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An Update on U.S. Workforce Activity
This report explores weekly workforce data across approximately 40,000 U.S. businesses and their 4.5 million employees.
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Ultimate Software, Kronos Unveil Combined Brand
HCM Technology Report | Ultimate Software and Kronos, who closed their merger in April, unveiled their new corporate identity and began hinting at plans for their combined future. Beginning October 1, the merged companies will rebrand as UKG, for Ultimate Kronos Group, and adopt the tagline “Our purpose is people.” The company said the name is meant to “build on the strength and innovation” of Ultimate and Kronos even while “signaling a singular, shared focus on inspiring workforces and businesses around the world.”
Media Coverage
Here Are the Next Steps in the Kronos, Ultimate Software Merger
HR Executive | About six months ago, HCM giants Kronos and Ultimate Software announced they would merge in a record, industry-changing merger valued at $22 billion. Now, the two companies are unveiling the highly anticipated next steps of their joint venture. Starting Oct. 1, the newly formed company will be called UKG, standing for Ultimate Kronos Group, the organization announced this week. Company CEO Aron Ain told HRE that the new tagline, “Our purpose is people,” represents the spirit of “UKG’s unwavering commitment to our employees, their families, our customers and their people, our partners and our communities, while also incorporating both companies’ strong legacies into our new brand.”
Press Release
Kronos and Ultimate Software Unveil Plans to Rebrand as “UKG”
LOWELL, Mass, and WESTON, Fla. | Ultimate Software and Kronos Incorporated today announced plans to rebrand the company. The combined company’s new name will become UKG (Ultimate Kronos Group), effective October 1, 2020.
Press Release
Average Weekly Shift Work Growth for August Hovers at 1%
LOWELL, Mass. | According to the U.S. Workforce Activity Report from Kronos Incorporated for Aug. 17-23, shift work volume grew 1.2% week-over-week – though 40% of that growth is directly attributed to K-12 and higher education activity as the fall semester continues to ramp up.
Press Release
The Parent Trap: Work, Childcare, and the COVID-19 Pandemic Create Trying Times for Working Families
LOWELL, Mass. | As fall rapidly approaches, organizations should pay extra attention to working parents and guardians: According to a survey from The Workforce Institute at Kronos Incorporated, nearly three-quarters (72%) of U.S. employees with children under 18 in the household are anxious about balancing the demands of their job with childcare – including school re-openings, virtual learning, and daycare capacity – in the coming months.
Press Release
Weekly Shift Work Growth Triples Sluggish Summer Average with Annual Mid-August Surge of School Employee Activity
LOWELL, Mass. | According to the U.S. Workforce Activity Report from Kronos Incorporated for Aug. 10-16, shift work volume grew 1.4% week-over-week – its largest single week increase since the week ending July 19 – resulting in more shifts worked last week than at any other point since the pandemic began.
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