If our Q1 2022 trends are any indication, there's a rising demand at organizations for strategies and technologies that connect skills, learning, people experience and organizational agility.
We think that's because people want their organization to invest in their skill growth and many organizations heard them and are evolving to meet these needs.
Here are a few of the milestones we hit this quarter:
- Accelerated online learning content adoption
- Customer-driven enhancements to our product portfolio
- Expansive industry recognition for product leadership and customer satisfaction
- Pending strategic acquisition of EdCast to accelerate a shared vision for reimagining people's growth experiences at work
- New efforts to support and train humanitarian aid workers in Ukraine via the Cornerstone OnDemand Foundation
Learning content consumption has accelerated all quarter
As the year kicked off, we saw a double-digit year-over-year increase in learning content consumption and increased time spent on learning across our 75M-strong global customer base.
Most of these learners took advantage of Cornerstone Content Anytime (CCA) because of its engaging content. We saw learners build new skills, better themselves and work to minimize bias and maximize inclusivity.
Top 3 CCA categories
- Remote work
- Mental health and wellness
- Unconscious bias
But that wasn't the only content we saw learners really engaging with this quarter. The award-winning content produced by Cornerstone Originals was a hit with nearly every demographic.
A new season of the original series DNA entitled DNA: Sustainability all about creating a sustainable workplace was a certified hit, as was our exclusive partnership with genre-defining podcast Masters of Scale — a podcast all about how to think boldly and differently about the world.
We also released free learning content on Cornerstone Cares to support self-care and building resilience in times of crisis.
But it wasn't just in the office/home office that created an incredible impact in organizations. In response to world events, the Cornerstone OnDemand Foundation teamed up with its partners in Ukraine, including International Medical Corps, Mercy Corps and The KonTerra Group, to provide free, essential training in localized languages for humanitarian aid workers.
And all of that was just in Q1! This next quarter has a lot to live up to if it plans to do even more. And it will because our plans are already in motion to have an even better Q2. That's how companies work!
Product enhancements and adoption drive customer ROI and growth
Not to be outdone by all our new offerings, the Cornerstone products you know all got better this quarter too.
Every product received customer-driven enhancements that ensured our products worked for our customers and not the other way around. Those enhancements included but weren't limited to:
- Boosted skill innovations
- Improved people experience
- Expanded reporting capabilities
- Deepened insights for talent leaders
- Enhanced employees' skills, growth, performance and engagement
Even though we're the ones telling you all of this, you don't have to just take Cornerstone's word on how much our product enhancements help organizations in Q1. Cornerstone customers value employee development and experience at the center of their people strategies, so they extended our relationship or became new customers in Q1. Legacy customers like:
- The Bozzuto Group
- Saint Gobain
- Grupo Security SA
- Sandals Resorts
- Grupo Softtek
- Banco de Credito e Inversiones.
And new customers like:
- Kelly-Moore Paint Company, Inc.
- OSF Healthcare
- NorthWestern Energy
- London Borough of Haringey, Husqvarna
All these organizations are focused on improving themselves by improving their people.
"At Bozzuto, we're passionate about empowering our people to learn and grow with us starting from the first day they join our team," said Steven Fretwell, vice president of learning and leadership at Bozzuto. "Like many organizations over the past couple of years, we went through an important shift to ensure our people felt supported. Cornerstone helped us create a sense of belonging for new team members, and we are excited about expanding our partnership with Cornerstone. We look forward to implementing more innovations to drive exceptional employee experience for our people."
These organizations are not only making wise choices to ensure the success of their people but also themselves.
According to an independent study we commissioned from Forrester to study the Total Economic Impact™ of our learning and content, our customers saw a 543% return on investment when they chose us.
We don't just stand out for customers but in our industry too
This whole article has been one long Q1 Cornerstone brag, so why stop now?
In Q1, we received significant recognition for the out product leadership, customer satisfaction and approach to building a learning and growth culture. Industry research from Fosway, Forrester, and Constellation Research highlights our product and market leadership, including:
- Recognized as a Strategic Leader in the Fosway 9-Grid™ for Learning Systems 2022 for the 10th consecutive year
- Named a Leader in The Forrester Wave™: Learning Management Systems and Experience Platforms, Q4 2021 report
- Constellation Research Shortlist for Talent Management Suites
- Trust Radius Best of Talent Management Products
- G2 Top Enterprise Products for 2022
And we're not just focused on helping you better your organization; we work hard on our too. In its report of the 100 Best Large Companies To Work For In LA, Built In recognized Cornerstone for its leadership in talent management and the company's prioritization of helping employees fulfill their career potential.
Q2 and beyond
With our recent announcement to acquire the learning and talent experience leader EdCast, we're accelerating our vision for the people growth experience. We'll have actual details for how we'll do that and create new value for you when the transaction closes, sometime in the second quarter of 2022.
Renowned industry analyst Josh Bersin sees a positive market impact from the combination: "Cornerstone has outperformed its competitors for years, largely through its culture of customer-centricity, market savvy, and tenacity. EdCast did the same. Once these management teams come together, I see nothing but growth in the future."
And that's not the only big thing on the horizon at Cornerstone. It's just the only one we can talk about right now. Come back in Q2 for even more innovations and excellence from Cornerstone!
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