PRODUCT DATASHEET L LEARNING
C CONNECT
P PERFORMANCE
S SUCCESSION
X EXTENDED ENTERPRISE
Cornerstone Performance ASSESS, ALIGN AND DEVELOP TO SUPPORT BOTTOM-LINE BUSINESS OBJECTIVES Top executives establish the strategic direction for your organization. They build operating plans to increase market share, reduce time-to-market, increase profits, and improve customer satisfaction. Unfortunately, there is often no link between upper management’s vision for the organization and the everyday employee performance management goals of your workforce. Use Cornerstone Performance to forge this important link – and much more.
CHALLENGES • What can we do to systematically identify our
top performers? • How can my organization automate
its existing performance review process? • There’s too much wasted, misdirected work. • • How can we align activity and business goals? • How can we build a competency-driven
approach to performance management?
FEATURES • • • • • •
Goal Alignment Performance Reviews Competency Assessments (360s, etc) Individual Development Plans Pay-for-Performance In-the-field Observation Checklists • Seamless integration with other Cornerstone platforms
BENEFITS • Align key performance processes with
organizational goals • Identify and track high-performing employees • Increase review quality and reduce
administration costs • Cascade goals for increased accountability • Software-as-a-Service (SaaS) means no
software to install or maintain
Cornerstone Performance helps identify and track high-performing employees, increase the quality of employee performance reviews and develop critical skills across your business. The platform is built around three core ideas:
1 The typical end-of-the-year performance review is not an effective measuring stick. With Cornerstone Performance, streamline appraisal and competency assessment and help your organization develop a culture of ongoing, interim performance measurement that can be tied to goals and development activities.
“Providing managers with easy access to new and existing data allows them to have better quality, forward-looking conversations with direct reports regarding their performance or professional goals. And, establishing a framework and workflow for performance reviews helps to ensure a coherent and credible approach across the company.” Sharon Bell Manchester Airport Group
2 Goal alignment ties employee behavior to business results. With Cornerstone Performance, align individual goals with departmental objectives and organizational strategy to ensure that daily activity is translated into tangible business results.
3 Performance measurement alone isn’t always enough. Because Cornerstone Performance is part of an integrated talent management suite, you have the option of going to the next level – that is, closing performance gaps with dynamically generated and highly targeted development plans. You can’t do this with separate or patched-together systems. Cornerstone Performance is part of the Cornerstone Integrated Talent Management Suite which is delivered as true multi-tenant Software-as-a-Service (SaaS).
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GOAL ALIGNMENT Cornerstone Performance brings you the most complete and easy-to-use goal management tools available, allowing you to align your organization and workforce to achieve business objectives. • Monitor individual performance relative to department or business-wide goals • Automate SMART goal tracking and reporting • Cascade goals down the organization • Drive accountability at all levels
PERFORMANCE REVIEWS Companies often find that performance reviews are stressful for both manager and employee - and once complete, reviews are filed and forgotten about until the next cycle. With Cornerstone Performance, break the dreaded annual review cycle and build a culture of ongoing, consistent performance measurement and feedback that actually matters. • Generate cumulative, interim, and ad hoc review forms • Ensure timely review completion through email reminders and graphical progress reporting • Create custom performance reviews with configurable workflows
COMPETENCY ASSESSMENTS Competencies live at the heart of performance and talent management, so it’s important to get it right. Cornerstone Performance allows you to easily identify competency and skill gaps within your organization through 360° and 180° reviews, and self-assessments. Load your own model or use of our pre-integrated content from industry leaders. • Assess strengths to be bolstered and weaknesses to be addressed • Dynamically generate individual development plans on the basis of results • Use our innovative Observation Checklist capability for in-the-field skill observation
Cornerstone OnDemand is a global provider of comprehensive learning and talent management software and services. Our solution is designed to help organizations empower their people and maximize the productivity of their workforce. To learn more, visit www.cornerstoneondemand.com.
COMPENSATION: PAY-FOR-PERFORMANCE As an optional module, include Cornerstone Compensation to link performance data to all types of compensation, creating the right kind of incentives for your employees to hit their goals. • Build compensation plans with cascading budgets • Allocate base, bonus, equity with defined guidelines • Generate highly graphical reports inline at every step (budgets, company ratios, etc.)
DEVELOPMENT PLANNING Cornerstone Performance can automate individual development planning to improve workforce performance and retention – and to forge an important link between performance assessment and learning. • Track development plan progress when integrated with Cornerstone Learning • Recommend training and objectives based on competency assessments • Track progress of planned, free-form, on-the-job and external training
