HONG KONG, May 16, 2011 /PRNewswire-Asia/ -- Kronos Incorporated today released whitepaper outlining best practices on how to comply with Hong Kong Statutory Minimum Wage by leveraging workforce management solutions. The whitepaper analyzes the impacts of SMW on Hong Kong business owners and employees, and demonstrates how Kronos can help organizations prepare to effectively implement the new Minimum Wage Ordinance.
News Facts
The Minimum Wage Ordinance is based on an hourly wage, even though most employees in Hong Kong are paid monthly and their employees thus have few processes in place to capture hours.
Kronos Workforce Central® helps minimize compliance risk by enabling organizations to:
Supporting quotes
"The Statutory Minimal Wage is another milestone of Hong Kong legislation in their process to protect the workers' rights and secure stable developments of Hong Kong economy. Kronos have helped companies including 60% of Fortune 1000 minimizing compliance risk in the past 32 years. We are proving workforce management doesn't have to be so hard."
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/en.
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