SMART Goal, KPI and Balanced Scorecard Functionality Enable Executives to Proactively Measure Workforce Productivity
Santa Monica, CA - July 13, 2005 - Cornerstone OnDemand, a leading provider of integrated on-demand enterprise software solutions for human capital management (HCM), today announced the general availability of Cornerstone OnDemand's advanced goal management functionality for performance management. Cornerstone's latest generation of its Employee Performance Management (EPM) solution now includes support for SMART goals, Key Performance Indicators and Balanced Scorecard reporting features.
The latest features, the result of extensive collaboration with Cornerstone clients and prospects, allow organizations of any size to develop specific, quantifiable goals, to align them across the organization, and to provide executives and management with actionable performance indicators based on multiple organizational perspectives. Because the new goals functionality is fully integrated with Cornerstone's world-class learning management system, HR and Learning professionals can easily optimize employee development programs for maximum impact on performance and overall organizational success.
The goal management functionality allows users to create SMART goals, which are Specific, Measurable, Actionable, Realistic, and Timely. Goals can be created for any business unit and cascaded throughout the entire organization. The goal management functionality also includes tools to support the balanced scorecard methodology. In addition, Key Performance Indicators (KPIs) can be rolled up from subordinates to managers, providing executives with a real-time, dashboard view of organizational performance.
"Our clients and prospects tend to be on the cutting edge of human capital management issues," said Adam Miller, President and CEO, Cornerstone OnDemand. "They require very sophisticated capabilities in an easy-to-use application that impacts their bottom line."
Cornerstone's HCM suite provides enterprise organizations with a fully integrated learning, performance and succession management solution, enabling clients to activate functionality as their business requirements evolve. Because the solution is available on-demand, it is constantly updated with the latest features and functionality at no additional cost.