Key Takeaways:
- Implementing Cornerstone Galaxy led to a 49% reduction in hiring time, enabling quicker talent acquisition and increased organizational agility.
- The platform achieved a 443% ROI with a payback period under six months, delivering significant financial benefits.
- Cornerstone Galaxy improved onboarding efficiency, reducing time-to-productivity by 40% and enhancing overall workforce effectiveness.
With organizations evolving faster than ever, staying ahead means having an adaptable workforce ready for anything. That's why Cornerstone Galaxy, our AI-powered platform, is helping businesses achieve workforce readiness by identifying skills gaps, enhancing talent development and streamlining learning experiences.
To explore the financial impact of this solution, Cornerstone commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study, highlighting the cost savings and business benefits of implementing Cornerstone Galaxy.
Packed with powerful insights, this latest Forrester Total Economic Impact study demonstrates the real-world value of Cornerstone Galaxy. In the case of a hypothetical manufacturing organization with 5,500 employees and annual revenue exceeding $1 billion, the study revealed impressive results:
- 443% ROI – Cornerstone Galaxy delivered an ROI of 443%, with a payback period of less than six months. The financial benefit of $26.54 million over three years significantly outweighed the costs of $4.89 million.
- $21.65 million NPV –The platform's net present value, reflecting the organization's long-term financial gains, was a remarkable $21.65 million.
- 49% reduction in time to hire – With enhanced recruitment processes, Cornerstone Galaxy reduced the hiring time by nearly half, leading to more agile talent acquisition and faster integration of new employees.
- 40% reduction in employee time to productivity – Onboarding became more efficient, allowing employees to reach productivity quicker and improving overall workforce efficiency.
- $7.4 million compliance savings – Through streamlined compliance processes, the organization saved $7.4 million over three years, ensuring that regulatory requirements were met without excessive resource allocation.
These results illustrate the substantial financial benefits and operational improvements that Cornerstone Galaxy brings to organizations.
While the numbers alone make a compelling case for Cornerstone Galaxy, Forrester also highlighted several unquantified benefits that contribute to overall business success:
- Improved employee experience – Offering personalized learning pathways and continuous development makes employees feel more engaged and valued, leading to higher retention and satisfaction.
- Enhanced candidate experience – Cornerstone Galaxy's AI-driven talent intelligence improves candidates' recruitment journeys, making it easier to identify and match the right talent with open roles.
- Increased administrative efficiency – The platform reduces the administrative burden on HR teams, allowing them to focus on strategic initiatives rather than manual processes.
Adopting Cornerstone Galaxy isn't just about saving money but transforming how you manage talent. The platform brings all your learning systems together, gives you more precise insights into your team's skills and helps you get ahead of workforce challenges before they become significant problems. This way, your business is ready to tackle whatever comes next and set up for long-term success.
Forrester's Total Economic Impact™ study illustrates how Cornerstone Galaxy can cut costs, boost productivity and make your workforce more agile. We've touched on some key findings here, but the full report digs into even more benefits, plus important factors to explore as you evaluate this investment.
Download the complete study to see how Cornerstone Galaxy can drive meaningful business outcomes for your organization.
