Study Examines ROI of Kronos Solutions

In-depth report by Nucleus Research provides customer insight into bottom-line results from Kronos deployments

Wellesley, Mass. – December 23, 2002 – According to the results of a study issued today by Nucleus Research, Kronos (NASDAQ: KRON) users studied by Nucleus are achieving a median ROI of 469 percent, primarily in direct benefits, with average payback in five months. The report showed that customers achieved a positive ROI as a result of significant reductions in payroll errors, which had averaged nearly 1.2 percent of total payroll costs, along with six other key benefits that led to cost savings. Kronos provides integrated human resources, payroll and labor management technology solutions.