No, Kronos and UKG are not the same thing; rather, Kronos is now part of UKG following a significant merger and rebranding. Ultimate Kronos Group (UKG) is the new overarching company that resulted from the combination of two major human capital management (HCM) software providers: Kronos Incorporated and Ultimate Software.
The Evolution: From Two Companies to One Unified Brand
In 2020, Kronos and Ultimate Software officially merged, forming a powerhouse in the human resources and workforce management technology space. This merger culminated in the rebranding of the combined entity to Ultimate Kronos Group (UKG). Therefore, when you refer to UKG, you are referring to the company that now encompasses the solutions and legacy of both Kronos and Ultimate Software.
| Company Before Merger | New Unified Company | Focus Areas |
|---|---|---|
| Kronos Incorporated | Ultimate Kronos Group (UKG) | Workforce Management, Time & Attendance, Scheduling, HR & Payroll |
| Ultimate Software | HR, Payroll, Talent Management, Benefits Administration |
What This Means for Users and Solutions
For existing customers, this merger and rebranding means that solutions previously offered by Kronos or Ultimate Software are now under the UKG umbrella. Users of products like Kronos Workforce Dimensions or Kronos Workforce Central, as well as Ultimate Software's UltiPro, are now part of the UKG ecosystem.
UKG continues to develop and support these robust solutions, aiming to integrate and enhance their capabilities to provide a comprehensive suite of tools for:
- Workforce Management: Including timekeeping, scheduling, absence management, and labor analytics.
- Human Resources (HR): Covering core HR functions, employee data management, and compliance.
- Payroll: Streamlined and accurate processing of employee compensation.
- Talent Management: From recruitment and onboarding to performance management and learning.
- Employee Experience: Tools designed to improve employee engagement and satisfaction.
The goal of UKG is to offer a unified platform that addresses the diverse needs of businesses for managing their most valuable asset—their people. While the individual product names (like Workforce Dimensions or UltiPro) may still be used to identify specific solutions, they are all offered and supported by UKG.
For more information, you can visit the official UKG website.
