Bersin Report Supports Cornerstone's Leadership Position as a Seasoned Talent Management Provider; Highlighting its Flexibility, Integration and Benefits of the On-Demand Model
Santa Monica, CA, June 12, 2006 - Cornerstone OnDemand, Inc., the only proven provider of integrated on-demand enterprise software solutions for talent management, has been recognized as a "new breed" provider of integrated talent management solutions in Bersin & Associates' Performance Management 2006: Market Analysis, Trends, Best Practices, and Vendor Profile.
The report's findings, based on the comprehensive study of 21 performance management vendors in the market, support Cornerstone OnDemand's position as a proven vendor that offers a comprehensive, fully integrated talent management solution delivered on-demand. The integrated talent management solution delivered via the on-demand model is particularly compelling to enterprise organizations that want to reduce implementation time, cut administrative costs, create a phased deployment, and serve remote locations.
As part of its on-demand offering, Cornerstone provides both Performance and Succession modules, which can be used alone or as part of a fully integrated talent management suite. According to the report, this modular approach "allows for a great deal of flexibility both in terms of usability and implementation."
"For years, Cornerstone has provided an excellent integrated talent management solution for performance, learning, and succession management," said Bersin. "Cornerstone's customers - among some of the world's largest enterprises - tell us that Cornerstone OnDemand's solution is highly configurable and flexible, a key strength in the performance management market. Cornerstone's 'new breed' of integrated talent management is not only in demand among its customer base, but is also catching on across the industry."
"As the only provider successfully implementing a fully-integrated approach to talent management, Cornerstone OnDemand is ahead of the curve in providing tangible benefits to today's leading organizations," said Adam Miller, President and CEO, Cornerstone OnDemand. "This study validates our expertise and experience, and it further reinforces Cornerstone OnDemand's position as an innovator in the market."
Performance Management 2006: Market Analysis, Trends, Best Practices, and Vendor Profiles is the first comprehensive study of the emerging performance management market. Findings are based on a quantitative survey of 553 HR and training managers and executives on performance management, in-depth interviews with more than 50 organizations currently using a performance management system, briefings with 21 software and services vendors, and a quantitative survey of 125 HR managers with experience in implementing a performance management system. The complete study is available at www.bersin.com/perfmgt.
Cornerstone is a premier people development company. We believe people can achieve anything when they have the right development and growth opportunities. We offer organizations the technology, content, expertise and specialized focus to help them realize the potential of their people. Featuring comprehensive recruiting, personalized learning, modern training content, development-driven performance management and holistic employee data management and insights, Cornerstone’s people development solutions are used by approximately 7,000 clients of all sizes, spanning more than 75 million users across over 180 countries and 50+ languages. Learn more at www.cornerstoneondemand.com.