Cornerstone Report on Skills Development Reveals Significant Confidence Gap Between Businesses and Their People
Global study uncovers the greatest challenges organizations face when it comes to helping their employees develop new skills and offers practical advice for closing confidence gaps related to skills development
SANTA MONICA, Calif., Sept. 16, 2020 /CNW/ - Cornerstone OnDemand, Inc. (NASDAQ: CSOD), a global leader in people development solutions, today announced the results of a new workforce trends report from the Cornerstone People Research Lab (CPRL) titled "A License to Skill: Embracing the Reskilling Revolution." The global research report reveals that although organizational leaders and employees have rallied around the importance of skills, there remains a confidence gap in the efficacy of skills-based learning programs that advance careers and innovation in the business.
Conducted as the COVID-19 pandemic unfolded in the spring of 2020, the unique two-part survey compares the views of 1,000 employees and 500 business leaders from across the world, which included C-level executives and HR managers. The findings shed light on a heightened focus on skills development as a means to achieve critically needed agility. The research also validated the extreme workplace volatility caused by the pandemic. Across the board — from employees to HR leaders to executives — the modern workplace will be vastly transformed by the events of 2020: 76% of employees, 88% of HR leaders and 91% of non-HR executives believe the challenges their organizations are facing due to the crisis will significantly alter their daily work experiences in the future.
These results strongly suggest organizations have a unique opportunity to provide a clear, practical path forward for skills development, which is more essential and urgent today than ever. By illuminating the impact of the crisis, as well as the current state of workplace learning and skills development programs, the research uncovered the following insights:
To reduce this confidence gap with their employees, organizations should turn to data-driven technology to identify the skills their workforce currently has, and more important, predict the skills they will need in the future and link learning content that can teach those skills to their people now. By relying on this type of technology, such as the Cornerstone Skills Graph — announced today — business leaders and their employees can implement "strategic skilling," the practice of mapping skills with people, learning content and job roles to quickly respond to dynamic business changes.
"By capturing a deeper understanding of your workforce's skill sets and needs, organizations can begin to close the skills development confidence gap that ultimately limits agility in the face of change," said Heidi Spirgi, chief strategy and marketing officer, Cornerstone. "The results uncovered in this hyper-relevant research from CPRL inspire us to continue providing world-class people development solutions that will prepare our customers and their people to not only survive disruption, but thrive in the dynamic world we live and work in today."
The full "A License to Skill: Embracing the Reskilling Revolution" global report is available via an interactive platform hosted by The Starr Conspiracy. Visit the report to learn more about how to make skills of the future a reality for all.
About Cornerstone People Research Lab
SURVEY METHODOLOGY: Cornerstone partnered with The Starr Conspiracy to survey 500 leaders from organizations across the globe who have 500 or more employees. These leaders comprised C-level executives, HR and talent management professionals, as well as learning and development (L&D) and talent acquisition leaders. Simultaneously, The Starr Conspiracy surveyed 1,000 full-time (or long-term contract) employees working for organizations across the globe with 500 or more employees. These employees comprised various generations and a mix of managers and individual contributors. Between March 27 and April 24, 2020, survey respondents were questioned about attitudes toward skills development and talent mobility. The employee sentiment of the employer's support during COVID is 5.5 out of 7 with a standard margin of error of .04, which is well within the acceptable range.
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SOURCE Cornerstone OnDemand Inc.