The Durst Organization Builds Comprehensive Workforce Management Solution with Kronos®

CHELMSFORD, Mass., April 29, 2009 — Kronos® Incorporated today announced that The Durst Organization, a world leader in the development of technologically advanced and environmentally responsible commercial property, has replaced its partially automated time and attendance, payroll, and human resources systems with a single, integrated solution, Kronos Essentials™.

News Facts
Durst chose Kronos for its ability to completely automate business processes to effectively manage its 800 employees across 13 locations.
Employees – both hourly and salaried – adopted the easy-to-use technology, resulting in improved morale and accurate time and attendance tracking.
Benefits include accuracy in payroll leading to labor cost control; elimination of manual, error-prone processes for improved productivity; and centralized control and enforcement to manage compliance with its variety of union work rules.
With 40 percent year-over-year growth, Kronos Essentials delivers world-class capabilities simply and cost effectively so organizations don’t have to settle for a partially automated system. Kronos Essentials maximizes limited budgets through flexible payment and deployment options, fits seamlessly within existing IT infrastructure, and can be easily extended as business needs grow.
Supporting Quotes
Barry Fagan, vice president, information systems, The Durst Organization
"Kronos provides comprehensive functionality without requiring additional customization, which gives us full control over the system and a lower overall total cost of ownership. By automating all processes on a single platform and database, Kronos proved to be an easy-to-own solution that was swiftly implemented. Also, by effectively tracking the time and attendance of our diverse workforce with varied schedules and needs, Kronos helps us keep our labor costs accurate and predictable – in real time."
Charlie DeWitt, vice president of vertical markets, Kronos
"Partially automated and disparate systems can not only be productivity killers, but can drastically impact the accuracy of a paycheck as well. Kronos takes the guesswork out of time reporting and optimizes processes to control labor costs, minimize compliance risk, and improve workforce productivity."
About The Durst Organization
The Durst Organization is one of New York’s oldest and most respected privately held owner/builder/managers of commercial and residential real estate. Started in 1915 by Joseph Durst, the company is now headed by his grandsons, Douglas and Jonathan Durst and has become one of nations’ foremost green builders. The company owns and manages more than 8.5 million square feet of Class A midtown office space as well as over 1.5 million square feet of residential rental building. Today, the Durst Organization is finishing the most environmentally advances skyscraper in the U.S., the 2.1 million square foot Bank of America Tower at One Bryant Park. The Durst Organization continues to grow and seek out new opportunities for innovative commercial and residential development in and around New York City.

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, HR and payroll, hiring, 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.com.