New platform aims to close worsening ‘Workforce Readiness Gap’ that is costing organizations trillions in talent and revenue losses
SANTA MONICA, Calif. – May 8, 2024 – Cornerstone OnDemand Inc., today announced at its Connect Live World Tour kickoff event in Chicago the launch of Cornerstone Galaxy, an AI-powered workforce agility platform, aimed at solving the workforce readiness gap. The workforce readiness gap is created by the pace of change from innovation, market changes, and other factors becoming out of sync with a workforces’ ability to adapt. The Workforce Readiness Gap Report, launched today in partnership with Lighthouse Research, revealed this gap is widening with 63% of enterprise leaders responding that they don’t believe their workforce is adaptable to change and 60% who believe that AI has increased the pace of workplace change.
Cornerstone seeks to solve this gap by building high-performing, future-ready people and organizations with Cornerstone Galaxy. Organizations can break down their barriers to transformation with Cornerstone Galaxy by identifying skills shortages currently undermining their ability to sustain corporate performance. According to external analyst studies and internal Cornerstone experience measures, an organization of 10,000 employees can show up to a $7 million impact on their business through workforce agility and improved retention.
Designed with AI powering all aspects of the platform, from administrative workflows to personal development experiences, Cornerstone moves beyond traditional learning and talent offerings with Cornerstone Galaxy’s open and extensible platform. As part of the Cornerstone Galaxy launch, the company has also unveiled four new industry-leading innovations within the platform, including;
- Cornerstone Immerse– the advanced immersive spatial learning solution includes an open-ended, adaptive, generative AI-based companion, dialogue-based experiences and a content subscription dedicated to extended reality environments.
- Cornerstone Companion– an AI-powered companion purpose-built for talent development to build plans, access knowledge, curate, and build targeted content collections and create job descriptions faster.
- Cornerstone Talent Intelligence– building on its powerful analytics and AI engine, in partnership with Visier, Cornerstone Talent Intelligence provides rich, comprehensive data visualizations that connect talent processes to tangible outcomes like retention, skills acquisition, and engagement.
- Cornerstone Extend– expanding on hundreds of existing partners, Cornerstone Extend improves usability and access for partners to integrate and showcase their offerings and provide a single point of access for customers to tap into a marketplace of solutions.
“We’ve long held the belief that when people are at their best, organizations are at their best,” said Himanshu Palsule, CEO of Cornerstone. “Today we’re making it easier than ever for organizations to elevate their people, support their skilling and development, and transform their workforce to not only meet the ever-changing needs of today’s landscape but also to continually adapt, thrive and grow. Cornerstone Galaxy is an acceleration for Cornerstone and its customers, offering a holistic and continuous strategy of workforce agility to meet the future.”
“Our biggest needs are all people focused,” said Derek Blake, Divisional Vice President, Global Learning & Development, Encore Global. “We have to ensure that we retain our top talent, grow their skills, skill up our new talent, and make sure they’re all engaged so they stay. These are the things that keep me up at night and Cornerstone Galaxy helps me sleep better. With Cornerstone Galaxy we can give our people more control over their growth, which means they’re more engaged with it, and we have more insights into who on our team is best suited for any role, and it’s not always the first person we used to think of.”
“Our new research on Dynamic Organizations points out that high-performing companies have dynamic, developmental, and supportive people practices,” said Josh Bersin, Global Industry Analyst. “Cornerstone’s focus on Workforce Agility is precisely what companies need as the need to reskill, redeploy, and reengage workers becomes ever-more mission-critical.”
More information about Cornerstone Galaxy, Cornerstone Immerse, Cornerstone Companion, Cornerstone Talent Intelligence and Cornerstone Extend will be presented at Cornerstone’s Connect Live events. If you’re unable to join us at one of these 14 major city events, check out: Cornerstone Galaxy.
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 125 million users in 186 countries use Cornerstone Galaxy to build high-performing, future-ready organizations and people today.
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