UKG stands for Ultimate Kronos Group, a company that specializes in workforce management and human capital management solutions. Formed in 2020 through the merger of Ultimate Software and Kronos, UKG provides software that helps organizations manage employee scheduling, payroll, and performance. The company's products are designed to improve employee engagement and streamline HR processes. UKG serves various industries, including healthcare, retail, and manufacturing, offering tools that enhance productivity and compliance while fostering a positive workplace culture.