Cornerstone Connect provides global enterprises and SMBs with on-demand workplace collaboration tools including communities, user profiles, blogs, wikis and more
HRchitect featured Cornerstone OnDemand in our May 2008 release of The Suite Life of Integrated Talent Management and we enjoyed visiting their cocktail networking event at HR Tech in Chicago last week.
Taking into account the numerous ways employees interact, learn and work in a modern, highly networked environment, Cornerstone OnDemand Inc. is adding a new enterprise social networking platform to its on-demand, integrated talent management suite of software and services. Cornerstone Connect will help organizations of all sizes bridge the gap between learning and performance with tools for boosting collaboration and communication for both employees and external audiences, such as partners and customers. The platform, which will be available next month, features a range of Web 2.0 tools – including communities of practice, blogs, wikis, user profiles, rating/sharing content, knowledge management (including alumni), podcasts, RSS feeds and more.
New workforce challenges are requiring businesses to reevaluate the way they go about fostering high-performance cultures, retaining top performers and developing leadership pipelines. In addition to globalization, the economy is slowing, and business conditions are changing. Baby Boomers, which make up nearly 40 percent of the U.S. workforce today, are retiring, while more multitasking, tech-savvy Millennials are ushered in. People are increasingly mobile and geographically dispersed, and they are operating within flatter organization models. Companies also have to keep up with shorter information cycles.
Incorporating social networking and collaboration tools into their existing networks can help companies improve employee performance, foster connections with both internal and external audiences, and cultivate informal learning. Industry research shows that while 80 percent of training dollars are spent on formal learning programs, equally 80 percent of what people actually learn and retain in a job is based on informal and collaborative experiences. Beyond employees, these tools also can help organizations engage customers and partners to drive innovation and lower support costs.
For more information, visit www.cornerstoneondemand.com
Matt Lafata, HRchitect
