Cornerstone OnDemand Unveils the Recruiting Cloud, the Next Generation of Social Recruiting and Sourcing
The upcoming addition of a new recruiting solution will make Cornerstone the only vendor to offer a complete, organically developed talent management SaaS suite
SANTA MONICA, Calif. – October 3, 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 Rather than retrofitting an outdated software system, Cornerstone’s recruiting solution is being developed organically to leverage the social ways that people source and recruit today.”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 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.
About Cornerstone OnDemand
Cornerstone OnDemand is a leading global provider of a comprehensive learning and talent management SaaS suite. We enable organizations to meet the challenges they face in empowering their people and maximizing the productivity of their human capital. Our integrated software offering consists of four cloud solutions, including the Cornerstone Recruiting Cloud*, the Cornerstone Performance Cloud, the Cornerstone Learning Cloud and the Cornerstone Extended Enterprise Cloud. Our clients use our solution to source and recruit top talent, develop employees throughout their careers, engage all employees effectively, improve business execution, cultivate future leaders and integrate with their external networks of customers, vendors and distributors. We currently empower more than 6 million users across 176 countries and in 28 languages.
P: +1 (310) 752-0178
Cornerstone® and Cornerstone OnDemand® are registered trademarks of Cornerstone OnDemand Inc.
1. Bersin & Associates, “Global Growth Creates a New War for Talent,” March 2011.
*Anticipated availability in early 2012