Great Place to Work, which monitors employee engagement, has been bought by UKG.
Good morning.
Some Fortune-related news this morning: Our longtime partner, the Great Place to Work Institute, has been acquired by UKG, a provider of human capital software solutions formed last year by the merger of Ultimate Software and Kronos Inc.
Since 1998, Great Place to Work has powered Fortune’s annual 100 Best Companies to Work For list, which has become the benchmark ranking of great employers. Millions of job seekers turn to the list each year in search of companies offering free food, nifty nap pods, bountiful benefits and more.
Even more important is what the Fortune/GPTW methodology does to build great businesses. I’ve written here before about how the modern economy has put more power into the hands of employees. GPTW helps mold great companies by regularly monitoring what those employees are thinking. In the new world of stakeholder capitalism, good employee engagement surveys like those conducted by GPTW are the first tool needed to assure accountability.
Michael Bush, who has run GPTW since 2015, has increased the number of companies that use its tool by 7X to over 10,000. He said with the help of UKG, he expects that number to grow 10X more to reach 100,000. The acquisition “dramatically accelerates our vision to build a better world by helping every organization become a great place to work for all.”
By the way, UKG ranked number six on this year’s 100 Best list, right after Cisco, Salesforce, Hilton, Wegmans and Rocket. Other news below.
Alan Murray
@alansmurray
alan.murray@fortune.com
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This edition of CEO Daily was edited by David Meyer.
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