Cornerstone is acquiring Saba, a learning management system, to further invest in its learning offerings and gain reach in the market. With this acquisition, the organization intends to accelerate product development.
It will do this through:
Both the CEO of Cornerstone, Adam Miller, and the CEO of Saba, Phil Saunders, point out the alignment between the two organizations in terms of a shared vision and goal of developing people.
Source: Cornerstone at SoftwareReviews
According to Josh Bersin, this decision has a variety of positive implications, such as:
Cornerstone is heavily investing in the LMS space, based on its two recent acquisitions, Clustree and Saba. Despite having multiple HR suites, it seems that Cornerstone is focusing on its LMS offerings in order to become the leader in this area.
Cornerstone’s decision to further develop its LMS suite aligns with tech talent trends. Within organizations, there is strong interest to build out internal training programs, specifically in the tech industry, as stated in the Info-Tech 2020 IT Talent Trend Report. Employees continually need to upskill due to the changing nature of work. This is forcing organizations to make learning and development a priority, and it may be why HR technology organizations such as Cornerstone are focusing on LMS.
The impact of COVID-19, as it became a global pandemic in Q1 of 2020, has affected user sentiment toward software during a growing period of fear, uncertainty, and doubt. To analyze the impact, SoftwareReviews compared Satisfaction (willingness to recommend to a peer), ability to deliver Business Value (fair cost to value), and Likeliness to Renew prior to March 10 and post March 10.
Configuring online learning can take time and resources not all organizations have, especially during the COVID-19 pandemic. D2L is assisting with this through a Quick Start Care Package to help organizations rapidly transition to online learning.
What is changing in the HR technology space as a result of COVID-19? Some organizations are seeing an uptick in interest and customer support, while others are providing free access to their product.
An enterprise application selection or implementation has most likely been heavily impacted by COVID-19. Do not hit the brakes; stopping and restarting projects increases the risk of failure. Slow down or speed up? Which is the right strategy for your organization?
Business continuity during COVID-19 will mean leveraging online technologies for all departments, including human resources. IT departments can assist in recruiting efforts by ensuring virtual interviewing technologies are in place and supported.
Culture Amp has enabled a new feature to increase employee confidentiality. With this launch, administrators can no longer identify participants indirectly.
On February 21, Kronos Incorporated and Ultimate Software announced the merger of the two entities. Both entities’ controlling stockholder is the private equity firm Hellman & Friedman. The merger was approved by both boards and is expected to be completed by the end of March.
Cornerstone acquires Clustree to incorporate AI into its learning solutions. As a result, Cornerstone’s Learning Suite displays deep knowledge of employee skills, which can inform promotions or job changes, areas for learning, and recruiting decisions.
Hellman & Friedman LLC (H&F), the controlling shareholder of both Kronos Incorporated and Ultimate Software, will merge the two entities to create one of the world’s largest HCM cloud companies.