5/18/2023 0 Comments Kronos mytime![]() In an article for Harvard Business Review, Kronos CEO Aron Ain talked about flexibility being more than a “Millennial” benefit. Employees also wanted time off to volunteer, go on field trips and general life maintenance. And older employees want to take time off to attend kids’ events and take care of sick loved ones without “wasting” their vacation days. For example, the largest users of the company’s student loan repayment benefit are Gen Xers. Their internal research told them that it’s not just Millennials who crave flexibility. So, Kronos wanted to address challenge but in a way that appealed to the greatest number of employees. Internal research discovered one of the hurdles to attracting talent was their vacation policy. Like many businesses today, Kronos discovered they were facing recruiting challenges. They have 5,400 employees globally, with almost 1,500 in their Massachusetts headquarters. ![]() Tens of thousands of companies use Kronos products, like Workforce Dimensions, including over half of the Fortune 1000. Both from the standpoint of the policy itself but also because of the challenges they experienced and how they addressed them. I recently had the chance to hear about how Kronos rolled out their open time off policy and I thought you would find it interesting. You would think that any benefit that gives employees more time off would be met with cheers and adoration. If organizations want to remain competitive, they need to offer benefits that employees want. ![]() According to an article in Harvard Business Review, flexible hours and vacations are the two most popular employee benefits after health insurance. ![]() Congrats to them! Enjoy the article.)Įmployees like time off. For the first time, Kronos was named one of the FORTUNE 100 Best Companies to Work For according to global research and consulting firm Great Place to Work. (Editor’s Note: Today’s article is brought to you by our friends at Kronos, a leading provider of workforce management and human capital management cloud solutions. ![]()
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