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UKG is a multinational technology company that provides cloud-based services for workforce management and human resource management. It was formed in 2020 by the merger of Ultimate Software and Kronos Incorporated, and has acquired several other companies since then.
Kronos Incorporated was a software company that provided workforce management and human capital management solutions. It merged with Ultimate Software in 2020 to form Ultimate Kronos Group, and faced a ransomware attack in 2021.
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Payroll is a list of employees and their compensation, as well as the records and taxes of payments made to them. Learn about payroll frequency, gross pay, deductions, reimbursements, taxes, and wage garnishments, and how to outsource payroll processing.
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In 2020, Kronos completed a merger with Ultimate Software to create UKG, [17] and Ain became the chairman and chief executive officer of the combined company. UKG has more than 15,000 employees worldwide, and an enterprise value of $35 billion. On June 1, 2022, UKG announced Ain would transition to UKG Executive Chair, effective July 1, 2022.
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