Blog Post

Everything Cornerstone accomplished in Q2

Cornerstone Editors

The first quarter of 2022 was a pretty great one for Cornerstone. You may have read our blog about everything we accomplished. So when we say that this quarter exceeded the high expectations we had coming out of Q1, know that we mean it. Mainly because we wouldn't have written this blog if we didn't.

In the second quarter of 2022, we were all about growth. Growth in our people, capabilities, expertise and ambitions.

Here are just a few of the things we accomplished in Q2:

  • Uncovered leading trends across our industry
  • Expanded our teams and capabilities
  • Secured exciting wins with and for our customers
  • Received consistent recognition from global industry expert

Each of these achievements helped cement our position as a leader in learning, skills development, content, and AI-powered people experiences.

And even with all that, there's still more to say about what Cornerstone accomplished in Q2.

Identifying leading trends across the skills development landscape

We kicked things off in a big way in Q2 with the release of our second global research study, Thriving in the Global Skills Shortage: Your Path Through the Wilderness.

The report placed a bright spotlight on organisational trends in the evolving skills development landscape, with a specific focus on the widening employee-employer Skills Confidence Gap and the ongoing sense of urgency surrounding skills and talent shortages.

The top three key findings from our research were:

  • Employers and employees aren’t fully aligned on skill prioritisation
  • Employees are not confident their organisations are prioritising skills in the future
  • The Skills Confidence Gap narrowed or widened depending on organisational strength

Cornerstone CEO Himanshu Palsule summed it up best, calling the research findings a demonstration of "how organisations and their people continue to see skills development as an increasingly important part of navigating their shared future successfully.”

Remaining intentional in our business expansions

We acquired a full other company this quarter. And we made definitive plans to acquire another. This is how we really kicked our “growth” into full gear.

In Q2, we proudly completed the acquisition of EdCast, and with it promoted our intentions to revolutionise the learning landscape. Together, our teams have united and shared ambitious goals to solve the most critical talent and business demands we're seeing in work today.

We can’t wait to watch as our shared vision comes to life.

The Cornerstone and EdCast teams got to work quickly, announcing an exciting Zoom integration that will embed learning and training tools to help drive productivity and upskilling.

And what comes next after the completion of one acquisition? Plans for a second, of course.

We quickly followed the completion of our EdCast acquisition with the announcement of our definitive plans to acquire SumTotal.

Now, we can’t share too much just yet, but we can say that this partnership will introduce some seriously impactful improvements for our customers in how they identify and develop the skills of the future, engage and grow their people, and adapt to organisational agility.

EdCast and SumTotal weren’t the only newcomers on the block, however. We also welcomed two powerhouse leaders to our executive team:

  1. Ryan Courson joined Cornerstone as our chief financial officer. A fun fact about Ryan? He previously served as the youngest CFO of a public company, the Seaspan Corporation (no big deal!).
  2. Carina Cortez also joined Cornerstone as our chief people officer. Coming from Glassdoor as their CPO, Carina brings a unique perspective on the power of people growth and strong company cultures.

Customer success all around the world

Q2 was no exception when it came to helping our customers create purpose in what they do. Our successful efforts to help bring their organisations to the next level were reflected in our customers’ expanded partnership offerings, relationship extensions, and many new customers.

Just a few of the legacy customers that saw more success with Cornerstone this quarter include:

  • Smith and Nephew CDN
  • UNHCR
  • META
  • O’Neal
  • Allegis Group
  • AmeriHealth Caritas
  • Viking Group Inc.
  • Americold Logistics
  • Indiana Packers Corporation
  • The National Bank of Indianapolis
  • Ziggy’s Home Improvement
  • Vital Farms
  • Vensure Employer Services

And new customers finding success as they start their journeys with Cornerstone:

  • Grammar AG
  • ASML
  • Chewy
  • Texas Commission
  • TOI Management

Many of our customers took their success to the big screen, garnering award-winning recognition. A special shout out to Suntory Holdings, Cardinal Health, DPDHL, and Estee Lauder Companies for securing big wins from the 2022 Chief Learning Officer in the Learning Elite Awards. Each of these customers was recognised for best-in-class levels of performance across five dimensions: learning strategy, leadership commitment, learning execution, learning impact, and business performance results

We're just happy to be a part of it.

Our customers weren’t the only ones winning in Q2

Seeing our customers thrive is always a win for us. We don’t mind accepting a little love from our industry, too. Cornerstone received a flurry of recognition from established industry experts and reports, including:

  1. Recognition as a Strategic Challenger in the Fosway 9-Grid™ for Talent Acquisition
  2. Ranking in HRO Today's L&D Baker's Dozen
  3. Named a Leader for Worldwide Modern Talent Acquisition Within Talent Management and Worldwide Modern Talent Acquisition by IDC MarketScape
  4. Winner of the 2022 Craig Weiss Top-Ten Learning Systems
  5. eLearning Industry’s Top Extended Enterprise Learning Management Systems List
  6. Rated as a Leader by HerbertNathan & Co. in the first Scandinavian LMS Report

We also welcomed several meaningful awards in Q2 for our products, industry influence, and original content. Some highlights include:

  1. TrustRadius Top Rated Awards for Talent Management Winner
  2. Women Impact Tech 100 Honoree
  3. Top 100 HR Tech Influencers Winner
  4. Inspiring Workplaces Enterprise Finalist
  5. HR Tech Awards Winner for Best Advance in Practical AI in Talent Development
  6. 6-time Telly Award Winner for Cornerstone Originals for excellence in Diversity & Inclusion, Workplace Culture, Sustainability, and Corporate Training

Q3 and beyond

With the news of our intention to acquire SumTotal, there’s no doubt we will see even greater opportunities to help a larger, more diverse group of customers in Q3. Stay tuned for more on that in the second half of 2022.

In the meantime, we’ll keep investing in our products, cross-functionality, and customer engagement to take our people experience, learning, and talent initiatives to the next level.

We don’t take all these accomplishments lightly, and we’re proud to say that we’re on a clear path to changing the game in learning, skills development, content, people experiences and so much more. Be sure to check back in Q3 to see the latest and greatest from Cornerstone!

Related Resources

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Learning Technologies 2022: key takeaways and learnings

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Learning Technologies 2022: key takeaways and learnings

Missed us at Learning Technologies 2022 this year? Here’s a roundup of our activities and sessions at the event. It was great to be back face to face, chatting all things learning and development. It was also the first opportunity to hear the findings from our latest Cornerstone People Research Lab Report, our enlightening global survey on everything skills development. These are some key findings from the Report: Employers and employees aren’t fully aligned on current skills focus. There continues to be a significant Skills Confidence gap between employers and employees when it comes to confidence in their organisation’s current ability to help them develop new skills. This gap not only persisted from 2020, but - on average - grew wider. Employees are not confident their companies are prioritising skills in the future. The research revealed that only 55% of employees are confident in their organisation’s future prioritisation of new skilling opportunities for them. The Skills Confidence Gap narrowed or widened depending on organisational strength. High-performing organisations (HPOs) had a much smaller gap between employees and employers. HPOs not only prioritised skill development at a much higher level than their peers, but their employees also agreed with them — with only an 11% gap between employer and employee perception. Meanwhile, Laggards (low-performing organisations) not only rated their prioritisation of skill development much lower, but less than 20% of employees in those organisations also agreed that skills development is an important objective — a 42% gap. Key Cornerstone executives such as Mark Debono, VP of UK, Ireland and the Middle East and Mark Lamswood, Regional Director of Content at Cornerstone as well as valued customers NSPCC, Essex County Council and DP DHL were all in attendance to share their industry insights and their own compelling stories. Here's a rundown on some of the sessions that were held: Mark Debono: Powering a future-ready workforce On the first day of Learning Technologies, Mark Debono, hosted a session unpacking some of the key messages from our Cornerstone Skills Report. Mark discussed how the playing field has fundamentally changed in the world of work, and the winners are the ones who can collaborate and engage with their workforce. Mark also delved into some of the most common challenges and opportunities facing every organisation including the skills shortage and shared actionable insights on how to efficiently scale your business’s growth and development plans. A key takeaway from the session Mark hosted, was that talent leaders hold the golden thread of connecting people with growth opportunities, bringing in new talent, alongside optimising future-readiness for all.  Mark Lamswood and Sarah Spence: Content takes centre stage - How the pandemic and great resignation are super-charging L&D Mark Lamswood and Sarah Spence, Senior Solution Consultant at Cornerstone together discussed how to engage employees and make work, learning and development meaningful for everyone. As we know, learning has changed for good: employees expect personalised, on-demand and impactful development approaches. These are some interesting stats and insights from the session: Interest in learning increased six-fold during the pandemic 4.63 million minutes of learning has been consumed in the UK over the last twelve months On average, interest in learning has tripled, with key topics ranging from unconscious bias, diversity, equity and inclusion to mental health and effective communication NSPCC: Re-imagining the learner experience to improve outcomes for children The session hosted by one of our customers, the NSPCC, was certainly interesting as they discussed how they’re using Cornerstone technology to reimagine the learner experience for Childline, improving outcomes for child wellbeing through learning and development. They elaborated on their approach of blended learning, improving digital accessibility, and making sure all learners can come together to share resources. NSPCC shared their journey of how they have successfully integrated the Cornerstone learning platform and their vision for 2031. It was a brilliant event that led to insightful discussions and informative sessions and indeed fostered a learning environment for all who attended. To read more on the Cornerstone Research Lab Report “Addressing the Global Skills Shortage: Your Path Through the Wilderness” please click here.

Cornerstone + SumTotal

Article

Cornerstone + SumTotal

Cornerstone Partners With Microsoft to Bring Learning into the Flow of Work

Blog Post

Cornerstone Partners With Microsoft to Bring Learning into the Flow of Work

Making time for learning during a busy workday is challenging. According to a recent survey, a majority of employees reported thattime is the biggest barrier to their development. But over the course of the pandemic, and even in the years before, we’ve seen how quickly business needs—and therefore, the needs for employee skills—change. Learning is more important than ever and needs to be delivered in new ways that drive accessibility and information retention. To help companies remain truly adaptable and nimble, they need to integrate learning into the flow of work. It’s why Cornerstone and Microsoft are partnering to make learning in the flow of work possible and support employees’ growing learning needs. Both of Cornerstone’s LMS platforms (Cornerstone Learning and Saba Cloud) will be integrated into Microsoft Viva—Microsoft’s new Employee Experience Platform (EXP)—to make it easy for employees to discover, share and engage with learning content without having to switch back and forth between solutions. "Cornerstone is bringing great value to organizations by integrating its solutions within Microsoft Teams, right where employees are working every day," said Kirk Koenigsbauer, COO, Experiences + Devices at Microsoft Corp. "The new Microsoft Viva empowers employees to make learning and development a natural and intuitive part of their daily work." How Cornerstone Powers Learning in the Flow of Work on the Microsoft Employee Experience Platform Powered by Microsoft 365 and experienced through Teams, Microsoft Viva seamlessly helps your organization build human connection, foster growth and wellbeing, and drive peak business performance. And now that experience encompasses learning, including the integration with Cornerstone. Incorporating learning opportunities from Cornerstone’s LMS offerings into Microsoft Viva Learning makes it easy not only to access learning, but also integrate it into the flow of work. Employees using Teams can seek out, share and/or assign learning content based on their current needs. For example, if an employee is struggling with their workload, a manager could engage in a real-time 1:1 conversation and based on that discussion, serve up training on time management or organization skills. This way, in addition to providing real-time coaching and feedback, the manager is also able to give their employee development resources in a timely and relevant manner. In another instance, an employee that’s familiar with HTML but hasn’t used the skill for a while might find a quick refresher course—rather than spending time and energy re-learning through trial-and-error. For more on the power of this partnership, watch this video announcing Microsoft Viva Learning Removing Barriers to Learning Cornerstone and Microsoft’s collaboration will help remove barriers to learning and empower organizations and their employees to grow and adapt for the future. Our learning solutions contain training to meet employee needs across on-demand learning, compliance and career development. Through this partnership and through Microsoft, employees will soon have the ability to access learning where they are, when they need it, to power stronger individual and company performance. As a leader and pioneer in learning, we’ve accumulated the largest pool of learning data and insights in the world over the course of our 20 years in business. We are thrilled to share that experience, expertise and passion with Teams and its users. Read the full announcement to learn more about Cornerstone’s partnership with Microsoft.

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