UKG acquired the Great Place to Work Institute, a consulting firm and researcher that reviews corporate cultures and certifies organizations that have managed to build a rewarding place to work.
Great Place to Work is the organization behind Fortune’s annual list of 100 Best Companies to Work For, which the magazine calls “the benchmark ranking of great employers.” Writing in CEO Daily, Fortune’s Alan Murray said the list is used by millions of job seekers each year “in search of companies offering free food, nifty nap pods, bountiful benefits and more.”.@UKGInc acquired the Great Place to Work Institute, which reviews corporate cultures and certifies organizations that have built a rewarding place to work. #HR #HRTech Click To Tweet
GPTW regularly monitors what a company’s employees are thinking, Murray said, and over 10,000 companies now use its process. CEO Michael C. Bush told Murray he expects that number to grow to 100,000 once the acquisition has taken hold. The combination “dramatically accelerates our vision to build a better world by helping every organization become a great place to work for all,” he said.
UKG President Chris Todd said the move reflects the company’s belief that the future of HCM software goes beyond offering HR, payroll and workforce management solutions. “The time has come for companies to expect more from their HCM providers, and we plan to lead the charge,” he said.
The Great Place to Work Certification and opportunities to be recognized will be available to all companies globally, and not limited to UKG customers. International partners and affiliates of Great Place to Work will continue offering its solutions around the world.
UKG will offer Great Place to Work tools to existing and new HCM customers, with the goal of integrating data and benchmarking from the GPTW ecosystem into its HCM solutions. In addition, UKG plans to embed elements of Great Place to Work insights into its HCM solutions to help customers improve organizational health, elevate the life-work journey and give employees a greater voice.
UKG ranked No. 6 on this year’s 100 Best list.