|
Media
Centre
PRESS INFORMATION ISSUED ON BEHALF OF:
Cornerstone OnDemand
28, rue de Londres, 75009 Paris, France
Tel: 00 33 01 78 42 40 17
and
24 Greville Street, London, EC1N 8SS, UK
Tel: 00 44 (0)20 3008 4356
and
35a Maximilianstrasse, 80539 Munich, Germany
Tel: 0049 (0) 89 742 99 711
Web:
www.cornerstoneondemand.com
9th April 2008
Cornerstone OnDemand co-sponsors Aberdeen Group's groundbreaking
report on 'onboarding strategies'
Cornerstone OnDemand, the provider of on-demand, integrated learning
and talent management (ITM) software and services, has joined other
major players in the human capital management (HCM) world, including
SAP and SkillSoft, in co-sponsoring a groundbreaking report on 'onboarding'
- or, as it is known in the UK, induction.
The report - 'All Aboard: Effective Onboarding Strategies & Techniques'
- by technology research firm, Aberdeen Group, examines how global
enterprises are implementing induction strategies, as well as the
processes and solutions to improve performance in critical new employee
metrics, including new hire retention, time-to-productivity, employment
brand and completion rates of induction-related tasks. In addition, the
report recommends actions that companies can take to improve the
effectiveness of their induction strategies.
The Aberdeen Group report is drawn from a survey of 794 responses and
provides a roadmap for organisations seeking to achieve superior
performance through 'best-in-class' use of induction with regards to
strategy, capabilities and technology.
The report, authored by Aberdeen Group Research Director, Human Capital
Management, Kevin Martin, characterises the organisational approaches
used by companies that are the most successful in induction, and
includes the role technology plays in that success.
"The need to retain new hires and quickly enable them to perform
productively in their new capacity and environment has never been more
pressing. This need is forcing organisations to look beyond traditional
new hire orientation programmes and towards formalised induction
strategies."
The report found that while 86% of the organisations surveyed agree
that it takes up to six months for a new employee to make a firm
decision to stay with the company, some 61% of all organisations either
don't offer a formal induction programme or end their induction
programme within one month. The study also found that best-in-class
organisations with respect to induction are more likely to:
-
Begin induction before the start date of employment.
-
Ensure the induction process is at least six months for select
stakeholder groups.
-
Extend induction to all new employees, including those coming from
mergers and acquisitions as well as those who have accepted internal
job transfers.
-
Make 'socialisation' into the organisation's culture a key focus of the
induction process.
Furthermore, the report sheds light on the usage of technology to
achieve best-in-class performance in new hire retention and
productivity. Jayson Saba, Research Associate at Aberdeen's Human
Capital Management practice, commented: "More than two thirds of the
best-in-class are automating all or parts of their induction process,
compared with 45% of other organisations."
A long-time proponent of the importance of effective induction
programmes, Cornerstone recently launched Cornerstone Onboarding, a
solution that is part of its ITM platform for employee learning,
compliance, performance, compensation, succession and analytics.
"Organisations invest substantial resources to find and acquire the
right talent," explained Vincent Belliveau, General Manager EMEA,
Cornerstone OnDemand.
"To attract, develop and retain high potential talent in the companies
of tomorrow, a strong induction programme is a pre-requisite to
empowering and engaging a new employee, but it doesn't end there.
Strategic induction is required throughout an employee's career as they
change roles and their careers develop."
"We specialise in helping organisations reduce time-to-competency,
increase performance and retention, as well as reduce administration by
breaking down the organisational barriers between training,
performance, succession planning and compensation," Belliveau added.
"Induction goes beyond routine orientation to become a critical
component of any integrated talent management strategy," said Adam
Miller, President and CEO of Cornerstone OnDemand. "We are pleased to
sponsor such an insightful report from Aberdeen Group that highlights
how technology solutions such as those from Cornerstone can help in
automating induction processes for heightened employee engagement."
For a free copy of the Aberdeen Group report, courtesy of Cornerstone
OnDemand, visit:
www.cornerstoneondemand.com/landing/onboardinginduction-inOnboarding-lsPress-ca7010000000050yv.ashx.
End
Notes for editors
About Aberdeen Group, a Harte-Hanks Company
Aberdeen is a leading provider of fact-based research and market
intelligence that delivers demonstrable results. Having benchmarked
more than 30,000 companies in the past two years, Aberdeen is uniquely
positioned to educate users to action: driving market awareness,
creating demand, enabling sales, and delivering meaningful
return-on-investment analysis. As the trusted advisor to the global
technology markets, corporations turn to AberdeenTM for insights that
drive decisions. For additional information, visit Aberdeen
www.aberdeen.com or call 00 1 (617) 723-7890, or to learn more about
Harte-Hanks, call 00 1 (800) 456-9748 or visit
www.harte-hanks.com
About Cornerstone OnDemand, Inc.
Cornerstone OnDemand helps organisations to empower their people and
optimise workforce productivity with a comprehensive suite of
integrated talent management solutions for learning, compliance,
performance, compensation and succession management, as well as robust
reporting and analytics. Cornerstone also provides over 30,000
pre-integrated training titles. The Company’s multi-tenant, multi-user
software-as-a-service (SaaS) architecture provides customers with rapid
deployments, minimal IT costs, greater flexibility, proven reliability
and a lower total cost of ownership. Cornerstone’s triple-digit growth
has been supported by a market-leading customer retention rate. Leading
enterprises such as Aon, Barnes & Noble, DIRECTV, Honda, Pitney Bowes
and Smith Barney count on Cornerstone to help them achieve
organisational excellence and competitive advantage.
For more information, visit
www.cornerstoneondemand.com
Further information from:
Sinead Reynolds-Berti, Cornerstone OnDemand, 00 33 6 28 33 55 66;
sberti@cornerstoneondemand.com
Bob Little, Bob Little Press & PR, 00 44 (0) 1727 860405;
www.boblittlepr.com
|