Upskilling, Reskilling Of Workforce Priority For HR: Report
Cornerstone’s 2022 Global Skills Report 2022 reveals that while skilling is highest priority for India HR, only 55 per cent of employees say they have confidence in their organisation's skill development opportunities
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Cornerstone OnDemand, an adaptive HR solutions provider, 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 (Software as a Service) platforms is poised to help organisations 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 their global customers access to innovative learning and talent solutions powered by AI (Artificial Intelligence) and ML (Machine Learning), 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 $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.
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 per cent of employees say they have confidence in their organisation's skill development opportunities. There is a clear increase in the expectations from the HR & L&D community in the role in preparing organisations 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.
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