HRoot Ranks Kronos in Top 50 Global HR Services Providers

Beijing, September 15, 2011 —–Kronos Incorporated was listed in the Top 50 of Global HR Services Providers 2011, according to China’s Human Capital Management magazine’s annual survey on the top players of global HR services.

News Facts

Kronos® debuted in the list with annual revenue of $741 million in 2010, with 19 percent year-on-year growth, ranking 23rd in the list. Amazingly, Kronos profit margin in 2010 hit the sixth in the list.
The list ranks Kronos the first in the main business of eHR, a local pronoun of Human Capital Management software, with the largest annual revenue and the fastest year-on-year growth rate of nearly 30 percent.
In China, Kronos has experienced a 240-percent¹ year-over-year increase in the product revenue in 2010, as more organizations turn to better workforce management.
The Top 50 of Global HR Services Providers 2011 ranking was sponsored by the Human Capital Management magazine, a subsidiary of HRoot Group. Human Capital Management analyzed major vendors with regard to their annual revenues and growth rates. The ranking can be downloaded on the home page of HRoot.

Supporting quotes

David Mitchell, general manager, Kronos Great China
"We are pleased to be ranked in the Top 50 of Global HR Services Providers in China. This ranking is a testament to our strong financial performance and growth all over the world. We will continue to be a thought leader in workforce management in the China market, and are committed to helping more and more customers control labor costs, minimize compliance risk and improve workforce productivity."
Tang Qiu Yong, editor in chief of HCM
"The Top 50 of Global HR Services Providers 2011 recognizes organizations who not only demonstrate outstanding financial performance in their core business in HR services, but who also center their existence on a deep commitment to HR strategic transformation in China. To be a recipient of Top 50 of Global HR Services Providers 2011 indicates that Kronos is a leader in satisfying customer needs with exceptional workforce management solutions."

Supporting Resources

About HRoot
HRoot is a leading management media company, playing a key role in Human Resources industry in Greater China. Abundant trade information is provided for HR Managers by HRoot. Meanwhile, HRoot offers comprehensive marketing promotion services to HR service providers. For more information, please visit: http://ww.hroot.com.

About Kronos Incorporated

Kronos is the global leader in workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. Tens of thousands of organizations in 60 countries — including more than half of the Fortune 1000® — use Kronos time and attendance, scheduling, absence management, and labor analytics applications. To learn how Kronos uniquely delivers complete automation and high-quality information in an easy-to-use solution, visit www.kronos.cn.

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Footnote 1: Year-over-year comparison of revenue generated in FY2011 of Kronos.