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Ultimate Kronos Group ( UKG) is an American multinational technology company with dual headquarters in Lowell, Massachusetts, and Weston, Florida. It provides workforce management and human resource management services. The company was founded in April 2020 as a result of the merger of Ultimate Software and Kronos Incorporated. [3]
In 2020, Kronos completed a merger with Ultimate Software to create UKG, [15] and Ain became the chairman and chief executive officer of the combined company. UKG has more than 12,000 employees worldwide, and an enterprise value of $22 billion. On June 1, 2022, UKG announced Ain would transition to UKG Executive Chair, effective July 1, 2022.
The e mployee portal and the case management system both enable companies to automate HR processes, ensure consistency and regulatory compliance, and improve employee satisfaction. The employee onboarding portal allows for electronic documents and electronic signatures via a company branded portal. [9] References [ edit]
The payroll module automates the pay process by gathering data on employee time and attendance, calculating various deductions and taxes, and generating periodic pay cheques and employee tax reports. Data is generally fed from human resources and timekeeping modules to calculate automatic deposit and manual cheque writing capabilities.
Kronos Incorporated was an American multinational workforce management and human capital management cloud provider headquartered in Lowell, Massachusetts, United States, which employed more than 6,000 people worldwide. [3]
Ultimate Software was an American multinational technology company that developed and sold UltiPro, a cloud-based human capital management (HCM) software system for businesses. Headquartered in Weston, Florida, the company was founded in 1990 by Scott Scherr, and released its first version of software in 1993.
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