Commissioned Study measures the potential ROI of a workforce agility strategy with Cornerstone Galaxy
SANTA MONICA, Calif. – October 8, 2024 – Cornerstone OnDemand Inc., a leader in workforce agility solutions, today announced the release of a newly commissioned study, conducted by Forrester Consulting, ‘The Total Economic Impact™ of Cornerstone Galaxy .’ The study found a potential 443% return on investment (ROI) for customers who adopted Cornerstone Galaxy, based on a composite organization, based on multiple customer interviews with 5,500 employees and revenue of more than $1 billion per year.
The Forrester study stated that, “After investing in Cornerstone Galaxy, interviewees described a significant transformation in how their organizations managed learning, talent development, and their ability to bridge the workforce readiness gap. The workforce readiness gap is created because the ability of a workforce to adapt to change is out of sync with the pace of that change. This gap impacts organizations through challenges to skills, employee expectations, and data visibility. Key results from investing in Cornerstone Galaxy include streamlined administrative processes, increased internal mobility, and improved employee engagement and retention through more personalized learning pathways. Additionally, organizations saw reductions in compliance risks and improved recruitment efficiency, leading to substantial cost savings.”
According to Forrester, key quantified benefits to the composite organization from implementing Cornerstone Galaxy include:
- The value of an upskilled employee base is worth $6.2 million over three years
- A 49% reduction in time to hire
- A 40% reduction in employee time-to-productivity
- Compliance consolidation savings worth $1.9 million over three years
The study also noted, “Interviewees said that prior to using Cornerstone Galaxy, their organizations relied on fragmented systems for learning, talent management, and recruitment, leading to disjointed processes and multiple inefficiencies. Their approach before using Cornerstone Galaxy caused challenges such as cost inefficient operating models, decentralized administration, a lack of visibility into workforce skills, inconsistent onboarding, and ineffective content curation.”
For 25 years, Cornerstone has been innovating industry-leading learning and talent development technology for thousands of organizations around the world. The company is committed to helping its customers transform their organizations to meet the new challenges of the modern workforce, empower a greater focus on business agility in terms of skill building and offer their people a more personalized experience to engage them on their unique growth journeys.
“We want our customers to realize value faster while preparing their organizations for the future,” said Himanshu Palsule, CEO of Cornerstone. “This Forrester study highlights our commitment to delivering value and empowering individuals to thrive in today’s changing landscape. This understanding will help translate strategic goals to board-level savings in efficiency and drive workforce agility, allowing organizations to stay competitive in today’s market.”
To download the Forrester Total Economic Impact (TEI) study on Cornerstone Galaxy, visit here.
To learn more about Cornerstone Galaxy, visit here .
About Cornerstone
Cornerstone powers the potential of organizations and their people to thrive in a changing world. Cornerstone Galaxy, the complete AI-powered workforce agility platform, meets organizations where they are. With Galaxy, organizations can identify skills gaps and development opportunities, retain and engage top talent, and provide multimodal learning experiences to meet the diverse needs of the modern workforce. More than 7,000 organizations and 140 million users in 186 countries use Cornerstone Galaxy to build high-performing, future-ready organizations and people today.
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