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

Date: February 20, 2018 10:00 AM EDT

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 culture built on collaboration, camaraderie, and care for all individuals.

“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. Always.”

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 includes:

• 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 employees
• 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 performance
• 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 culture
. 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 community.

In determining this year’s rankings on the 100 Best Companies to Work For list, Great Place to Work employed a data-driven methodology 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, visit http://fortune.com/best-companies.

About Great Place to Work®
Great Place to Work is the global authority on high-trust, high-performance workplace cultures. Through its certification programs, Great Place to Work recognizes outstanding workplace cultures and produces the annual Fortune 100 Best Companies to Work For 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 #7 on its prestigious 100 Best Companies to Work For list, our sixth consecutive year to be ranked in the top 25; #1 on Fortune's Best Workplaces for Millennials; and #2 on Fortune's 100 Best Workplaces for Women. 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 Service. 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 www.ultimatesoftware.com.

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

Follow Ultimate Software
LinkedIn: https://linkd.in/UltimateHCM
Twitter: www.twitter.com/UltimateHCM
Facebook: www.facebook.com/UltimateSoftware

Contact Information:

Darlene Marcroft, Vice President of PR and Communications at Ultimate Software
phone: 954-331-7444; email: [email protected]

For sales information, phone: 800-432-1729; website: www.ultimatesoftware.com

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