate behemoths that they should watch out for those little upstarts , including the oft - cited findings by richard foster at the yale school of management that , on average , 75 per cent of s & p 500 companies will be replaced by new companies by 2027 .
another company that wants to learn from start - ups is aia , the hong kong - based life insurer . sim preston , chief operations officer , says running an accelerator for start - ups that make hi - tech health products is part of efforts to transform the company ' s image after it split from aig in 2009 .
it is a way to get the aia name out there , tell people we are not a stodgy insurance company ,
he says .
it also hopes to encourage its 21 , 000 employees across asia to become more creative and to be willing to take more risks when suggesting new ideas . like dbs , aia has no claim on the companies that have taken part in its accelerator since march 2015 .
one graduate of aia ' s first accelerator programme is simple wearables , a hong kong - based health tech company co - founded by angelo umali and edwin li . the pair have created prototypes for a discreet , brooch - like alert device that can detect when wearers , mainly the elderly , have taken a fall , and notify family members or emergency contacts .
preston says such a device can help people live healthier lives and aia will have first - mover advantage in offering those products to its policyholders .
by using these products , we will end up paying out for fewer claims and can charge lower premiums . in the long run , that ' s better for our bottom line ,
he says .
all start - ups have a chicken - and - egg situation of finding their first customers . if you have no customers , nobody is willing to sign you up . having a multinational vouch for you gives you credibility .
aia has yet to place an order with simple wearables , but umali says getting the stamp of approval from a large company is the most valuable thing he ' s got out of the programme .
all start - ups have a chicken - and - egg situation of finding their first customers . if you have no customers , nobody is willing to sign you up . having a multinational vouch for you gives you credibility ,
says umali , who studied electrical engineering at ucla and stanford . he is busy preparing simple wearables ' first shipment to a large private hospital in the philippines .
aia is inviting applicants for its second , 12 - week accelerator , which begins on november 16 .
both the dbs and aia accelerators are co - organised with nest , a local venture capital firm that is aggressively expanding a
powered by nest
accelerator franchise - one sponsored and supported by kpmg , investhk , amazon and microsoft .
nest , co - founded by simon squibb , does not disclose the size of its portfolio but it is an investor and an incubator in dozens of start - ups around the world ( it acquired a stake in simple wearables before the aia accelerator kicked off ) .
its latest venture is a new accelerator for smart city solutions with infiniti , the nissan - owned luxury carmaker that moved its global headquarters to hong kong in 2012 . dane fisher , managing director for asia and oceania at infiniti , says its accelerator is aimed at driving change among the staff and integrating new ideas into its existing business .
it ' s not return on investment that we are after , just inspiration ,
he says .
successful applicants will get to use an open - plan office for free above infiniti ' s showroom in hopewell centre in wan chai .
together with swire properties ' blueprint , a co - working space and accelerator programme based in taikoo place , these private sector initiatives are complementing efforts by public bodies to make hong kong , one of the most expensive cities in the world to rent office space , a more viable launch pad for new businesses .
michelle buultjens , head of brand strategy and communications at blueprint , says that space happens to be swire properties ' biggest asset .
it has turned two floors of cornwall house into a factory for technology start - ups . the first floor is a subsidised co - working space that charges just hk $ 1 , 000 to hk $ 2 , 000 per person per month in rent . any technology start - up can apply to become a tenant . the second floor is for its accelerator . launched in january , it is now inviting applicants for the third intake of its six - month programme . ten successful start - ups will get to use the office for free and receive advice and other support from different arms of the swire empire .
blueprint was given a two - year budget of hk $ 20 million and may be extended beyond february 2017 , when cornwall house is slated for redevelopment .
swire properties , while stressing the need to learn from the start - ups and to be able to make use of new technology ahead of its rivals , is also doing this to make taikoo place more diversified and attractive to traditional tenants .
there was no start - up scene in the area before blueprint came along , says buultjens , and some of swire ' s tenants are very keen to work with fast - growing technology companies . among them is bird & bird , a global technology - focused law firm based in taikoo place that is now offering free advice to the accelerator participants .
one beneficiary is richard hanson , 31 , co - founder of hiring screen . the hong kong company , which has developed software to screen job applicants , has found - as simple wearables did with aia - that the swire brand is very helpful to a start - up .
the swire endorsement really impresses potential investors and customers ,
he says .
hiring screen aims to raise us $ 800 , 000 for a 20 per cent stake by early september and eight investors have already signed up .
but not everyone is convinced that these
no strings attached
accelerators are good for the backers and the start - ups .
sceptics include frederick
fritz
demopoulos , founder of queen ' s road capital , which has invested in chinese start - ups for more than a decade . he says the top incubators or accelerators in the world help start - ups gain traction because they have invested in them and want to make money .
one of the benefits of an accelerator is that it puts pressure on the entrepreneur . but if the backer owns no equity stake , then how much pressure can you apply ?
similarly , when the big company has nothing to lose , it will be difficult to convince staff members - often not used to looking beyond the immediate objectives of their own departments - to truly get involved in the projects , he says .
he also doesn ' t see an urgent need for more accelerators , when young companies are still enjoying unprecedented access to capital after rounds of quantitative easing .
everyone ' s a venture capitalist these days . everyone is looking for something to invest in ,
demopoulos says .
today , a company with a great product will be snapped up by investors or clients , whether they are in an accelerator or not .
there are probably more accelerators than grade - a entrepreneurs at the moment ,
he says .
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we are looking for qualified teachers to join our english team . position holder will teach english / english literature in various international curriculum and levels according to in - house designed customized or designated course outlines . opportunities to participate in strategic curriculum development are available and frequent communications about student learning development via various mediums will be required . for professional development , the position holder will participate in workshops and be observed for teaching practices .
an attractive remuneration package , incentive payment , training program , medical benefits , and sponsorship of staff well - being activities will be offered to the successful candidate , along with various career development and advancement opportunities . the school offers a friendly and multi - national working environment .
we thank applicants for their interest of working with us and please note that we could only contact shortlisted candidates .
we are an equal opportunity employer . personal data collected will be used strictly for recruitment purposes only and will be destroyed within 12 months .
ntk academic group , established in 1996 , is one of asia’s leading tuition centers . a wide range of international tutors at ntk provide help for students working on exams such as ib , igcse , sat & more .
- provide individualized and small group lessons to students preparing to take the ib , gcse , gce a - level and sat exams .
- mark and evaluate students’ performance and device study plan to motivate and assist students in their study .
- previous experience in taking the sat / act / ap / ib / gce / gcse exams is a definite asset .
address : 201 , 203 - 205 , 135 bonham strand trade centre , 135 bonham strand , sheung wan .
address : unit h , 6 / f , kings wing plaza i , 3 on kwan street , shek mun ( mtr exit c ) , n . t .
button . you can also attach your tailored cv and cover letter with your current and expected salary which we will use to review applications .
( all information provided by applicants will be kept confidential , and only for recruitment purposes . )
cana elite is a leading international education institution in hong kong . it was founded by teachers with british / american / canadian backgrounds . lessons offered range from ib , gce and gcse subjects , including english , mathematics , physics , chemistry , and more… our mission is to ensure a high quality education to our students , and to satisfy the needs for the underprivileged community in hong kong .
we are looking for teachers with relevant academic qualifications to join our teaching team . the successful candidate will teach english / english literature / history in various international curricula and levels based on in - house designed course outlines . you will have opportunities to participate in curriculum design and development . we provide continuous professional development workshops and training to our teachers . if you are passionate about teaching and would like to work in a company with a diverse culture , this is the opening you have been looking for .
location : appointments and personnel section , education bureau , room 1636 , 16 / f , wu chung house , 213 queen ' s road east , wanchai , hong kong .
( e ) to assist in the performance of special responsibilities , administrative work and non - teaching duties of the school , such as school curriculum development , civil / moral / sex education , school discipline , student counseling , career guidance , school / public examinations , etc .
a successful candidate may be required to teach any subjects assigned by the education bureau .
( b ) met the language proficiency requirements of ' level 2 ' results in the two language papers ( use of chinese and use of english ) in the common recruitment examination ( cre ) , or equivalent . [ see notes ( a ) to ( c ) ]
appointments and personnel section , education bureau , room 1636 , 16 / f , wu chung house , 213 queen ' s road east , wanchai , hong kong .
master pay scale point 15 ( hk $ 28 , 040 per month ) to master pay scale point 33 ( hk $ 65 , 150 per month ) . [ see general notes ( d ) and ( e ) ]
are you a permanent resident in hong kong ? do you have interest in public service ? do you have what it takes to work for the government ? finding employment with the hong kong government can be a very fulfilling career path . the first step is to pass the civil service examinations unit , which consists of the common recruitment examination , the basic law test , and the government standard examination . applying for a government position may require a few more steps than an ordinary , private sector job – but the reward is worth it .
requirements : a master’s degree in buddhist studies or related disciplines . candidates should have substantial experience in conducting research in chinese buddhism ; excellent command of written chinese ; ability to work independently with minimum supervision and under tight schedule ; and be attentive to details . preference will be given to candidates with sound knowledge of and interest in the buddhist monastic discipline .
candidates with less experience or lower qualifications will be considered for appointment as research assistant .
( those who have responded to the previous advertisement in february 2017 need not re - apply . )
salary and conditions of service salary offered will be highly competitive , commensurate with qualifications and experience . fringe benefits include leave , medical and dental consultations at the campus clinic .
. applications will receive full consideration and only shortlisted applicants will be contacted . the university’s privacy policy is available on the homepage .
city university of hong kong is an equal opportunity employer and we are committed to the principle of diversity . personal data provided by applicants will be used for recruitment and other employment - related purposes .
worldwide recognition ranking 55th , and 4th among top 50 universities under age 50 ( qs survey 2016 ) ; 1st in engineering / technology / computer sciences in hong kong ( shanghai jiao tong university survey 2016 ) ; and 2nd business school in asia - pacific region ( ut dallas survey 2016 ) .
founded in 2009 by oxbridge and ivy league graduates , arch education is an expert educational institute based in hong kong , with partner offices in uk and us . arch’s mission is to bridge the education gap through delivering transformational programs and providing expert guidance on international education , with the aim to equip students for their future educational and career goals . you can find more information about us at www . arch - education . com .


kronos incorporated is a u.s.-based multi-national workforce management software and services company headquartered in chelmsford , massachusetts , united states , and employing more than 5,000 people worldwide .

kronos incorporated

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kronos incorporated will collaborate with microsoft , via the workforce dimensions technology partner . . .
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kronos incorporated has launched workforce dimensions , a new workforce management solution , that repr . . .
kronos : global hospital workforce management software market study 2018 - mckesson medical - surgical inc . , kronos incorporated , infor , adp
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kronos : kronos now valued at $ 6 . 5b after pe owner buys in again
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kronos incorporated today announced that it has acquired financial management solutions inc . ( fmsi ) , a leading provider of workforce management and analytics applications for the credit union and retail banking industry .
kronos , incorporated is a privately - held company which developed a workforce management software and services . thousands of customers in more than 100 countries rely on kronos global workforce management to better manage their workforce in the cloud . . . .
principal subsidiaries : kronos computerized time systems , inc . ( canada ) ; kronos de mexico , s . a . de c . v . ( mexico ) ; kronos international sales corp . ( u . s . virgin islands ) ; kronos securities corporation ; kronos s / t corporation ; kronos systems limited ( united kingdom ) .
kronos incorporated is the most trusted name in workforce management . kronos helps organizations staff , develop , deploy , track , and reward their workforce , resulting in reduced costs , increased productivity , better decision - making , improved employee satisfaction , and alignment with organizational objectives . more than 20 million people use a kronos solution every day . learn more about kronos ' high - impact enterprise solutions at urltoken .
about kronos incorporated 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 urltoken . kronos : workforce innovation that works ™ .
owler has collected 19 screenshots of kronos ' website since jul 2012 . the latest kronos website design screenshot was captured in may 2018 .
kronos ' s ceo , aron j . ain , currently has an approval rating of 72 % . kronos ' s primary competitors are
kronos incorporated today announced it has been named by fortune magazine and great place to work as one of the 2018 best workplaces for millennials . additionally , in a separate competition , the boston business journal ranked kronos as one of the best places to work in massachusetts , where the company is headquartered , for the ninth year in a row .
kronos incorporated ( nasdaq : kron ) has acquired privately held captor . with headquarters in belgium , captor is a provider of workforce management solutions serving customers throughout europe . kronos ' acquisition of captor brings together two market leaders with a shared vision to help organizations around the globe effectively manage their workforce . financial terms of the agreement were not disclosed .
since kronos was founded in 1977 , it has participated in 1 round of funding . in total kronos has raised $ 750 . 0m . kronos ' funding round was on feb 2014 for a total of $ 750 . 0m
more than 150 former simplexgrinnell customers have transitioned to kronos solutions since kronos acquired the company ' s north american operation , citing kronos as offering the industry ' s most feature - rich , well - architected time and labor solutions .
kronos incorporated is a single - source provider of human resources , payroll , scheduling , and time and labor solutions . kronos ' best - in - class employee relationship management solution enables organizations to reduce costs and increase productivity , improve employee satisfaction , align employee performance with organizational objectives , and put real - time information in the hands of decision makers . more than 40 , 000 organizations trust kronos to solve their employee - centric business challenges . learn more at urltoken .
) - - sept . 14 , 2005 - - kronos ( r ) incorporated ( nasdaq : kron ) today announced that mark s . ain , founder , chairman , and chief executive officer of kronos , will become executive chairman of the board of directors . as part of the succession plan , aron ain will become chief executive officer , and paul lacy will become president in addition to being the company ' s chief financial officer . these changes will become effective on monday , oct . 31 , exactly 28 years after kronos was incorporated on monday , oct . 31 , 1977 . aron ain is also expected to be elected to the board of directors at the board ' s next scheduled meeting .
the ymca gains improved efficiency , accuracy , and compliance using kronos workforce ready .
no company is perfect , but i truly believe that kronos tries to be .
this is the second acquisition completed by kronos in fiscal year 2016 , and the most recent example of kronos investing in acquisitions to deliver innovative technology to customers .
the workforce institute at kronos announces new european board member , dr . steffi burkhart
) - - may 13 , 2003 - - kronos ( r ) incorporated ( nasdaq : kron ) today announced that it has acquired the australian workforce solutions business of simplex international pty . ltd . in a cash purchase transaction . kronos agreed to purchase simplex ' s australia operation in conjunction with its december 2001 acquisition of the north american workforce solutions business of simplex international ' s affiliate , simplexgrinnell lp .
kronos incorporated today announced that , for the third consecutive year , chief executive officer ( ceo ) aron ain has won a prestigious glassdoor employees ' choice award honoring top ceos in 2018 . ain ranked 27th out of 100 ceos across all industries in countries throughout north america and parts of europe - up from 54 in 2017 .
kronos currently has 39 , 388 followers on twitter . as of july 2013 kronos had 17 , 438 followers . that ' s a 125 percent increase in 4 years
kronos currently has 24 , 946 fans on facebook . as of july 2013 kronos had 5 , 150 fans . that ' s a 384 percent increase in 5 years
connect with kronos via facebook , twitter , google + , linkedin , and youtube .
serve the public good more efficiently , cost - effectively , and transparently with kronos .
kronos helps you do more with less for stronger support of students and the community .
keep employees engaged and productive with complete , easy - to - use kronos solutions .
kronos ' divisions serve a variety of labor and management needs , and include : hiring solutions group , ad opt solutions group , labor analytics solutions group , kronos iseries solutions group , kronos telestaff solutions group , indianapolis technology center , and the ezcall solutions group .
aron ain is the chief executive of kronos , a maker of work force management software .
kronos is a provider of cloud - based workforce and human capital management solutions for enterprises and businesses . kronos ' s headquarters is located in lowell , massachusetts . aron j . ain is the ceo of kronos and has an approval rating of 72 from owler members . the blackstone group l . p . , gic private limited , and hellman & friedman , llc are some of kronos ' s investors . kronos ' s top competitor is workday , led by aneel bhusri , who is their co - founder & ceo . kronos has 7 , 888 followers on owler .
the ymca of greater boston gains improved efficiency , accuracy , and compliance using kronos workforce ready .
kronos acquires australian workforce solutions business of simplex international pty . ltd . in completion of 2001 transaction
kronos will continue to support the acquired customers through a dedicated team of fmsi employees , and fmsi customers will have access to a comprehensive and complementary array of kronos hcm and workforce management solutions .
kronos has over 5 , 300 employees across 18 countries . our offices around the globe include :
this acquisition deepens kronos’ expertise within the financial services industry , specifically the credit union and retail banking segment , complementing kronos’ human capital management ( hcm ) strength with unique functionality for optimizing branch operations .
upon completion of the acquisition , unicru will operate as kronos ' talent management division , headquartered in beaverton , oregon . chris marsh will join kronos as division president to lead the talent management division .
revenue from kronos ' cloud software increased by 62 percent in 2015 , and the company currently has 16 , 000 customers using its kronos cloud software , up from about 12 , 000 in 2014 .
are what got kronos to where it is today . true , our job in engineering would be a
on october 31 , 1977 , kronos® was incorporated , named for the greek word for time . in june 1978 , after an initial round of angel capital funding , the company moved into an old ironworks plant in brighton , mass . including the proceeds of its 1992 initial public offering , the company raised only $ 19 million in funding — a remarkably small amount for what is now a billion - dollar company .
i ' ve worked at kronos for many , many years . i have always appreciated that kronos values new talent . someone just joining the company can be just as impactful as a tenured employee . kronos continues to strive for a positive and healthy work environment . it emphasizes employee development and work / life balance . kronos supports community service activities . all of this while engineering products that bring real value to its customers .
proven kronos workforce management solutions help meet your workforce needs regardless of your industry or where you do business .
kronos is a leading provider of workforce management and human capital management cloud solutions . kronos industry - centric workforce applications are purpose - built for businesses , healthcare providers , educational institutions , and government agencies of all sizes . tens of thousands of organizations – including half of the fortune 1000 ® – and more than 40 million people in over 100 countries use kronos every day . visit urltoken . kronos : workforce innovation that works™ .
the emlogis smartrules scheduler will be integrated into the kronos workforce ready human capital management ( hcm ) suite .
bob delponte , vice president and general manager , workforce ready group , kronos “the acquisition of the emlogis ip will help kronos more rapidly deliver enhanced scheduling capabilities that will further support employee engagement , benefiting both existing and future kronos customers . organizations face unique challenges as they seek to recruit , retain , and manage the most engaged workforce possible , and kronos is committed to delivering them enterprise - class hcm solutions that meet these needs . ”
kronos acquires australian workforce solutions business of simplex international pty . ltd . in completion of 2001 transaction | business wire
acquiring fmsi also supports kronos’ saas expansion strategy , which remains the fastest - growing aspect of the company’s business .
workday is the top competitor of kronos . workday was founded in 2005 , and its headquarters is in pleasanton , california . workday is in the business support services field . workday has 3 , 018 more employees than kronos .
bob hughes , chief strategy officer , kronos “kronos’ acquisition of fmsi demonstrates our commitment to helping financial services organizations , especially credit unions and retail banks , more effectively manage their most valuable asset - the workforce . kronos believes that great businesses are powered by great people , and employee engagement is critical for success . together with kronos human capital management offerings , fmsi solutions can help create a work environment for our customers in which employees feel valued and treated equitably . ”
powered by our intelligent , industry - first kronos d5™ platform , workforce dimensions™ represents the next generation of workforce technology .
kronos is a great place to work . benefits are solid and the primary factor is the quality of the people .
paychex is seen as one of kronos ' s top competitors . paychex was founded in rochester , new york } in 1971 . paychex operates in the business support services industry . compared to kronos , paychex generates $ 2b more revenue .
these are all the companies that kronos has acquired . kronos has acquired 9 companies and its latest acquisition was digital instinct in jul 2017 . digital instinct is a provider of human capital and workforce management solutions for casinos and casino resorts .
the deal represents a 44 percent boost over kronos ' previous valuation . since going private in 2007 , . . .
kronos has completed the acquisition of substantially all intellectual property assets of emlogis , a developer of innovative employee scheduling solutions .
mass . software firm kronos eyes $ 1 . 2b in revenue , considers hq move this year - boston business journal
aron ain , kronos ' chief operating officer since 2002 , joined kronos in 1979 . serving in various sales and service management roles for much of his tenure at kronos , he led the development of the company ' s worldwide field organization . ain has been an executive officer of the company since 1988 . as chief operating officer , ain has been instrumental in driving operational excellence across all of kronos ' business operations , and has had direct responsibility for kronos ' engineering and marketing organizations , as well as for worldwide sales and service . in his new role , ain will bring new energy and passion for kronos ' total business operations , and directly lead the company ' s strategy to become the global leader in workforce management .
meeting customer needs drives everything kronos does , from creating outstanding products to adding value with advanced deployment tools and community support .
through our giveinspired grant , we’ve built relationships with organizations that embody our mission , promote a sense of common purpose between their mission and kronos employees , and provide a unique service opportunity for volunteerism in the communities where kronos employees live and work .
kronos is evolving from a small niche company to a scalable enterprise company with an emphasis on quality software and customer satisfaction .
paycor is kronos ' s # 3 rival . paycor ' s headquarters is in cincinnati , ohio , and was founded in 1990 . paycor is in the payroll & benefit support services industry . paycor generates 18 % of kronos ' s revenue .
3i has 10 employees , who will join kronos and remain stationed in the firm ' s blacksburg , va . , office .
your partner and advocate , kronos customer success connects you with the training and strategic resources you need to achieve your workforce goals .
kronos ' s revenue is the third highest among it ' s top 10 competitors . the top 10 competitors average $ 3b .
kronos has employees and is the second highest among it ' s top 10 competitors . the top 10 competitors average 9 , 322 .
marriott employees didn ' t call their clock the
system 70
. they called it
the kronos
. they never saw anything
ain led kronos from 1977 - 2005 , to become one of the world ' s most successful software companies . under ain ' s leadership , kronos sustained one of the longest records of growth and profitability in the software industry and earned the reputation as the market leader in workforce management .
w . michael scott , chairman / chief executive officer , financial management solutions , inc . “fmsi’s acquisition by kronos launches a new chapter for fmsi employees and customers . to be part of a leading , global organization such as kronos means we can now take even greater strides in innovation . also , kronos’ employee and customer centric approach is unparalleled in the industry and we are excited to gain from the associated knowledge and benefits . ”
this interview with aron ain , chief executive of kronos , a maker of work force management software , was conducted and condensed by adam bryant .
kronos industry - centric workforce applications are purpose - built for businesses , healthcare providers , educational institutions , and government agencies of all sizes . tens of thousands of organizations – including half of the fortune 1000® – and more than 40 million people in over 100 countries use kronos every day .
inspiring career opportunities are around every corner at kronos — whether you’re just starting out in the working world , or a seasoned pro . . .
oliveri , david ,
kronos carries the time clock into the future ,
boston business journal , september 21 , 1992 , p . 7 .
( 4 - traders . com ) boston business journal also names kronos a best place to work for ninth time . . . http . . .
lowell , mass . - - ( business wire ) - - # engagement - - a global workforce institute at kronos survey finds outd . . .
nclc urged the third circuit to limit the eeoc’s subpoena power to the scope of the charge against an employer . in this case , kroger foods used a test developed by kronos incorporated to assess a job applicant with a hearing and speech impairment . denied a job by the grocery store chain , the applicant filed a discrimination charge with the eeoc , who later subpoenaed kronos for sensitive information unrelated to the alleged discrimination . in its brief , nclc argued that the clear language of the americans with disabilities act dictates that the eeoc is entitled only to evidence that is “relevant to the charge under investigation . ” nclc warned that information provided to the eeoc may ultimately fall into the hands of charging parties , compromising the integrity of costly employer testing programs .
the kronos human capital management ( hcm ) solution helps you manage and engage your entire workforce from pre - hire to retire on a single unified platform .
we’re not your average technology vendor . we’re your partner . find out how kronos helps accelerate the value of your investment and deliver the experience you expect .
lowell , mass . - - ( business wire ) - - # 2017trends - - kronos named to forbes ' americas best employers list for . . .
the company ' s acquisition strategy includes purchasing independent resellers and distributors of its products and buying other software companies with applications that expand kronos ' product line .
kronos hired more than 1 , 000 employees in 2015 , introduced a new benefits program for its workforce , and expects to hire hundreds more this year .
if your ideal career opportunity knocks twice at kronos , we invite you to answer the door . we openly welcome high - performing former employees to rejoin our workforce . we consider it a great compliment that our career opportunities , competitive benefits , and award - winning culture are compelling reasons to rejoin the kronos team .
create and manage an engaged workforce with kronos solutions . we have a product to fit your needs — regardless of your organization’s industry , size , or location .
kronos offers the industry’s most powerful suite of tools and services to manage and engage your entire workforce . learn more about our company and what inspires our success .
at kronos , we believe that great businesses are powered by great people . that’s why our solutions are purpose - built for your industry and all your employees .
create and manage an engaged workforce with kronos solutions . we have a product to fit your needs — regardless of your organisation’s industry , size , or location .
paul lacy joined kronos in 1988 and most recently served as executive vice president and chief financial and administrative officer . in his new role , he will assume the responsibilities of president , and will also continue to be responsible for overseeing the corporate - wide finance , legal , information technology , manufacturing , human resources , and administrative functions of the company . in addition , lacy will be responsible for the company ' s investor relations , strategic planning , and business development activities . during his tenure at kronos , lacy has been instrumental in making significant improvements in kronos ' financial and administrative functions , and in building kronos ' relationships with the investment community .
we owe a great deal of gratitude to mark for not only founding kronos , but also for his enormous contributions in shaping the workforce management market over nearly three decades ,
said paul lacy .
mark is leaving the position of chief executive officer at a time when kronos is extraordinarily well positioned for future success .
it’s all about empowering employees to give back , and giving back together creates a tremendous amount of team camaraderie .
- vince devlin , kronos chief procurement officer
lowell , mass . - - ( business wire ) - - # 2017trends - - kronos ceo aron ain lands 27th on glassdoor ' s annual top . . .
no matter where or why your career is stalled or needs a recharge , your talents can find a home at kronos . we understand that truly innovative ideas come from an inspired workforce . when you workinspired at kronos , you transcend the day - to - day work experience to achieve excellence through your passion and a drive to succeed .
the purchase comes as kronos enjoys a strong earnings run fueled by new web - based releases of its employee - management tools . in july , kronos reported a 33 percent jump in third - quarter profit and a 17 percent in sales compared with the year before and said it was on track to post similar results for the current quarter .
we believe that our acquisition of unicru is potentially a game - changing development for kronos and the market ,
said paul lacy , president of kronos .
first , it continues to set kronos apart from the competition as we expand our solutions to address our customers ' needs , as well as appeal to a broader spectrum of customers worldwide . secondly , it will provide our customers with new capabilities with the potential for them to drive customer service to a new level and create unique competitive advantage .
2017 – relocated world headquarters to lowell , mass . kronos completes 71 st acquisition surpassed 22 , 000 customers in the cloud introduced workforce dimensions , a revolutionary workforce management solution
great businesses are powered by great people . learn why organizations around the globe — including more than half of the fortune 1000® — choose kronos to help build an engaged workforce .
great businesses are powered by great people . learn why organisations around the globe — including more than half of the fortune 1000® — choose kronos to help build an engaged workforce .
kronos was leasing its headquarters in waltham and its manufacturing facility in chelmsford in fiscal 1995 . in november of the calendar year the company signed a 10 - year agreement allowing it to lease another facility in chelmsford and simultaneously relocated its manufacturing operations to the new facility . kronos also was leasing 46 sales and support offices in north america and europe during 1995 .
bulkeley , william m . ,
kronos corp . expects to report decline in net for quarter , rise for full year ,
wall street journal , october 23 , 1992 .
biometrics is a hot topic : making kronos terminals recognize fingerprints , or hand prints , or faces , or voices . i hear voices myself , from time to time . but
this change is a very important and exciting milestone in our plan to evolve the top leadership of kronos to ensure the company ' s continued growth . kronos is the leader in workforce management with a strong track record of innovation and performance . this organizational progression gives us the best leadership structure to continue on this path of success ,
said mark ain .
aron and paul are tested leaders who are highly respected by our employees , customers , partners , and shareholders . their skills will be invaluable in taking kronos to the next level .
chelmsford - based work - force management software firm kronos inc . said wednesday it would acquire privately held 3i systems , a competitor whose customer base is made up of federal government agencies .
when kronos purchased simplexgrinnell ' s workforce solutions business , it made perfect sense for us to move to kronos technology for better control of our labor expenses ,
stated steve chappell , director of finance at carson valley inn .
we are now able to better manage our payroll on a daily basis instead of waiting days or weeks with the previous system . we anticipate roi for the kronos system to be achieved in a year .
carson valley inn , located in minden , nev . , employs over 600 employees for its 230 - room resort .
with regard to this transaction , needham & company , llc and tremont associates are acting as advisors to kronos ; montgomery & co . , llc is acting as an advisor to unicru .
large sale , to the marriott corporation . every employee who worked at kronos in that era knew exactly how to spell marriott , m , a , double r , i , o ,
at kronos , we never underestimate the impact of giving back to our communities and investing in the future . we give in an inspired way through a variety of charitable contributions to support causes and organizations that focus on growing and empowering the next - generation workforce . giving through direct contributions , we are committed to making an impact by encouraging the education , training , and development that will be required of tomorrow ' s workforce . in addition to our commitment to developing the next - generation workforce , kronos also supports regional nonprofit organizations where kronos employees live and work .
kronos ' has been expanding its business in developing markets over the past several years , such as those of the emea and the faster - growing bric countries ( brazil , russia , india , and china ) . in 2015 , it opened its new emea headquarters in bracknell , england to support plans for continued expansion in the region ( even after 25 years of operating there ) . in 2014 , kronos launched the subscription model of its popular kronos workforce central suite ( workforce management solutions ) to grow its business with small and mid - sized businesses in china .
specific terms of the all - cash deal were not disclosed and kronos did not say what impact , if any , the acquisition would have on its earnings for the rest of the year .
fmsi solutions are currently used by more than 100 organizations , and fmsi will benefit from kronos’ extensive resources and hcm domain expertise , helping accelerate the pace of product innovation and drive greater demand .
but when mark insisted , eddie just said ,
well , it was worth a try ,
and proceeded to buy a kronos clock , from interboro , for each of his stores .
kronos could also make more acquisitions this year , ain said . the company has acquired more than 60 companies since its founding , including the most recent purchase of florida - based empower software solutions .
kronos provides croma with real - time workforce availability information , to help store managers quickly identify issues like absenteeism and help re - deploying employees to drive up store productivity and provide a better customer experience .
outside the us , kronos has offices in australia , belgium , brazil , canada , china , france , germany , india , the netherlands , spain , the united arab emirates , and the uk .
kronos , a chelmsford - based workforce management software firm , is continuing its steep growth trajectory in 2016 , eyeing $ 1 . 2 billion in revenue , hundreds of new hires and a potential new headquarters .
the purchase fit with kronos ' overall goal of gaining more exposure for its work - force management tools within government agencies , the company ' s vp of corporate strategy , jim kizielewicz , said in a statement .
although i ' m still a computer hacker at heart , my years at kronos have educated me in business techniques . combining computer hacker and financial methodology , i ' ve now learned to handle my daily hygiene on a
the third circuit ruled that the district court improperly narrowed the scope of the eeoc’s subpoena power and that information not specifically related to the plaintiff’s claim may shed light on whether kronos’ assessment had an adverse impact on other applicants .
in 2014 , two major investment firms made a $ 750 million equity investment in chelmsford , mass . - based kronos inc . as part of a recapitalization of the company . new york city - based blackstone ( nyse : bx ) and government - owned investment fund gic , of singapore , own a 42 percent stake in the company . with the addition of blackstone and gic , kronos was valued at about $ 4 . 5 billion in 2014 .
kronos is a leading provider of workforce management and human capital management cloud solutions – we offer the industry’s most powerful suite of tools and services to manage and engage an organization ' s entire workforce from pre - hire to retire .
kronos , inc . is the leading manufacturer of work place timekeeping systems and also produces similar data - collection systems . the integrated hardware and software systems that it engineers , manufactures , and distributes collect and process information designed to increase productivity in the work place . the company also maintains an extensive service and support organization for its customers . kronos enjoyed uninterrupted revenue growth throughout the 1980s and into the mid - 1990s , with profits increasing every year since 1988 .
kronos workforce ready® provides one workforce management cloud platform that helps organisations engage their entire workforce with an integrated toolset designed to manage employees from pre - hire to retire — whether they’re salaried , hourly , full time , or part time .
kronos is a global provider of workforce management and human capital management cloud solutions – we offer the industry’s most powerful suite of tools and services to manage and engage an organization ' s entire workforce from pre - hire to . . .
university of massachusetts lowell , a partnership which provides students with outstanding opportunities for advance research , co - ops and other forms of academic and social support while providing kronos with an extensive pipeline of the best and brightest students in our region .
← click here ) . there were about 800 kronos personnel in the audience . my image was projected on two 4 . 25 meter high screens ( 14 feet ) , so that people in the back of the room could see me .
kronos has taken the growth - by - acquisition path in the past . in may , it acquired the time and labor software business of dayton , ohio - based matrix systems inc . and last november , it bought france - based software concern fastech .
at kronos , we care about what you care about — balancing work and home life , managing health and wellness , growing your career , and planning for retirement . these are all important elements that help shape our culture . and part of caring is helping you liveinspired by rewarding you for the contributions you provide to our organization . kronos provides generous rewards for success and competitive benefits such as workplace flexibility ( including open time off , flex hours , and telecommuting options ) . other employee benefits and advantages include :
the top 10 competitors in kronos ' competitive set are workday , paychex , paycor , ultimate software , adp , reflexis , ceridian , paycom , workforce software and sap . together they have raised over 1 . 8b between their estimated 176 . 3k employees .
today , as a member of the board of directors , ain remains involved in kronos operations . he also serves on the board of directors of several public , private , and charitable organizations . on a personal level , ain enjoys supporting a number of charitable organizations .
kronos ' s datakeeper central system was collecting and formatting data and transmitting it to mrp and other related applications or host systems . its timemaker system was designed to give smaller businesses the advantage of automated time and attendance . gatekeeper was being used to control employee access to a facility . kronos teletime system allowed customer telephones to serve as data input devices . the company also was marketing aces and aces plus , obtained from a third party , to read data from forms and transmit that data to a time - and - attendance database .
than a system 70 . one day , i was in a marriott hotel , wheeling a cart out of a trade show . along with a system 70 , the cart held several much smaller kronos clocks , like a system 25 , and a system 10 . a bunch of marriott employees were quite amused by this . one of them screamed ,
ooh , look at the little kronos !
maybe she figured we ' d left two system 70s alone in a closet , and they ' d given birth to a system 10 .
: who are all these people ?
jim kizielewicz
and
mike grzegorek
were kronos employees . everyone called the former
kizzy
, but i thought that we all owe it to our fellow employees to learn to pronounce their names properly , and i did .
zbigniew brzinski
had previously served as united states national security advisor to president jimmy carter . although the name
aaron
is usually spelled with two a ' s , aron ain ( now in 2010 the president of kronos ) spells his name with only one a .
in 2011 , kronos bought principal decision systems international ( pdsi ) , which provides public safety workforce management software . pdsi ' s telestaff application offers scheduling and notification tools used by more than 600 city and county fire , emergency , police , and corrections organizations in the us .
as executive chairman of the board , mark ain will remain engaged in kronos operations , and will continue to make significant contributions to the business . keeping in stride with other visionary entrepreneurs in the technology industry , ain will maintain this level of involvement in his role of executive chairman .
kronos made several acquisitions in 1993 and 1994 . these were the technology and certain assets of computer recovery , inc . a time - accounting software - development concern ; shoptrac data collection systems , a manufacturer of software ; all the territories covered by bay area realtime systems , inc . ; all the territories covered by midwest time accounting systems , inc . ; certain territories covered by interboro systems corp . ; and all of the southern california territories covered by compu - cash corp . kronos moved its manufacturing facility from lowell , massachusetts , to chelmsford , massachusetts in 1994 .
with kronos you can have it all — hr , payroll , talent , and timekeeping — all in one unified system . drive efficiencies and deliver a great employee experience . all with a proven implementation approach to get you up and running fast . and a simple , transparent pricing model .
optional software modules offered by kronos included scheduling , which assisted in creating employee schedules ; cardsaver , which recorded employees ' in - and - out data for wage and hour inquiries ; accruals , which calculated each employee ' s available benefit time ; and attendance tracker , which recorded and documented employee absences . it also offered the archive program , automatically performing long - term record keeping . these modules and the program were all designed to expand and enhance the range of functions performed by kronos ' s time - and - attendance and shop - floor data - collections systems . the company also was marketing standard ,
off - the - shelf
interface software , including time bank ( purchased from a third party ) , kronos database poster ( an interface from timekeeper central to industry - standard x - base databases ) , and dkc / datalink , an interface between datakeeper central and popular mrp systems .
in 1987 kronos introduced its jobkeeper central system , which automated a company ' s production data , recording such items as billable time , job status , and production efficiency . another system introduced in this period was timekeeper central , which fed the data from time clocks to a mainframe computer that calculated a company ' s pay rates and work rules for the payroll program . this enabled managers to track their employees at any moment and avoid overtime by scheduling first the ones who had not worked a full week . by early 1987 kronos had installed nearly 30 , 000 time clocks in about 25 , 000 companies .
when deployed , this additional functionality will also bolster kronos’ presence in a variety of industry segments – such as public services , healthcare , retail , and hospitality – in which staffing is highly complex with many legal , clinical , and safety regulations ; certifications and skills ; and seniority and staff preferences to consider .
in september 2015 , kronos purchased the autotime business from kaba workforce solutions ( the north american subsidiary of switzerland - based kaba holding ag ) . autotime was a time and attendance , and labor management service used by more than 100 organizations , including seven of the top 10 fortune 500 aerospace and defense companies .
with a dedicated focus on continuous innovation over the years , kronos has facilitated a revolution in how organizations manage their workforce . that focus not only empowers our employees , but also powers our success and has helped us become a top place to work . learn more about our company and what has inspired our success .
again . now we have to deal with unix ports , lans , wans , multi - tier client / server architecture , the web , and so on . it boggles the mind to try to understand it all . sometimes the main difference between a kronos salesperson and a used car salesman is that the used car salesman
kronos disrupted the workforce management industry , yet again . after many years of being a public company , we went private with a renewed focus on innovation and a heavy investment in mobile , cloud - based solutions . cloud continued to be the fastest growing part of the business with 90 percent of all new customers choosing cloud solutions .
but i digress . to try to get around ibm ' s blockade , kronos programmed an early microcomputer to poll our clocks . it was an altos , running the cp / m operating system . we ' d walk into a data processing manager ' s office , and say enthusiastically ,
you can poll the clock with this
: crazy eddie ' s actual name was eddie antar . in 1990 , years after he started buying kronos timeclocks , he was charged with securities fraud , and fled to israel under an assumed name . but in june of 1992 , he was arrested near tel aviv , and subsequently extradited to the us to stand trial . [
according to rob garf of amr research ,
kronos has taken a significant step toward a holistic hcm approach - - helping companies acquire , manage , and measure employees in a single application and workflow . its demand - driven workforce management message is strides ahead now with unicru , as it has the tools to respond to demand for new workers .
kronos had net revenues of $ 92 . 9 million in fiscal 1994 and $ 120 . 4 million in fiscal 1995 . net income came to $ 4 . 9 million and $ 8 . 4 million , respectively . in fiscal 1996 the results were even better : $ 148 million and $ 11 . 4 million , respectively . in january 1995 the company adopted a shareholder - rights plan to defend against a hostile takeover . shares of its common stock traded for as high as $ 50 during the year . ain held 6 . 4 percent of the stock in 1995 ; institutions held 83 percent of the company ' s common stock in 1996 . kronos had no long - term debt in june 1996 .
kronos ' services and products deal with time and attendance , scheduling , absence management , hr and payroll , hiring , and labor analytics . the company has broadened its service offerings and developed web - based versions of its software , responding to the general trend in the software market of companies offering clients the choice of both installed and hosted subscription versions of their products .
mark ' s visionary thinking and inspiring leadership have been instrumental in building kronos into one of the best performing companies in the history of the software industry ,
said aron ain .
we are very pleased that mark will remain part of the company ' s leadership , so that we will continue to benefit from his advice , counsel , and far - reaching industry influence .
i went right to work where i work today . this is my 38th year at kronos . i was one of the first employees , but the company was started by my brother and two other founders . i just worked my way up . in the beginning , i did everything — cleaned the bathrooms , answered the phones , sold what we sold , and installed what we sold .
but i digress . from day one , kronos always intended its clocks to communicate with a customer ' s payroll processing computer , but that was harder than you might think . the early 1980 ' s were the dawn of the personal computer age . the ibm pc had not even been conceived of . payroll processing was done on million - dollar mainframe computers ; largely made by ibm . ibm
now , more than ever , it ' s becoming important for kronos employees to have a world - wide outlook . so everyone , after you ' ve studied our next 17 product releases , and mastered three - tier client / server architecture , learn french and spanish . how hard can it be , anyway ? they ' re both romance languages . look at a sample word : english ,
but you should have seen the look of astonishment on the face of craig deeb , of marriott , the day he walked into the old kronos building . his jaw really dropped as he tripped over the carpet . pat had evidently managed to convey the image of a much larger , established company to craig . craig stuck with us , though , to the tune of 1 . 5 million dollars .
then there was the infamous datasaver , a device which could be hot - plugged into a powered - up clock to save the contents of its memory . the datasaver was the kronos version of russian roulette . plugging in a datasaver was a little like getting rear - ended in a pinto ; you might be uneventfully protected by the rear bumper , or you might be incinerated in a spectacular fireball .
when we founded kronos four decades ago , we had a vision of revolutionizing how organizations pay their employees . wow – how far we have come , now with tens of thousands of organizations – and more than 40 million people using our products every day in more than 100 countries . this amazing company has far surpassed our initial vision , thanks to our incredible kronites , customers , and partners .
kronos , with its more than 4 , 000 employees ( as of august 2015 ) , serves organizations from a variety of industries and sectors , including : business services , education , energy , financial services , government , health care , hospitality , logistics , manufacturing , public safety , and retail markets . the company claimed that over 35 million people around the world used its services every day in 2015 .
in 2012 , kronos expanded its health care portfolio with the purchase of portland , oregon - based optilink , a provider of staff management software used by nursing departments . optilink ' s customers include seton healthcare and intermountain health care . also that year it acquired saashr . com , and its parent webapps , inc . , which offers cloud - based workforce management software for small and mid - sized businesses .
originally offered for $ 12 a share , kronos stock traded as high as $ 24 in 1992 . the underwriter estimated that kronos had great potential for growth because only an estimated 15 percent of the 650 , 000 u . s . businesses with 25 or more hourly employees were operating with computerized time clocks . the company posted revenues of $ 58 . 1 million ( about 10 percent from international operations ) and net income of $ 3 . 6 million in fiscal 1992 . ain told a wall street journal reporter that sales had remained strong despite the recession of the early 1990s because
we tend to get big orders when a company gets in trouble , because that ' s when they want to control costs . we received four or five big orders the last two years from companies that had just filed bankruptcy .
pat once confided to me that an advantage early in his career prior to kronos was that he always looked a little older and more mature than he actually was . do you know that even now , he ' s only 29 ? i have to be careful what jokes i make about pat , because he ' s president now . so , i ' d better not mention that incident with the goat .
fortunately , mark knew that crazy eddie used this line in radio ads for his chain of discount electronics stores in new york , and that it wasn ' t just someone who forgot to take his lithium . eddie wanted to buy some timeclocks directly from kronos corporate . mark told him this was impossible ; he ' d have to buy from our exclusive dealer in new york , interboro . eddie replied grandly ,