CSOD Cornerstone Ondemand Inc.

The Cornerstone OnDemand Foundation Announces WorkforceReady to Help Prepare Underrepresented Job Seekers for Today’s Careers

The , a nonprofit organization formed by learning and human capital management software provider (NASDAQ: CSOD), has announced a new partnership with the . The Center, a division of the L.A. Area Chamber of Commerce non-profit organization, is dedicated to connecting underserved talent to opportunity through entrepreneurship and workforce development. Working with the Cornerstone OnDemand Foundation, Bixel Exchange will pilot WorkforceReady, a free online learning program designed to help job seekers build the foundational skills required to be successful in today’s work environment.

According to the World Economic Forum’s “human” skills like collaboration, initiative and critical thinking are becoming increasingly important in the modern workforce. But many of today’s job seekers aren’t receiving training for the non-technical skills that are necessary to both find and keep a job. Skills including job interview preparation, networking, communication, collaboration and critical thinking are particularly lacking in workers who have been disconnected from the workforce or who are entering the job market for the first time.

WorkforceReady will help bridge the learning gap of the new workforce. This program will offer short, online courses for students to develop these essential non-technical skills. The program leverages Cornerstone’s 20 years of expertise in learning technology and people development and will help participants across industries become job-ready.

In collaboration with Bixel Exchange, WorkforceReady will launch a pilot program this summer with students participating in Bixel Exchange’s L.A. Tech Talent Pipeline program. The L.A. Tech Talent Pipeline, a partnership with L.A. Mayor Eric Garcetti, connects low-income, diverse students to careers in the technology and creative economy sectors. WorkforceReady will provide free, online courses designed to ensure these students are prepared for opportunities with Bixel Exchange’s participating companies. Last year, more than 4,500 students engaged with tech companies through work-based learning facilitated by Bixel Exchange.

This partnership with the Cornerstone OnDemand Foundation will ensure the students entering the program will have the requisite skills to transition and contribute to their new workplace. The Cornerstone OnDemand Foundation plans to add more organizations to the pilot program in the coming months.

The Cornerstone OnDemand Foundation offers several programs similar to WorkforceReady, including DisasterReady and NonprofitReady, that enable organizations to provide training and learning opportunities to their employees and the communities they serve. To date, the Cornerstone Foundation has served more than 300,000 nonprofit professionals, and that number increases every day.

Comments on the News

“One of the most successful ways to place someone in a job and increase job retention is through the full spectrum of professional training,” says Julie Brandt, executive director, the Cornerstone OnDemand Foundation. “We’re excited about the opportunity for WorkforceReady to make this training accessible to a wider audience.”

“Talent is equally distributed. Opportunity is not. Our mission is to connect talent to opportunity,” said Sean Arian, president and co-founder of Bixel Exchange. “WorkforceReady will allow us to better prepare students for the dynamic job market, and ultimately create more career pathways for students in the LA area.”

Additional Resources

  • To learn more about the Cornerstone OnDemand Foundation, visit .
  • To learn more about Bixel Exchange, visit , and to learn more about the L.A. Tech Talent Pipeline, visit .

About Bixel Exchange

Talent is equally distributed. Opportunity is not. The Bixel Exchange Center for Innovation & Technology connects underserved talent to opportunity to ensure a thriving and inclusive Los Angeles tech ecosystem. A division of the L.A. Area Chamber of Commerce, the Center creates tech career pathways for diverse youth and empowers diverse entrepreneurs through its core programs, the L.A. Tech Talent Pipeline and Startup Launch Incubator. The L.A. Tech Talent Pipeline Program facilitates opportunities for youth at our local community colleges, high schools and community organizations to enter career pathways in IT Support, Software Development, Design, Digital Marketing and other high-demand high-growth tech and creative economy career pathways. The L.A. Tech Talent Pipeline Program is a partnership with Mayor Eric Garcetti, the City of LA's and LA County workforce system, 60+ tech companies, 19 community colleges, 30 high schools, and over 25 opportunity youth-serving organizations. Historically, the L.A. Tech Talent Pipeline has served over 15,000 youth and young adults through program efforts, placing 250 youth in paid tech internships with a 40% part-time to full-time job conversion rate. Since its inception, the program has worked with many flagship Los Angeles tech companies, such as Snap Inc., Boingo Wireless, Headspace, Riot Games, Tastemade, and Hulu.

About the Cornerstone OnDemand Foundation

The Cornerstone OnDemand Foundation transforms the way people help people. By providing Cornerstone OnDemand’s talent management technology and capacity-building programs to the nonprofit sector, the Foundation helps organizations around the world better develop, engage and empower their employees and the people they serve. The Foundation focuses its efforts in the areas of education, workforce development and disaster relief. Since its founding, the Foundation has forged strategic partnerships with many leading nonprofits, such as Americares, Save the Children, Teach for America, Team Rubicon, and YearUp.

EN
28/05/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Cornerstone Ondemand Inc.

CORNERSTONE ONDEMAND sees an upgrade to Slightly Positive due to a bet...

The general evaluation of CORNERSTONE ONDEMAND (US), a company active in the Software industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date June 4, 2021, the closing price was USD ...

 PRESS RELEASE

Cornerstone Hosts a Free Day of Learning to Help Leaders and their Peo...

SANTA MONICA, Calif.--(BUSINESS WIRE)-- (NASDAQ: CSOD), a global leader in people development solutions, today announced an effort to give back to the community by hosting the , a free, virtual opportunity for organizations and their people to get valuable, timely insights and information that will help drive much-needed skill development and agility at work. The event will be held on May 12 from 9 a.m. to 1:30 p.m. PDT and will focus on the pivotal role learning content plays in preparing people, and their organizations, for any future and through new-skilling efforts. Recent reveal a sign...

 PRESS RELEASE

Cornerstone Completes Repricing of Term Loan B Facility

SANTA MONICA, Calif.--(BUSINESS WIRE)-- (NASDAQ: CSOD), a global leader in people development solutions, today announced it has successfully completed a repricing of its senior secured term loan facility (the “Term Loan B”). Prior to the repricing, the Term Loan B had an outstanding value of $850 million (the original principal value was $1,005 million) and was repriced to bear interest at LIBOR plus 3.25% with a LIBOR floor of 0%, which represents a 100 basis point reduction compared to the prior interest rate of LIBOR plus 4.25% with a LIBOR floor of 0%. All other material terms of the Ter...

 PRESS RELEASE

Cornerstone Nominates Sara Martinez Tucker to Its Board of Directors

SANTA MONICA, Calif.--(BUSINESS WIRE)-- (NASDAQ: CSOD), a global leader in people development solutions, today announced the nomination of Sara Martinez Tucker for election to the Cornerstone Board of Directors at the company’s annual meeting of stockholders to be held on June 8, 2021. Tucker brings more than 30 years of extensive leadership experience in technology, science, education, and government. This press release features multimedia. View the full release here: Sara Martinez Tucker (Photo: Business Wire) "We are truly honored to welcome Sara Martinez Tucker to the Cornerstone board," ...

 PRESS RELEASE

Cornerstone Sets Date to Announce First Quarter 2021 Results

SANTA MONICA, Calif.--(BUSINESS WIRE)-- (NASDAQ: CSOD), a global leader in people development solutions, announced today that the company’s financial results for the first quarter of 2021 will be released after market close on Thursday, May 6, 2021. Cornerstone will host a conference call to discuss the results at 2 p.m. PT (5 p.m. ET) on the same day. Dial-in information for the call and a live webcast will be available on the of Cornerstone’s investor relations website. An audio replay will be available for three days following the conclusion of the call (between 8 p.m. PT on May 6 and 11...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch