UKG Inc., a global provider of human capital management solutions, has acquired global people analytics and consulting firm Great Place to Work Institute Inc. According to a company press release, Great Place to Work will continue operating as a standalone company within the UKG organization. This is the latest expansion in what has been an unprecedented year and a half for the company; after HR tech giants Kronos and Ultimate Software announced an industry-changing merger valued at $22 billion, which was finalized in April 2020, in October, the newly formed company unveiled its new name, Ultimate Kronos Group, or UKG.
“We are determined to raise the bar on how HCM technology can help organizations and their people thrive,” UKG President Chris Todd stated in the press release. “The time has come for companies to expect more from their HCM providers, and we plan to lead the charge.” Todd says the acquisition will allow for greater positive impact on customers and workplaces around the world.
Great Place to Work was founded in 1990 and its software and insights are used by more than 10,000 companies worldwide. Their Great Place to Work Trust Index survey is seen as “the world’s most credible methodology to measure the employee experience that cuts across regions, race, gender, sexual orientation, age, disability status, level and role,” according to the press release. Great Place to Work plans to continue its media partnerships tied to the many “Best Workplace” lists published around the world.
According to the press release, UKG will offer Great Place to Work tools to its customers, with the goal of integrating data and benchmarking from the Great Place to Work ecosystem into its HCM solutions.
“By combining our employee-centric insights with UKG’s leading HCM solutions, our potential is limitless to help tens of thousands of companies around the world build more productive, more inclusive workplaces with higher levels of employee and customer loyalty,” Great Place to Work CEO Michael C. Bush stated in the press release.
UKG plans to embed elements of Great Place to Work insights into their solutions throughout the next several years and will provide UKG customers with access to Great Place to Work assessments and benchmarks, allowing organizations to compare themselves with peers of similar size, industry and geography.
“Today marks the day that we move from an organization with our own culture primarily at the center of our brand identity, to one focused on helping others build remarkable cultures and become recognized as superior workplaces themselves,” UKG Chairman and CEO Aron Ain said in the press release.