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May 02, 2007 09:00 AM Eastern Time 

Kronos® Extends Leadership in Talent Management with Strategic Sourcing Service

Proprietary method for understanding local sourcing dynamics enables organizations to maintain steady flow of qualified applicants

CHELMSFORD, Mass.--(BUSINESS WIRE)--Across a complex demographic landscape and a fiercely tight job market, the search for hourly talent is becoming increasingly competitive. Best practice organizations are turning to Kronos® Incorporated (Nasdaq: KRON) for a strategic approach to maintaining a steady flow of qualified job applicants. In conjunction with its talent management solution, Kronos’ new Strategic Sourcing Service provides organizations insight into local sourcing dynamics. In just weeks, organizations gain the required insight to create targeted sourcing programs that will increase applicant volume where it is needed most.

“Employee turnover is a stay-awake issue for the quick-service restaurant industry, so maintaining a steady supply of capable, qualified job applicants is critical to the success of our business”

“Employee turnover is a stay-awake issue for the quick-service restaurant industry, so maintaining a steady supply of capable, qualified job applicants is critical to the success of our business,” said Patty Burton, director of human resources, Burgerville, a chain of 39 restaurants in the Pacific Northwest. “The Kronos Strategic Sourcing Service identified specific locations with sourcing issues and the drivers behind the recruitment challenges. With the information garnered from the service our organization is able to identify locations that are under-performing or over-performing and develop targeted sourcing campaigns to maintain a steady flow of applicants at all times.”

Improving field-based candidate sourcing at every location

Maintaining a steady flow of capable, qualified job applicants is critical to an organization’s productivity and profitability. Most field-based organizations struggle with effectively sourcing candidates in their dispersed locations. The new service from Kronos will enable organizations to understand the drivers of applicant flow at specific locations. As a result, corporate HR departments have the information they need to develop targeted, localized hiring campaigns. In addition, the service also helps organizations customize sourcing programs for seasonal hires, new location openings, and events that require mass hiring.

The Strategic Sourcing Service is based on a proprietary method for understanding local sourcing dynamics. This enables organizations to develop local sourcing plans that focus and target resources where they are needed most. With the service, organizations can maintain a steady flow of qualified applicants, which balances the needs of customers and the business.

“With turnover rates higher than 50 percent with the hourly workforce, selecting the best candidate is critical to an organization’s business performance. Ineffective sourcing and hiring practices have a negative impact on productivity, profitability, customer service, and the company brand,” said Chris Marsh, president of the Kronos Talent Management Division. “Our unprecedented understanding of the field workforce is evidenced through our successful processing of tens of millions of applications. It would be financial demise to trust hiring practices to anyone other than Kronos.”

For more information regarding the Kronos talent management solution call (800) 355-4547.

The Kronos Talent Management Division, based in Beaverton, Ore., was formed upon completion of Kronos’ August 2006 acquisition of Unicru, Inc.

About Kronos Incorporated

Kronos Incorporated empowers organizations around the world to effectively manage their workforce. At Kronos, we are experts who are solely focused on delivering software and services that enable organizations to reduce costs, increase productivity, improve employee satisfaction, and ultimately enhance the level of service they provide. Kronos serves customers in more than 50 countries through its network of offices, subsidiaries, and distributors. Widely recognized as a market and thought leader in managing the workforce, Kronos has unrivaled reach with more than 30 million people using a Kronos solution every day. Learn more about Kronos at www.kronos.com.

© 2007 Kronos Incorporated. Kronos and the Kronos logo are registered trademarks. All other product and company names mentioned are used for identification purposes only and may be trademarks of their respective owners.

Contacts

Kronos Incorporated
Michele Glorie, 978-947-2855
mglorie@kronos.com

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The Strategic Sourcing Service provides organizations with insight to create targeted sourcing programs where they are needed most. This map illustrates the impact location has on a retailer's sourcing efforts. Although, the stores identified are the same retailer and in close proximity, each faces radically different sourcing challenges. Site B, due to the underlying demographics of its surroundings, has a strong supply of available candidates; whereas Site A, located in a less dense and more affluent suburb, has difficulty attracting and sourcing candidates. (Graphic: Business Wire)

The Strategic Sourcing Service provides organizations with insight to create targeted sourcing programs where they are needed most. This map illustrates the impact location has on a retailer's sourcing efforts. Although, the stores identified are the same retailer and in close proximity, each faces radically different sourcing challenges. Site B, due to the underlying demographics of its surroundings, has a strong supply of available candidates; whereas Site A, located in a less dense and more affluent suburb, has difficulty attracting and sourcing candidates. (Graphic: Business Wire)

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