Ksh has a special parameter `SECONDS` which always contains the number of seconds since the epoch. Evaluating `$SECONDS` at the beginning and at the end of the job gives you the start and end times, and the difference is the elapsed time.
Unix time doesn't take leap seconds into account: a day in Unix time is always exactly 86400 seconds. Therefore time-of-day arithmetic on Unix time is easy.
start=$SECONDS
…
end=$SECONDS
elapsed=$((end - start))
printf 'Process completed %d:%02d:%02d - Elapsed %d:%02d:%02d\
' \
$((end / 3600)) $((end / 60 % 60)) $((end % 60)) \
$((elapsed / 3600)) $((elapsed / 60 % 60)) $((elapsed % 60))