Cornerstone is Reimagining a System of Work to Improve Resilience, Growth and Success for All

Rhea-AI Summary

Cornerstone OnDemand, Inc. (NASDAQ: CSOD) has unveiled a transformative vision for a modern 'system of work' aimed at enhancing workforce agility and unity. This system addresses the evolving needs of organizations post-COVID-19, emphasizing skill development and workforce readiness. Key innovations include advancements in technology architecture, AI integration, and personalized content delivery. Cornerstone aims to foster a skills-driven workplace, leveraging its extensive user data to customize learning experiences, ultimately positioning itself for continued growth in the HR software sector.

Positive

• Introduction of a new 'system of work' aimed at enhancing workforce agility.
• Commitment to advancing its core platforms and architecture for seamless integration.
• Leveraging AI for skills technology to facilitate workforce development.
• Focus on personalized content delivery using data from over 75 million users.

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• None.

A skills-powered, AI-driven, experiential approach designed for the modern work environment

SANTA MONICA, Calif.--(BUSINESS WIRE)-- Cornerstone OnDemand, Inc. (NASDAQ: CSOD) today unveiled its vision for a new “system of work” designed to meet the transformative needs of the contemporary workforce. Cornerstone’s new system of work will transform how customers manage and grow their workforces by removing talent complexity and technology silos. It introduces a unified and holistic approach to talent that improves workforce agility and unites people and businesses on a path to success.

As organizations continue to transform to meet the tectonic shifts of the past two years, they understand the need to focus on developing new and different skills, improving workforce readiness, and supporting significant changes to how work gets done. According to a recent McKinsey & Company report, this pressure to change has been building for years. Well before the COVID-19 pandemic, senior executives routinely worried their organizations were too slow, too siloed, too bogged down and too bureaucratic. Organizations today must be focused on developing the skills that will ensure their overall business, and every individual employee, is future-ready.

Cornerstone's vision is to unify technology, people and business with a new system of work that works for everyone. It is designed to help organizations become future-ready by achieving transformative reskilling at scale, improving talent mobility, accelerating growth opportunities for their people, and creating more agility and responsiveness across their workforce. To bring this new vision to life, Cornerstone is focused on several key principles of innovation:

• Advancements to its core platforms and architecture: Cornerstone is dedicated to delivering value to its customers no matter which Cornerstone product or platform the organization is using. With the company’s commitment to technical excellence and its new, open and flexible microservices architecture, Cornerstone can now accelerate the speed of innovation to customers by developing advancements once and seamlessly integrating them across the company’s entire system of work.

• Bolstering its world-class AI and skills technology: As the world reshapes how it thinks of jobs and work going forward, Cornerstone envisions skills becoming the universal language for growth and success. Leveraging its proprietary AI engines, coupled with the expansion of the Cornerstone Skills Graph, Cornerstone is integrating its skills technology within this new system of work to help customers identify, align and accelerate new skill development across their workforces to create more opportunities, more fluidity and more connected experiences that are individualized, self-driven and skills-forward.

• Expanding content curation and delivery: To help organizations and their people grow and align the right skills, Cornerstone is committed to improving workplace learning by leveraging research and its own data from over 75 million users to develop purposeful and personalized content offerings that are linked to skills development and better enable timely, self-driven learning. The Cornerstone Content team will continue to focus on creating, expanding and curating the best learning content available through new partnerships and producing new series from Cornerstone Originals.

• Reimagining a consumer-grade, connected employee experience: Today’s workforce is more mobile, more diverse and more dynamic than ever before. Employees want to grow and feel empowered, and organizations want to make sure they are engaged and consistently productive, no matter where they work or how work gets done. To help usher organizations into this modern work environment, Cornerstone is reimagining how the end-user experience should look within this new system of work. The company is focused on innovations that enable a more fluid, fully connected and intuitive experience that is consistently adapting to a user for a truly personalized development and growth experience at work.

“One of the biggest transformations in business is the change from a `job-centric' to `work-centric' architecture – essentially a shift from jobs to work,” said Josh Bersin, Global Industry Analyst. “This shift is forcing companies to rebuild their talent practices around skills and capabilities, rather than focus on tenure, position, or credential. To fuel this change, businesses need AI-powered, skills systems that power recruiting, internal mobility, development, mentoring, and eventually rewards, recognition and pay. Cornerstone’s plans for such a holistic system go well beyond the company’s roots in learning and talent management and have enormous potential in the market.”

“Our customers understand that their people are the key to unlocking organizational agility, growth, innovation and success, especially as their business priorities and ways of working continue to shift and evolve,” said Ajay Awatramani, Chief Product Officer, Cornerstone. “Our new innovations in architecture, AI, content and experience will enable talent leaders to focus on building purpose-driven cultures that offer their people new opportunities to develop, innovate, connect and thrive, while keeping their teams aligned around a shared destination and definition of success.”

To learn more about Cornerstone’s commitment to innovation, please join the company’s virtual customer and partner conference, Cornerstone Convergence, on Nov. 16-17, 2021. Register for free here: https://www.cornerstoneconvergence.com/

About Cornerstone

Cornerstone powers the future ready workforce, with HR software and solutions designed to unite people, teams, technology and business, and inspire a work environment of growth, agility and success for all. With an AI-powered and skills-forward system designed for the contemporary workforce, we help organizations modernize the learning and development experience, deliver the most relevant content from anywhere, accelerate talent and career mobility, and establish skills as the universal language of growth and success across the business. Cornerstone serves over 6,000 customers and 75M users and is available in 180 countries and 50 languages. https://www.cornerstoneondemand.com/

View source version on businesswire.com: https://www.businesswire.com/news/home/20210921005202/en/

Deaira Irons, Cornerstone

dirons@csod.com

Source: Cornerstone OnDemand, Inc.

FAQ

What is Cornerstone OnDemand's new system of work?

Cornerstone OnDemand's new system of work aims to enhance workforce agility by unifying technology, people, and business, focusing on skill development and management.

What innovations has Cornerstone introduced?

Cornerstone has introduced innovations in technology architecture, AI skills integration, and personalized content delivery to support workforce development.

How does Cornerstone plan to enhance skill development?

Cornerstone plans to enhance skill development by leveraging its AI technology and user data to create personalized learning experiences.

When is the Cornerstone Convergence conference?

The Cornerstone Convergence conference is scheduled for November 16-17, 2021.