FleXing Core HR Muscles, UKG Recruits Google to Train AI Assist
Apps Run The World » Workforce Management
by Albert Pang
10M ago
Aiming to revolutionize the enterprise software industry for HR executives, UKG is counting on its new FleX platform components and Generative AI technologies to drive more user adoptions. Under an extensive co-development and revenue-sharing arrangement with Google Cloud, UKG stands to gain early access to Google Cloud’s Vertex AI, the latest artificial intelligence enhancements including the use... Source ..read more
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New CEO of UKG Aims to Expand By Flipping A Catch-22 Moment To Its Advantage
Apps Run The World » Workforce Management
by Albert Pang
1y ago
UKG unveiled a slew of product and organizational initiatives including the appointment of a new CEO as the HCM and workforce management applications powerhouse lays the groundwork to more than double its revenue to $10 billion by the end of the decade, compared with $4 billion in projected sales in 2023, which is a year ahead of original projections. For its second quarter of FY22... Source ..read more
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Ultimate Software and Kronos Are Now Together As UKG
Apps Run The World » Workforce Management
by Albert Pang
3y ago
The suspense is over. Almost five months after Kronos and Ultimate Software merged to create a $3 billion HCM application powerhouse, the combined company has a new name: UKG as in Ultimate Kronos Group with Our Purpose is People as its tagline. UKG is short and sweet. The only concern is whether some may confuse it with USG, the drywall manufacturer. However, UKG is expected to invest heavily in... Source ..read more
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Just In Time, Kronos Aims Knockout Punches At HCM Apps Rivals
Apps Run The World » Workforce Management
by Albert Pang
4y ago
After years of solidifying its gains in the workforce management applications market, Kronos is eying a bigger prize in everything HR. Already a leading vendor in the $3-billion workforce management apps market, Kronos is investing nearly $200 million in R&D, tripling what it spent in 2006 when it went private, in order to become a force to be reckoned with in the $20-billion-plus HCM software market. The upstream migration to a bigger pond presents tantalizing opportunities as well as unique challenges following the 2018 move by the 42-year-old vendor into a 1.25-million-square-foot ..read more
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Top 10 Workforce Management Vendors, Market Forecast 2017-2022, and Customer Wins
Apps Run The World » Workforce Management
by Albert Pang
4y ago
In 2017, the top 10 Workforce Management (WFM) software vendors accounted for 52% of the Workforce Management (WFM) applications market segment which grew 7.2% to approach $3.3 billion in license, maintenance and subscription revenues. As a whole, Workforce Management (WFM) applications including Workforce Management products represented 14% of the overall HCM applications market. As a whole, Workforce Management applications represented 14% of the overall HCM applications market, compared with 24% last year because of this year’s reclassification of some of the WFM market segments including S ..read more
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HCM Top 500 Vendors To Navigate 22 HR Software Markets In Bumpy Year
Apps Run The World » Workforce Management
by Albert Pang
4y ago
A confluence of technological, people and macro factors are expected to put the Human Capital Management applications market on a roller-coaster ride in 2017. Optimism is shared among key stakeholders in the $15-billion HCM apps market based on our 36-month-long research findings that covered thousands of survey participants and interviewees for the latest HCM Top 500 Market Report, which ranks the world’s 500 largest HCM apps vendors by their annual revenues across 22 segments in three primary groups – Core HR, Talent Acquisition and Workforce Management. Aging workforce, paradigm shifts & ..read more
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HCM Top 500 Leaderboard Showcases Biggest Vendors in 22 HR Software Markets
Apps Run The World » Workforce Management
by Albert Pang
4y ago
After conducting extensive research on the Human Capital Management applications market, we are pleased to announce the results of HCM Top 500 Market Report, which ranks and analyzes the world’s 500 largest HCM software vendors by their annual revenues across 22 segments in three primary groups – Core HR, Talent Acquisition and Workforce Management. This report summarizes our research results, spanning thousands of interviews and continuous surveys with HCM vendors, customers and consultants over a three-year period, as we identify some of the most innovative, the fastest-growing, as well as t ..read more
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Top 10 Workforce Management Software Vendors, Market Forecast 2015-2020, and Customer Wins
Apps Run The World » Workforce Management
by Misho Markovski
4y ago
In 2015, the top 10 Workforce Management (WFM) software vendors accounted for nearly 39% of the HCM applications market segment which grew 4% to approach $3.6 billion in license, maintenance and subscription revenues. As a whole, Workforce Management (WFM) applications represented 24% of the overall HCM applications market. Last year Kronos was No. 1 in Workforce Management with 18% market share and $658 million in HCM Workforce Management product revenues, achieving a 5% jump in license, maintenance and subscription revenues. ADP was No. 2 with 5% share, Ultimate Software was the third at 5 ..read more
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