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This Week on HR Labs: Exploring New Capitalism in the Wake of Covid-19

Cornerstone Editors

Cornerstone is proud to bring you Season 2 of HR Labs, a podcast about learning hosted by our very own Chief Marketing and Strategy Officer Heidi Spirgi. This season, we’re exploring the importance of learning and development as businesses shift their priorities from shareholders to stakeholders—particularly in light of the COVID-19 pandemic. Find it on Apple Podcasts and everywhere else you listen to podcasts.

Back in 2019, a group of nearly 200 CEOs made a promise: Moving forward, they would make business decisions in the best interests of their stakeholders—rather than their shareholders. And they’re far from alone. Many others have made similar statements about a move toward this stakeholder-first approach in a growing trend known as ’new capitalism.’

Then, the pandemic hit. Businesses faced—and are continuing to face—the impact of sweeping shutdowns and a crushing economic downturn. It’s the first pressure test of companies’ ability to prioritize stakeholders—to put people before profits.

In episode 1 of this season, we’ll look at the origins of this stakeholder-first approach, and how the pandemic has impacted it so far. Through a conversation with Kelly Monahan of Accenture Research, we’ll hear how companies are showing early signs of sticking to these initial promises, and her research-based advice for leading during times of crisis. We’ll also hear from Cornerstone’s Mike Bollinger about what role learning is playing in the new normal and why it's so important to focus on a forward looking view.

Enjoy this episode of HR Labs below.

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Nurturing Workers’ Adaptability Quotient Will Differentiate Businesses Post-COVID

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Nurturing Workers’ Adaptability Quotient Will Differentiate Businesses Post-COVID

COVID-19 caused a seismic shift in every corner of life, including how employees work. Within days, companies were forced to shift to remote work and many completely shook up their business models to adhere to stay-at-home restrictions and other regulations. The challenge was and remains colossal. But weathering the storm of the pandemic is just one part of ensuring business success. As other forces—including the rise of automation technology and the evolving expectations of the incoming Gen Z workforce—continue to put pressure on how organizations work, businesses will have to become more nimble than ever. In an op-ed for Human Resource Executive, Chief Strategy and Marketing Officer at Cornerstone OnDemand Heidi Spirgi discusses how to create a more agile workforce and business by emphasizing and nurturing employees’ adaptability quotient, a measure of resilience and flexibility. Read more here.

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3 Steps to Building Organizational Adaptability and Resilience During the Pandemic

In working with more than 6,300 organizations in a wide variety of industries across 20 years, Cornerstone has partnered with countless clients that are navigating organizational change. Weve found that during troublesome times there are three constants that emerge time and time again: First, while crises are difficult and traumatizing, they can also bring out the best in people. Over the course of the past year, weve all witnessed extraordinary acts of compassion, creativity, and selflessness. Second, and on a practical note, organizations who are (or learn to be!) agile, flexible, and innovative during disruption have a better chance of surviving this and any other crisis. Third, organizations that keep an eye on the future while still effectively managing the crisis at hand come out stronger and more successful than those who only plan for immediate needs. And that, in a nutshell, is the purpose of this eBook: To help you and your organization not only navigate todays challenges but to plan for the future by continuing to motivate, engage, and inspire your employees and stakeholders. Within this eBook, youll find practical actions to take today to navigate the ongoing COVID-19 pandemic to provide stability for your employees. Just as importantly, these steps will also ensure youre ready to survive and thrive in whatever may come.

How Cornerstone Can Help Your Organization Thrive in the COVID-Era and Beyond

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How Cornerstone Can Help Your Organization Thrive in the COVID-Era and Beyond

Our customer success team shares how you can leverage your Cornerstone investment to tackle critical activities in these evolving times.

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