Upskilling, reskilling of workforce top-most priority for India HR
However, Cornerstone’s 2022 Global Skills Report 2022 reveals only 55% of employees say they have confidence in their organization’s skill development opportunities.
DELHI, India 4 October 2022 – Cornerstone OnDemand, Inc. a leader in adaptive HR solutions announces India as one of its strategic high-growth markets. With the recent acquisitions of EdCast and SumTotal, Cornerstone’s combination of learning and talent SaaS platforms is poised to help organizations drive greater people growth and business success, in line with our vision to bring organizations and their people together and empower them to achieve extraordinary things at work.
With the coming together of Cornerstone, EdCast and SumTotal, the company is committed to providing its 7000+ global customers and over 90 million users access to innovative learning and talent solutions powered by AI and ML, providing organizations with more power to build and strengthen their learning and talent management programs and develop and engage their workforce on a path of continuous growth and skill building.
While India is on track to becoming a USD 5 trillion economy by 2026, all organisations need to have the ability to rapidly reskill and upskill the workforce to adapt to the changing business needs. This is the number one priority for HR leaders in India. Commenting on the opportunity in India, Cornerstone CEO, Himanshu Palsule said, “India is a strategic and high-growth market for us. We see a great need and opportunity to partner with the government, academia, associations and enterprises, in preparing a future-ready workforce. We are already working on several transformative nationwide skilling programs with the Government of India and have partnered with leading marquee customers across industries, including some of the largest private banks, conglomerates and top IT and ITES companies In India”.
Rapid digital transformation has disrupted businesses across sectors and has only widened the already existing skills gap, globally, and India is no different. Cornerstone’s 2022 Global Skills Report 2022 reveals only 55% of employees say they have confidence in their organization’s skill development opportunities. There is a clear increase in the expectations from the HR & L&D community in the role in preparing organizations for the future of work. With a seat at the C-suite table, L&D is in the strategic driver’s seat and has the opportunity to create a multi-faceted and agile modern learning ecosystem, propagate a culture of continuous learning, build a more equitable workplace and leverage the power of technology.
The coming together of the three industry HR software leaders is a significant development in the talent experience space. The combined strength and scale of Cornerstone will ensure that best- in-class learning & people development experience meets growth centric, AI powered talent tools to deliver the outcomes that matter most to businesses. The platform will enable organizations of all sizes to create a scalable learning infrastructure, extend the impact of talent technology investments, and deliver personalized growth for employees that spans learning, skill development, content, and career mobility.