Market Overview

Ultimate Software Named #3 Best Company to Work For by Fortune


Ultimate Software (NASDAQ:ULTI), a leading provider of human capital
management (HCM) solutions in the cloud, announced today that Fortune
and Great Place to Work have ranked Ultimate #3 on their 2018 list of
the 100 Best Companies to Work For. This marks Ultimate's
highest-ever ranking, honoring our commitment to developing a "People
First" workplace
built on collaboration, camaraderie, and care for all

"From the beginning, it's been about people. Respect, honor, and trust
in everyone, every day," said Scott Scherr, CEO, president, and founder
of Ultimate. "We've never wavered in our core belief: when you put your
people first, they'll take care of one another, your customers, and your
business. Our focus on people is the reason we're here—it drives the
innovative HR technology we create and the industry-leading customer
service we provide. Today, 27 years in, we're stronger than ever, and
our success starts with every one of our employees. They're our family,
and Ultimate's our home. We take great pride in our people and this
recognition. We'll continue to put people at the forefront of all we do.

How Ultimate Cares for Employees—and Their Families

Through a variety of companywide programs, benefits, and perks,
Ultimate's people are empowered to learn and grow as professionals,
succeed through teamwork, celebrate accomplishments together, and give
back in the community.

Our comprehensive benefits package for all regular, full-time employees

  • 100% employer-paid healthcare (medical, dental, and vision premiums)
    for employees and their families, including same-sex married couples,
    with coverage for IVF treatments
  • 40% dollar-for-dollar match on all employee 401(k) contributions, with
    no cap, up to federal limits
  • Unlimited PTO for salaried employees; 15 days per year for hourly
  • Paid parental leave: maternity/adoption (10 weeks), paternity (4 weeks)
  • Company equity in the form of ULTI restricted stock units (RSUs)
    gifted upon hiring, with the ability to earn additional shares for
  • Three paid service days per year, for employees to volunteer and
    support the charities and nonprofits of their choosing

Ultimate fosters career and personal growth through ongoing learning
opportunities and mentorship, as well as our leadership-development
programs. Employees are also encouraged to join and participate in
Ultimate's diverse Communities of Interest: PrideUS for LGBTQIA
individuals; Women in Leadership for women at all levels of the
organization; UltiVETS for veterans and active service members; and
UltiHOPE, established in October 2017 as a support network for cancer
patients, survivors, and caregivers. Additionally, Ultimate prioritizes
employees' overall health with onsite wellness and exercise programs
(meditation, yoga, and Pilates).

Recent Recognition for Ultimate's "People First" Culture

The 2018 100 Best Companies to Work For ranking follows more than
30 awards and honors in the past 12 months recognizing Ultimate's employee-centric
. This includes ranking #1 on Fortune's Best
Workplaces in Technology
list for the third consecutive year, #2 on
Fortune's 100 Best Workplaces for Women, and #2 on People
magazine's 50 Companies That Care; being named the Best
Midsize Place to Work in IT
by Computerworld magazine; and earning
the Outstanding Large Corporation of the Year award from the
Association of Fundraising Professionals for our commitment to the

In determining this year's rankings on the 100 Best Companies to Work
list, Great Place to Work employed a data-driven
applied to anonymous Trust Index™ survey responses
from more than 310,000 U.S.-based employees at companies with more than
1,000 employees and representing a spectrum of industries. Employees
rated their workplace cultures on more than 50 elements, including trust
in managers, compensation, fairness, camaraderie, and workplace traits
linked to innovation. The ranking also accounted for the experiences of
women, people of color, LGBT individuals, older team members, and
employees with disabilities.

To view the full 2018 list of Fortune's 100 Best Companies to Work For,

About Great Place to Work®

Place to Work
is the global authority on high-trust,
high-performance workplace cultures. Through its certification
, Great Place to Work recognizes outstanding workplace
cultures and produces the annual Fortune 100 Best Companies to Work
and Great Place to Work Best Workplaces lists for
Millennials, Women, Diversity, Small & Medium Companies, Industries,
and, internationally, countries and regions. Through its culture
consulting services
, Great Place to Work helps clients create
great workplaces that outpace peers on key business metrics like revenue
growth, profitability, retention, and stock performance.

About Ultimate Software

Ultimate is a leading provider of cloud-based human capital management
solutions, with more than 37 million people records in the Ultimate
cloud. Ultimate's award-winning UltiPro delivers HR, payroll, talent,
and time and labor management solutions that connect people with the
information they need to work more effectively. Founded in 1990,
Ultimate is headquartered in Weston, Florida, and employs more than
4,200 professionals. In 2018, Fortune ranked Ultimate #3 on its
prestigious list of 100 Best Companies to Work For, our seventh
consecutive year to be ranked in the top 25. Fortune also ranked
Ultimate #1 in the Large Company category of its 40 Best Workplaces
in Technology
list, making it our third consecutive year to be
recognized as #1. In 2017, Fortune ranked Ultimate #1 on its list of Best
Workplaces for Millennials
and #2 on its 100 Best Workplaces for
. Also in 2017, Forbes ranked Ultimate #7 on its list of 100
Most Innovative Growth Companies,
the National Customer Service
Association named our services division the top Service Organization
of the Year
in the Large-Business category, People magazine ranked
Ultimate #2 on its list of 50 Companies That Care, Brandon Hall
Group honored Ultimate with a Gold Award in Technology, HfS
Research rated Ultimate the top HCM vendor for predictive people
analytics in its Blueprint Market Guide, and the Stevie Awards
honored Ultimate with its People's Choice Award for Favorite Customer
. Ultimate has more than 4,100 customers with employees in
160 countries, including Bloomin' Brands, Culligan International,
Feeding America, Major League Baseball, Red Roof Inn, SUBWAY, Texas
Roadhouse, and Yamaha Corporation of America. More information on
Ultimate's products and services for people management can be found at

UltiPro is a registered trademark of The Ultimate Software Group, Inc.
All other trademarks referenced are the property of their respective

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