Workforce management and analytics solutions help HR organizations make fact-based decisions about their employee-related investments. In this harsh economic condition, the analytic insight enables companies to react immediately to changing business strategies and adopt a more proactive approach to optimize their workforce strategies
To help organizations achieve this efficiency, Cornerstone OnDemand, a provider of cloud-based workforce management software, announced partnership with Visier, a provider of enterprise workforce analytics solutions.
Under the terms of the partnership, Visier will deliver its enterprise workforce analytics solutions to Cornerstone customers.
Visier delivers a cloud-based, pre-built solution that combines the sophistication of predictive capabilities with the ease-of-use of consumer applications.
By combining Cornerstone’s comprehensive talent management suite with Visier Workforce Analytics, Cornerstone enables its clients to gain greater insight into critical workforce metrics, such as turnover, retention and employee productivity. The predictive analytics helps organizations understand why people are leaving, how to source more top talent or who is likely to leave next.
“Talent management is changing rapidly, and the demand to proactively measure talent initiatives across recruiting, performance and learning functions has never been greater,” said David Somers, vice president of alliances and strategy for Cornerstone OnDemand, in a statement.
“Visier has leapfrogged the workforce planning and analytics market with its modern cloud-based architecture, interactive and visual user experience, and expertise in big data,” Somers added. “Aligning their premier solution with the Cornerstone suite will help our clients gain greater access to the fundamental HR and business data they need to make critical decisions about their workforce.”
By partnering with Cornerstone, Visier is accelerating time-to-value for organizations with a cloud-based HR solution that is rapid to deploy, scalable, easy to manage and cost-effective to operate, says John Schwarz, founder and CEO of Visier.
“Our relationship with Cornerstone combines Visier’s powerful, intuitive and interactive workforce analytics solution that introduces deep and predictive insight into core workforce dynamics, with Cornerstone’s talent management suite,” Schwarz added. “Together, we help companies to attract and retain top talent, improve workforce performance and operational efficiencies, reduce costs, and align workforce strategies with business strategies.”
According to a recent report, sixty-four percent of companies that have an employee recognition program say their employees are rewarded according to job performance versus just 36 percent of organizations who do not have a recognition program in place.