![]() ![]() Any vendor that tells you they’re going to infer, index, and identify all the skills in your company is simply dreaming. Rather, this market is still immature and most vendors just don’t appreciate how complex the problem really is. This is not, by the way, because vendors aren’t trying. This information is used for almost every major decision: who to hire, how much to pay someone, who to promote, and more.īecause of it’s wide utility in business, almost every HR tech company claims to have such technology, but most of it doesn’t do as much as you would like. The biggest challenge today is what I call SkillsTech: corporate HR systems that try to figure out what skills you have, what skills you need, and how to find, build, and develop skills more quickly. As you’ve heard from me many times, the corporate training market is far too fragmented, there are too many startups, and most vendors are selling things that don’t work quite as well as they should. And it’s about time: not only is Cornerstone’s engineering team the largest corporate learning tech organization in the market, customers need a strong market leader. ![]() Now, as the new management team takes charge, Cornerstone is vying to become a technology leader at last. The company was never the “most innovative” learning technology company, but it has always been a fast-follower and one that executed well. Most of Cornerstone’s product releases were well positioned, competitive, and complemented with outstanding sales, marketing, and service. Long before Cornerstone went private (for $5.2 Billion in October of 2021), the company was a well aligned, talented, customer-focused company. So the company is global, scalable, and filled with passionate, hard-working engineers, product managers, sales, and marketing people. In the process of this growth Cornerstone has acquired EdCast, Saba, SumTotal, Halogen, Lumesse, Clustree, Grovo, and quite a few other small players. Not a bad run, considering how competitive this market can be. Over the last fifteen years the company has become the largest learning platform company in the world, with more than $1 Billion in revenue (almost 40% EBITDA), more than 7,000 customers, and over 100 million end users. Let me first say that I’ve been working with Cornerstone from the beginning, when the company was a scrappy LMS vendor founded by three hard-working entrepreneurs. And for the first time, users get to see what the new Cornerstone is all about. This week was the week of Cornerstone’s global user conference, entitled Limitless: Unlocking the Potential of your Workforce. Understanding Talent Intelligence: A Primer.The Big Reset Playbook: Organizational Culture and Performance.The Definitive Guide to Pay and Benefits.GWI Project Research: Consumer Packaging Goods Industry.Labor Market Insights: Consumer Banking.Talent, Recruiting, and Career Mobility.Corporate Learning, Training, Career Management.Employee Experience, Engagement, Hybrid Work. ![]()
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