[June 06, 2017] |
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Cornerstone OnDemand Reimagines the Workplace Learning Experience
Cornerstone
OnDemand (NASDAQ: CSOD), a global leader in cloud-based learning and
human capital management software, today announced plans to reimagine
workplace learning with the launch of a learning experience platform and
a new subscription content offering tied to the Cornerstone
Learning suite.
Taking a more holistic approach to corporate learning, Cornerstone will
enhance its industry-leading learning platform, Cornerstone Learning, by
adding personalized, employee-centric digital learning capabilities.
This will include a new "Netflix-style" user interface with curated
content recommendations, as well as playlist, collaboration and sharing
capabilities similar to Spotify (News - Alert). The company will also launch a
progressive content subscription service featuring video-enabled,
mobile-ready courses that will be continually refreshed from leading
providers, including TED,
Grovo,
PowerForward
and CyberU.
Cornerstone's innovations are in response to the societal, economic and
technological shifts that are sparking a disruption in jobs and the
skills needed to perform them:
-
Research from McKinsey
indicates that 45 percent of job activities for both low-skill,
low-wage roles and high-paid occupations can be automated with current
technologies.
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The half-life
of workplace skills has fallen to as little as five years.
-
Robots are expected to make 25 million jobs obsolete over the next 10
years according to a Forrester
Report.
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Organizations are finding it difficult to boost employee education and
skills training fast enough to keep pace with change.
Cornerstone's new comprehensive approach addresses the needs of both
organizations and learners - putting employees in control of their
career development and allowing for learning to occur in more natural
ways as part of a daily work flow. And it enables organizations to weave
continuous learning into all areas of their employee experience and gain
valuable insight into the ROI of initiatives because it is built on
Cornerstone's broader human capital management platform, unlike most
offerings on the market today. The digital learning enhancements to
Cornerstone Learning, as well as the new content subscription service,
are expected to be available fall 2017.
A Personalized Digital Learning Experience
Expanding on Cornerstone Learning suite's deep functionality, such as
compliance and certifications, instructor-led training, blended
learning, collaborative learning, and "push and pull" development,
Cornerstone's new digital learning capabilities create a personaized
learning experience for individuals. New features will include:
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"Netflix-style" User Experience. Cornerstone Learning will
simplify discovery with a new, personalized interface, including tiled
visual browsing of courses and predictive search, all designed to make
it easier and more intuitive for people to explore content and learn
something new at their own pace and at their own time of need.
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Curated Content and Learning Paths. The new digital learning
experience supports various types of content curation. In addition to
manual curation of courses by learning administrators, the system will
automatically identify and recommend courses based on a user's
interests, preferences and aspirations, powered by Cornerstone's
proprietary machine learning algorithm. The system also will
automatically identify the best learning paths by role or career
trajectory to help employees pursue their ambitions.
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Learning Playlists. Similar to the Spotify model, employees are
able to create and share their own learning playlists with
professional and proprietary courses, as well as informal learning
content from outside the system, such as relevant articles or YouTube (News - Alert)
videos.
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Expert and Peer Collaboration. Adding to Cornerstone's existing collaborative
learning capabilities, new functionality will include cloud
sharing, enabling co-browsing and allowing people to visually
collaborate and broadcast live training in real-time. Users will also
be able to easily schedule live training sessions, identify subject
matter experts and connect with peers who share similar learning
interests.
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Credit for Informal Learning. Using X-API (the experience API),
Cornerstone will make it possible for individuals to get credit for
all of their learning experiences, whether formal or informal.
Additionally, organizations will be able to gain better insight into
and capture their employees' informal learning activities via
Cornerstone.
Modern Content for Self-Directed Learning
In addition to the learning experience platform, the company is
launching a subscription content offering, Cornerstone Content Anytime,
to simplify the acquisition and curation of modern training content for
Cornerstone's clients. Initially, Cornerstone's new content service will
feature approximately 3,000 courses across a depth and breadth of topics
geared toward helping employees close skill gaps and develop personally
and professionally via self-directed learning opportunities. This
includes courses focused on both "hard skills" - those of particular
relevance to a role - and "soft skills" - personal attributes such as
effective communication, critical thinking, collaboration and
problem-solving needed to be successful in today's work environment.
Course categories will include office productivity, health and wellness,
software development, business, sales and marketing, design and web
development, among others.
Courses will be continually added and refreshed to stay current, with
cross-portal content recommendations across Cornerstone's massive user
base, ensuring the best content rises to the top. Future plans for the
service include the addition of industry-specific content, as well as
expert-curated content.
The new service will support all types of modern learning, from
micro-learning (shorter, easily consumable courses) and macro-learning
(deeper mastery of a subject or skill), to spaced-learning (courses
broken into sections, with timed intervals for questioning in between).
Cornerstone has formed strategic relationships with premier learning
content providers, who will be the first to contribute content when the
service launches in the fall. Participating companies will include:
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CyberU, which delivers online learning tailored for the digital
era by assembling contemporary curated content from over 75 expert
instructors and publishers, designed to appeal to today's workers.
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Grovo, the leader in micro-learning and an innovator in
workplace learning technology, which provides bite-sized video lessons
on the topics 21st-century employees need to thrive.
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PowerForward, which provides interactive video lessons to help
develop individuals and build championship teams, founded by Mike
Krzyzewski (Coach K), coach of Duke Men's Basketball and USA
Basketball, and featuring world-class leaders across all walks of life.
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TED, a nonprofit organization devoted to Ideas Worth Spreading,
usually in the form of short, powerful talks (18 minutes or fewer)
delivered by today's leading thinkers and doers.
Comments on the News
"No one corporate learning solution exists today that supports the
extensive learning requirements of organizations around the world and
the personalized learning experience individuals crave. Our latest
product innovations, coupled with our new content subscription service,
will change that," said Adam Miller, founder and CEO of Cornerstone
OnDemand. "We want to become the central hub for all learning content in
the world, and our scale, machine learning technology and deep learning
expertise uniquely position us to bring this vision to life."
"The corporate learning landscape is undergoing a transformation as
companies realize the importance of delivering a compelling digital
learning experience," said Josh Bersin, principal and founder, Bersin by
Deloitte (News - Alert), Deloitte Consulting LLP.1 "New offerings that
enable organizations to consistently bring fresh, personalized content
to their employees in a way that's familiar and efficient can
dramatically help speed skill development and encourage a stronger
culture of continuous learning."
Additional Details
About Cornerstone OnDemand
Cornerstone OnDemand (NASDAQ: CSOD) is a global leader in cloud-based
learning and human capital management software. The company is
pioneering solutions to help organizations realize the potential of the
modern workforce. From recruitment, onboarding, training and
collaboration, to performance management, compensation, succession
planning, people administration and analytics, Cornerstone is designed
to enable a lifetime of learning and development that is fundamental to
the growth of employees and organizations.
Based in Santa Monica, California, the company's solutions are used by
nearly 3,000 clients worldwide, spanning more than 31 million users
across 191 countries and 43 languages. To learn more about Cornerstone,
visit us on Twitter, Facebook
and our blog. www.cornerstoneondemand.com.
Cornerstone® and Cornerstone OnDemand® are registered trademarks of
Cornerstone OnDemand Inc. 1. Please see www.deloitte.com/us/about
for a detailed description of our legal structure.

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