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UKG Announces Strong Q2 2024 Performance with Key Leadership Addition and AI Innovations

UKG Announces Strong Q2 2024 Performance with Key Leadership Addition and AI Innovations
Broad Market Reach, Customers Expanding UKG Investments Fuel Second-Quarter Fiscal 2024 Momentum

UKG, a leading provider of HR, payroll, workforce management, and culture solutions, announced impressive results for the second quarter of fiscal 2024, ending March 31, 2024. Highlighting strong demand across all market segments and geographical regions, UKG continues to drive innovation and customer satisfaction.

Key Leadership Addition: UKG is pleased to welcome Rachel Barger as the new President of Go-to-Market operations. Chris Todd, CEO at UKG, remarked, “Rachel will be a tremendous asset for UKG and our growing customer base,” underscoring the strategic timing of this leadership addition.

Second Quarter 2024 Business Highlights:

  1. UKG Great Place To Work® Hub:
    • Exceptional adoption in its first full quarter.
    • Praised for helping organizations build cultures of trust and belonging.
  2. Customer Success Stories:
    • Notable businesses such as East Alabama Health, Heartland Motor Company, and Lettuce Entertain You Restaurants have highlighted UKG’s role in enhancing workplace experiences.
  3. AI-Powered Solutions Showcased:
    • Featured at NRF 2024 and HIMSS 2024.
    • Includes task management, advanced scheduling, UKG Strategic Workforce Planning, and UKG EZ Call.
    • New tools such as UKG Great Place To Work Hub, UKG Talk, UKG Employee Voice, and UKG Wallet, guided by the GenAI sidekick, UKG Bryte.
  4. Strategic Partnership with Lightcast:
    • Aims to help employees, especially frontline workers, elevate their skills with AI-enhanced experiences.
  5. Industry Recognition:
    • UKG Pro named a Leader in Ventana Research and Nucleus Research HCM Technology Value Matrix.
    • UKG Ready listed as a Leader in Nucleus Research SMB HCM Technology Matrix for the fourth consecutive year.

New Customer Acquisitions: In the second quarter, UKG secured several high-profile clients, including:

  • A multinational conglomerate in transportation and e-commerce.
  • The Belgian subsidiary of a global provider of catering services.
  • A pioneer in tire technology with over 20,000 employees.
  • The largest home improvement retailer in the U.S. with over 450,000 employees.
  • A German commercial vehicle automotive brand.
  • A leading healthcare provider in Northern Virginia.
  • A major consumer goods company operating in 30 countries.
  • A manufacturer of luxury electric vehicles.
  • One of Mexico’s largest commercial and retail operations companies.
  • The world’s largest pump manufacturer.
  • A pharmaceutical and life sciences company known for its research and development.

Global Expansion: UKG has opened a Global Innovation Hub in Bulgaria to accelerate the delivery of solutions worldwide. This new hub will employ hundreds of software and product development professionals.

Awards and Recognitions: UKG has received several accolades for its workplace culture and sustainability efforts, including:

  • Newsweek’s “America’s Greatest Workplaces for Diversity” and “America’s Greatest Workplaces for Women 2024” lists.
  • Forbes’ America’s Best Large Employers.
  • Silver Medal status from EcoVadis for ESG initiatives.
  • A B-score from the CDP Climate Change questionnaire.

New Campaign and Research Initiatives: UKG launched the “Time of Your Life” brand campaign, highlighted on the TODAY show, emphasizing the benefits of a great workplace. Additionally, the UKG Workforce Institute welcomed Dr. William Beach, former U.S. Bureau of Labor Statistics Commissioner, to its advisory board.

Chris Todd concluded, “We are laser-focused on helping our customers align their business needs with aspirations of being great places to work.” UKG’s innovative tools, driven by AI and extensive workforce data, provide unique opportunities to enhance employee experiences and address critical business challenges.