Insights on Corporate Talent, Learning, and HR Technology
The $330 billion corporate training market is enormous, fragmented, and complex. For years it was dominated by Learning Management Systems (LMS) and content providers, each pioneered in the early 2000s. These systems served well, but the needs of employees and organizations moved ahead.
Today companies want not only a place to find and administer learning, ... Read more»
The banking industry is hot again: interest rates are rising, people are spending money, and consumers want a more integrated, digital-first relationship with their provider. For consumer and commercial banks, however, the last decade has been traumatic. Everyone from Apple to Walmart to Google to Mastercard wants to take their business away. And new Buy ... Read more»
This week was the week of Cornerstone’s global user conference, entitled Limitless: Unlocking the Potential of your Workforce. And for the first time, users get to see what the new Cornerstone is all about.
Let me first say that I’ve been working with Cornerstone from the beginning, when the company was a scrappy LMS ... Read more»
We just released new research on Career Pathways, a bold corporate innovation that creates non-linear career paths for workers with any education. This approach, which has been pioneered by companies like Walmart, Amazon, Mercy BonSecours, and others, has the potential to transform jobs, companies, and the economy. (More details here.)
But first, ... Read more»
Last week Microsoft’s Work Trend Index discovered a profound problem at work: while 87% of employees believe they are highly productive, only 12% of CEOs agree.
This is a staggering finding. While employee work harder than ever, CEOs simply do not believe it.
Microsoft believes this is a symptom of hybrid work, but I ... Read more»
The corporate training industry is over $320 billion in size and growing in importance every day. Companies are struggling with employee retention, transformation, and challenges with hybrid work while technologies and industries change faster than ever. How can CEOs and CHROs keep up? The answer is very clear: build an enterprise capability in learning, capability ... Read more»
If anyone ever tells you it’s easy to build a startup software company, don’t listen to them. That’s the story of Degreed, one of the darlings of the corporate learning industry, now going through a rebirth as the market continues to change.
Let me tell you the story.
About a decade ago, three companies (Degreed, ... Read more»
We just completed two years of research on cloud-based HCM (human capital management) systems and the results are striking. Among the 35+ implementations we studied, the findings are now clear: these systems do much more than clean up IT systems: they transform the employee experience.
Just to be clear, the cloud as a computing ... Read more»
Today was a pretty iconic announcement: after decades of investment, Skillsoft decided to give up on the LMS market and sell SumTotal Systems to Cornerstone for $200 Million.
While I don’t have any details on the deal yet, this pretty much ends the innovative phase of the Learning Management Systems market, clearly marking a ... Read more»
Today was some big news. ServiceNow, the leader in enterprise workflow and employee experience platforms, announced the acquisition of Hitch, a small player in the massive market for skills technology and talent marketplace solutions. This puts ServiceNow in direct competition with Workday, Oracle, SAP, and a flurry of others, and opens up the big ... Read more»
The Creator Market has been unleashed, eating everything in its path. TikTok’s revenue jumped to $34 Billion last year and this year (2022) it could be more than twice this number. And TikTok, as a company, doesn’t build any content at all.
This new industry, the Creator Market, is responsible for the fastest-growing companies in ... Read more»
The corporate coaching market is on fire. Today more than $360 Billion is spent on all forms of corporate training (average company spends around $1,400 per employee per year) and you can add an additional $300-500 per year on coaching. The result is a massive market, one that might be over $450 Billion or ... Read more»
This week STRIVR Labs, a company I’ve been following for many years, received $35M of funding from Workday, Accenture, Bank of America, and others. While the total amount is not enormous, the message is now clear. The Virtual Reality wave (aka Metaverse) is real and investors don’t want to be left out.
Let me explain ... Read more»
Today Cornerstone made a big announcement: the acquisition of EdCast, one of the leaders and pioneers in Learning Experience Platforms.
While this may not be a huge deal financially, it will have a huge impact on the corporate learning market, setting off reverberations for years to come.
Background On The Space
Cornerstone is a ... Read more»
Today we’re introducing one of the most exciting projects I’ve worked on in my career: the Global Workforce Intelligence (GWI) Project. This is a massive initiative we started over the last year to understand the new jobs roles, skills, and career pathways in every major industry around the world.
It’s a big project, and ... Read more»
