Adam Miller, Founder & Co-Chair
Today, the Global Corporate Learning Management System Market is experiencing strong growth due to the increasing trend of remote working, BYOD and enterprise mobility, and the growing emphasis on continuous learning and continuous innovation in e-learning tools. That said, corporate Learning Management Systems (LMS) enables enterprises to organise, track and manage efforts to train employees, customers, and other external partners. By creating individualised training programs for onboarding, development, and compliance training purposes, companies will enable employees or external end-users, develop skill-sets and have an in-depth understanding of their products and services. These highly personalised and customisable courses are created using built-in tools in the LMS or a separate course authoring software. By acting as a centralised repository of learning content for both employees and administrators, Corporate Learning Management Systems (LMS) enable companies to deliver content for employee development or customer training more efficiently and cost-effectively. However, organisations’ low motivation and engagement may hamper the market growth and act as a hindrance that can hinder the adoption of the corporate LMS.
Nevertheless, the Cloud-based deployment model LMS is becoming significantly
prominent among businesses through which companies across the globe can train their employees despite their geographical location. This, in turn, is anticipated to drive the implementation of corporate LMS. Cornerstone OnDemand helps organisations recruit, train, and manage their employees. The company has worked with hundreds of the world’s largest companies, from Walgreens and Starwood Hotels & Resorts to Deutsche Post DHL and Western Union and thousands of others, to engage their workforces, empowering their workforce. Cornerstone OnDemand’s proprietary computer software impacts every aspect of the employee experience, allowing them to make their best work even better and ultimately translating it into desired business outcomes. The proprietary computer software solutions are used by over 75+ million people in over 180 countries and 50 languages. Also, Cornerstone OnDemand’s software easily integrates with any other technology platforms. Users can conveniently access the software anytime, anywhere, and on any device. This helps organisations keep track of employee performance and ensure readiness for new roles at any given moment.
Optimising Learning Through Collaborative Technology
Cornerstone OnDemand’s robust learning management systems allow enterprises to deliver instructor-led training, virtual learning, exams, certifications, and compliance content all in one place. Users can gain insights with robust reporting and analytics to connect learning initiatives and business outcomes with reports beyond registration and completions.
The company’s solutions portfolio ensures employees are onboarded most efficiently and effectively possible
Not only does it allow trainers to track learning satisfaction, knowledge retention, and skills gaps of employees, but it also helps them quickly build interactive, mobile-optimised content customised for their company from scratch or by using any of the easy-to-use templates in its Grovo Create Tool. With a seamless, intuitive administrator experience, admins will save time and decrease repetitive manual tasks to focus on core business objectives.
Furthermore, companies can build a culture of continuous coaching and feedback between managers and employees by providing clear development plans that are personalised based on employees’ unique interests and skill set. From annual to off-cycle performance reviews, customise appraisals as needed to reflect on past accomplishments and improve future results by setting up frequent check-in conversations to ensure alignment that will track the progress of their goals.
Guidance, Transparency, Agility, and Customer-centricity
The COVID- 19 pandemic has posed a significant challenge to the organisations by redefining workspaces as offices shut-down overnight, and most of the employees work remotely. With the traditional learning methods confined within the office premises’ walls now obsolete, organisations must develop new processes to ensure the continuity of learning as the ongoing situation demands new learning processes to minimise human touch-points and maintain social-distancing for business continuity. This increasing shift will lead to the adoption of cloud-based LMS services. Cloud-based LMS services significantly reduce operational costs. They do not require servers to install the services and help small and mid-size companies lack skilled staff and expertise in managing operations. Furthermore, cloud-based services ensure hassle-free system upgrades and maintenance, enabling companies to stay ahead of the continuously changing market dynamics.
Cornerstone started with a simple but bold idea to improve access to education globally through online learning back in 1999. Driven by a conviction to make its clients successful, Cornerstone OnDemand was the first to deliver HCM products to the cloud. The company continues to anticipate, conceptualise and create new products and features that consistently set the bar for the industry. With more than 6,300 global clients of all sizes and in all sectors, Cornerstone OnDemand works with over 75 million people in nearly 50 different languages every day. The company boasts a 95 per cent retention rate, which was earned through active listening to clients requirements. Rooted in learning for the past 20 years, Cornerstone OnDemand has seen and done it all. No matter the organisation’s industry or size, the company deploys the right experts in place to implement the right HCM solution for any challenge. In the past twenty years, Cornerstone OnDemand has come a long way, but the company’s heritage of focusing on the importance of learning has remained a constant. The Cornerstone Unified Talent Management suite addresses critical talent needs to help businesses find suitable candidates for suitable roles. Since its inception, the company’s solutions portfolio ensures employees are onboarded most efficiently and effectively possible.