In the most thorough analysis to date of employee performance management systems, a new study from industry analyst firm Bersin & Associates reinforces Cornerstone OnDemand’s position as a leading solution provider in the category.
The report praises Cornerstone not only for the company’s impressive growth, extensive global capabilities and committed client focus, but also for the exceptional comprehensiveness, configurability and user experience of Cornerstone’s performance module, part of its on-demand integrated learning and talent management software suite.
Bersin & Associates estimates that employee performance management will reach more than $520 million this year and projects a nearly 250 per cent increase in sales by 2011, making it one of the fastest growing segments in the human capital management market.
This growth is due in part to what the study calls ‘the year of globalisation’.
The Bersin & Associates study singles out Cornerstone among the few solution providers with deep experience in large-scale global implementations – including support for multiple languages, highly sophisticated configuration and distributed administration.
Cornerstone clients use localised configurations of its performance and succession management products in 141 countries around the globe.
“Cornerstone is one of the fastest-growing talent management software companies in the market,” said Leighanne Levensaler, director of talent management research for Bersin & Associates.
“We believe organisations will be particularly impressed with the configurability, global capabilities and user experience of Cornerstone’s 100 per cent on-demand solution.
“With its up-coming fall (autumn) product enhancements, coupled with its integrated learning and development platform, Cornerstone offers customers comprehensive and robust talent management support.”
Of the solution providers evaluated, Cornerstone also was commended for having above-average customer references.
The study notes that: ‘All of the customers we interviewed for this evaluation view Cornerstone as a key partner in their journeys’. It adds that these clients ‘can now point to measurable business impact’ from using Cornerstone’s technology platform to support critical talent initiatives.
“Being a trusted partner of our clients is paramount, not only to ensuring the success of our clients’ implementations, but also to our software’s innovation,” commented Adam Miller, President and CEO of Cornerstone OnDemand.
“More of our clients are dealing with globalisation and geographically distributed employees, requiring a fresher and more strategic approach to managing performance and development.
“Using our comprehensive integrated solution, and leveraging the flexibility and scalability of Software-as-a-Service delivery, ensures our clients are maximising their technology investment and positioning themselves for success as their workforce evolves.”