Industry analyst David Wilson and executives from Barclays and Allied Irish Bank (AIB) shared insight into key trends and best practices for integrated talent management at Cornerstone OnDemand EMEA user group conference in London.
While talent management connects performance, succession planning and learning in logical and consistent ways, most companies use different systems and processes to manage these disciplines. Those organisations that embrace a connected process will be more successful in their long-term talent management strategies, says David Wilson, the UK’s leading corporate learning and talent management analyst.
Wilson, managing director of corporate analyst firm Elearnity, met recently with UK and Republic of Ireland-based companies to discuss key talent management market trends and best practices at a recent user conference hosted by Cornerstone OnDemand, Inc., a provider of on-demand, integrated talent management software and services.
Held at the historic Coopers’ Hall in the City of London, delegates from companies such as Barclays and AIB also shared real case study examples for implementing integrated talent processes, addressing business issues such as employee performance, learning, compliance and succession planning.
“The whole thrust of the Cornerstone EMEA user group was very good, as it gave us the opportunity to mix and build up our networks with Cornerstone’s other customers,” commented Mary Fitzgerald-Horgan, who oversees group performance and elearning for AIB. “In addition, it helped us understand broader trends in the industry, and Elearnity’s David Wilson provided us with a thought provoking and highly interesting session.”
According to Wilson, ‘organisational imperatives’ such as regulation, risk, globalisation, financial performance and employee demographics are driving businesses to invest in integrated talent management processes and systems. This also includes the consolidation of learning management systems (LMS) at an enterprise level rather than multiple LMS’s in departmental or functional ‘silos.’
“Recently, however, we’ve seen significant systems and process innovation in terms of talent management,” Wilson continued. “One-size-fits-all ERP/HRMS assumptions are being increasingly challenged.”
“Those who are being successful in their talent management systems are using connected processes, not just common data,” he revealed. “They are also realising the value of systems that are flexible and adaptable to changing organisational context and priorities.”
Conference attendees also received an insight into pre-release versions of Cornerstone OnDemand’s new talent management products, which are due to launch this coming autumn.
From enterprise-level clients to SMB companies, Cornerstone provides integrated talent management solutions to organisations around the world. Its products and services span the typical workforce lifecycle, from induction, learning and compliance, to collaboration, performance, succession and compensation.
Beyond employees, Cornerstone also provides extended enterprise offerings to help companies collaborate with and train customers, vendors and other partners. Cornerstone’s extensive, real-time reports and dashboards help companies assess the effectiveness and ROI of their investment in talent management technology. A multi-tenant, multi-user software as a service (SaaS) offering, Cornerstone provides a faster, more efficient way for companies to deploy, manage and maintain their talent management systems, without the hassles of version upgrades and maintenance, hardware and IT costs.