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Kronos – Payroll Project

Kronos – Payroll Project. December 20, 2011. Kronos Time Reporting for Payroll - Background. Background Kronos is currently the time-keeping system to populate hours for payroll for several Masco Cabinetry (MC) locations

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Kronos – Payroll Project

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  1. Kronos – Payroll Project December 20, 2011

  2. Kronos Time Reporting for Payroll - Background Background • Kronos is currently the time-keeping system to populate hours for payroll for several Masco Cabinetry (MC) locations • Kronos is installed in all plant cabinet plant locations to feed LINCS. At former BCG facilities the AS/400 time-keeping solution is used for payroll • Masco Cabinetry currently holds excess licenses for Kronos • Masco Corporate provides a hosted solution for a number of Masco Divisions • Eliminating the AS/400 time-keeping solution is a prerequisite for consolidating Masco Cabinetry Payroll into MyServiceCenter

  3. Kronos Time Reporting for Payroll - Approach Goal to eliminate AS/400 time-keeping solution and transition to Kronos during 2012 • Two options have been considered • Upgrade current Kronos environment and deploy payroll across all MC locations • Transfer licenses to Masco Corporate and move all MC locations onto the hosted solution • Recommendation to transfer licenses to Masco Corporate and move all MC locations onto the hosted solution • Leverages central resources • Lower transition cost • Allows excess licenses to be utilized • Lower long term cost of policy deployment across Masco

  4. Kronos Time Reporting for Payroll – Team The Finance and IS Teams will be the primary group working towards the 5 Day Close initiative, but other teams may participate at some level • Executive Sponsors: Doug Bennett, VP Finance and Accounting Dave Mills, Managing Director IS Applications Stacy Mowrer, Director Talent Management and Acquisition • Leader: Bob Greig, Manager, Information Systems, Masco Corporation • Project Manager: Doug Farrugia, Senior HR/IS Analyst, Masco Corporation • Core Team Members • Sean Durocher, Manager – Human Resources • Susie Campbell, Manager – Payroll, Billing and Special Projects • Toni Wigington, Senior Payroll Advisor • External Consultants • Dan Peck, Venteon Partners

  5. Kronos Time Reporting for Payroll – Schedule

  6. Kronos Time Reporting for Payroll – Cost / Savings Savings • Staff reduction • HR – 1 • Payroll - 1 Cost Avoidance • Upgrade of current Kronos environment • Hardware refresh at Masco Cabinetry Soft Savings (Generally 1-4% of hourly payroll • Proper rounding for paid time and overtime • Improved vacation accuracy for hourly and Salary non-exempt • Eliminate AS/400 program Cost • External Consulting • Hardware upgrade Funding Options • MyService Center Consulting Budget • Capital funding at Masco Cabinetry Support documents for soft savings

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