Commentary by Timothy Horrigan; July 2, 2010
This is a three part interview with Aron Ain, CEO of Kronos. He started with the company when it was a small family-owned maker of automated time clocks, and he led it through its emergence as a public company which was recently taken private again. (He says Wall Street undervalued the company's shares.)
Part 2 is probably of most interest to you, assuming you came here from my Unicru test answer-key page. The Unicru test is part of a suite of recruitment products. Since the Unicru test is mostly used by retail customers, Kronos was able not long ago to roll out a Kronos Retail Labor Index. This uses data from Unicru applications to estimate retail hiring (and hence the overall strength of the retail sector.) In the mid-oughties about 7% of all retail job applications resulted in a hire: today less than half that many applicants are hired. (Ain apparently gets the number wrong in this interview by an order of magnitude: he says 7 out of 1000 used to get hired, while the actual report says that 7%— 7 out of 100— getting hired.)
Each section is courtesy of New England Cable News (NECN) and will be preceded by a 15 second commercial. These three videos were the June 28, 2010 edition of CEO Corner , hosted by Peter Howe.