LONDON — 24 October 2016 — Cornerstone OnDemand (NASDAQ:CSOD) a global leader in cloud-based talent management software solutions, today announced that it remains positioned as a Strategic Leader in the October 2016 Fosway 9-Grid™ for Integrated Talent Management systems.
Cornerstone has also been recognised for the first time as a Potential Challenger in the October 2016 Fosway 9-Grid™ for Cloud HCM, entering the global HCM market following its investment in analytics and Cornerstone Link.
“Cornerstone continues to affirm its position as a strategic leader in integrated talent management solutions in Europe," said David Wilson, CEO, Fosway Group. "This year, for the first time, we have also produced the Fosway 9-Grid™ for Cloud HCM, and have featured Cornerstone as a Potential Challenger. Cornerstone’s position for Cloud HCM reflects its redefinition of the traditional view of HCM – putting talent management at the core and simplifying access to HR processes for more immediate business impact. The new Fosway 9-Grid™ for Cloud HCM recognises greater disruption in the HCM market from more agile, cloud-based solutions that deliver faster innovation and better user engagement.”
The Fosway 9-Grid™ is a five-dimensional market analysis model that is used to understand the position of different solutions and providers in the European talent systems market. It provides a comparison of different solutions based on their potential, performance, market presence, total cost of ownership and future trajectories across the market. The Fosway 9-Grid™ is the only market analysis of its kind focused on organisations in Europe.
Cornerstone’s unified talent management suite helps organisations of all sizes and across a wide variety of industries to realise the potential of their workforce and make smarter workforce decisions. By bringing all phases of the employee lifecycle under one platform, Cornerstone enables organisations to source and recruit top talent, develop and engage employees throughout their careers, improve business execution, cultivate future leaders, and enable external networks of customers, vendors and distributors. The suite includes applications for recruiting, onboarding, learning and development, collaboration, performance management, compensation management, succession planning, and analytics.
“Renewed leadership recognition in the Fosway 9-Grid™ for Integrated Talent Management reflects our constant commitment to the success of our clients and our ability to deliver innovative, industry-leading technologies that move our clients’ organisations forward,” said Vincent Belliveau, executive vice president and general manager of Europe, Middle East and Africa (EMEA), Cornerstone OnDemand. "Likewise, we know that in today's fast-paced environment, driven by digital transformation, HR technology strategies must be more agile, business-impact driven and employee driven. We are therefore introducing a next generation Human Capital Management approach to the market with Cornerstone Link, giving HR teams an alternative to the traditional model of large, expensive core HR systems."
Learn more and download the 2016 Fosway 9-Grid™ for Integrated Talent Management at http://www.fosway.com/9-grid/talent-management/ and the 2016 Fosway 9-Grid™ for Cloud HCM at http://www.fosway.com/9-grid/cloud-hcm/
