Santa Monica, California (PressExposure) October 05, 2011 -- Cornerstone OnDemand (NASDAQ: CSOD) today announced it will add a new recruiting solution to its comprehensive learning and talent management software suite. With anticipated general availability in early 2012, the Cornerstone Recruiting Cloud (patent pending) is being organically developed to support the modern ways that businesses source, recruit, hire and onboard new employees. The upcoming addition will make Cornerstone the only technology vendor to offer a complete, organically developed talent management software-as-a-service (SaaS) suite.
Despite high unemployment rates, Bersin & Associates' research shows that more than 50 percent of business leaders cite talent shortages as a key challenge, particularly as attention shifts from cost-cutting and retrenchment to globalization, innovation and business growth. Additionally, nearly half of those surveyed say they are experiencing difficulty filling key positions.1
"In today's war for talent, the quality of hire is paramount, requiring a more strategic and dynamic way of sourcing and selecting both external and internal candidates," said Adam Miller, president and CEO of Cornerstone OnDemand. "Most recruiting solutions on the market today were built for the way people recruited 10 years ago. Rather than retrofitting an outdated software system, Cornerstone's recruiting solution is being developed organically to leverage the social ways that people source and recruit today."
Older talent acquisition technologies were designed for recruiters, centered mostly on applicant tracking, mired in complicated processes and limited to external job candidates. They also tended to be disconnected from valuable data, such as internal candidates, role competencies or skills, stored in talent management systems.
Cornerstone client Green Dot Public Schools, which operates 18 charter high schools in Los Angeles, faces this challenge. The organization plans to implement the Recruiting Cloud as part of its integrated talent management strategy, which also includes Cornerstone technology solutions for learning management and performance management.
"Our previous recruiting tool, even with customizations, too often was painful for both candidates and our Human Capital team. Not only was it difficult to extract information, the tool itself was siloed from our HR system, which made for an inefficient onboarding process," said Kevin Keelen, vice president of employee solutions for Green Dot Public Schools.
Developed with both recruiters and the workforce in mind, the Cornerstone Recruiting Cloud is designed to be natively social and unified with the broader talent suite, moving beyond the limitations of older systems and making it easier for jobs to find candidates from outside and inside the organization. It also will seamlessly integrate with Cornerstone's comprehensive talent management suite, including the Cornerstone Performance Cloud, Cornerstone Learning Cloud and Cornerstone Extended Enterprise Cloud.
Anticipated features will enable:
Social Recruiting, for identifying candidates from internal and external networks, as well as fostering collaboration and exchange of feedback and comments among the internal candidate review team.
Talent Communities, allowing organizations and individual managers to more easily build bench strength and nurture talent pools, as well as foster ongoing candidate relationships - activity that is critical to creating talent continuity.
Onboarding to reduce new hire time-to-productivity, connect employees to the company's culture, and immediately align new hire activity and development with business goals.
Workforce Planning, for revealing the gaps in a company's current talent portfolio and planning for future workforce needs.
Cornerstone (booth no. 505) is providing a sneak preview of the Recruiting Cloud at this week's 2011 HR Technology Conference & Expo, October 3-4 at Mandalay Bay in Las Vegas.
For more information about Cornerstone OnDemand, visit http://www.cornerstoneondemand.com. To follow Cornerstone OnDemand on Twitter, go to http://twitter.com/cornerstoneinc. To read Cornerstone OnDemand's talent management blog, visit http://www.cornerstoneondemand.com/blog.