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The ROI of the right skills strategy
The global skills gap persists—and new research from the Cornerstone People Research Lab revealed a growing Skills Confidence Gap as well. The latter tells us that employers are largely confident in their ability to support skill development, but the enthusiasm isn’t shared by their employees. Both gaps represent serious threats to an organization’s future readiness.
But there is an exception. Some organizations show a much smaller Skills Confidence Gap—and they provide a template for skills development and investment. They’re already driving real growth and value with their unique approach to L&D technology, talent initiatives, learning content, and more.
To really dig into that bottom-line impact of learning and content, we commissioned Forrester Consulting to conduct a Total Economic ImpactTM study to analyze the savings and benefits enabled by Cornerstone solutions. The study found that a composite organization, based on interviewed customers, experienced a 543% ROI over three years, making significant gains in efficiency, consistency, and compliance.
In this conversation, Mike Bollinger, VP of Strategic Initiatives at Cornerstone, is joined by guests Katy Tynan, Principal Analyst at Forrester, and Amy Harrison, Sr. Consultant - Total Economic Impact at Forrester, to discuss the ROI of skill development and how to meet the most critical skills challenges facing HR and learning leaders today.
What you will learn:
- Where customers report deriving the most value from Cornerstone learning and content
- How to use headcount more efficiently and improve cost savings
- How to build employee confidence and close critical skill gaps
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What are the risks of employee compliance violations?
Corporate scandals, highly publicized lawsuits, fines totaling millions of dollars — these typically aren't scenarios you want associated with your company name. Today, employee compliance is one of the most essential parts of business, yet only 40 percent of companies say they are thoroughly prepared for a compliance audit. To keep out of hot water and uphold employee compliance standards, businesses must adhere to internal policies and procedures and federal and state laws.
