Cornerstone OnDemand is offering small businesses a free 14-day trial of its learning management system, PiiQ. The trial provides access to a library of some 1,500 courses covering subjects from compliance to technical and soft skills, the company said.
Cloud-based PiiQ is designed to help employers prioritize internal training and streamline their performance review process. It allows HR and managers to create goals, track performance and align an individual’s objectives to the company’s..@CornerstoneInc moves again to woo #SMB with free trial of PiiQ Learning. #HR #HRTech #Learning Click To Tweet
Launched in 2015, PiiQ has more than 60,000 users around the world. Cornerstone highlights the product’s interface and mobile capabilities which, in the company’s words, provide access to “relevant, binge-worthy training anywhere, anytime.”
In addition to the free trial, Cornerstone is offering a 15 percent discount on PiiQ subscriptions through May 31.
PiiQ’s pricing does seem to fall within the range many SMBs would consider. Learning subscriptions start at $15 each month per employee for organizations with 75 or fewer workers. Those same employers pay $23 per employee, per month for access to the product’s full suite. Cornerstone works out individual deals with larger companies.
Ongoing Pursuit of Small Business
The PiiQ free trial is another demonstration of Cornerstone’s ongoing interest in small businesses. In September, the company announced Cornerstone Frontline, a recruiting tool for store managers or other supervisors looking for customer-facing workers. At the same time, it acquired Workpop, a recruiting tool for smaller service companies. Frontline incorporates features of Cornerstone’s enterprise ATS with Workpop’s recruiting tools.
Last year, the company reported that nearly 90 percent of its customers said a culture of continuous learning was very important. Yet about 40 percent viewed their culture as “transactional and compliance-based.” That, they said, cam at the expense of helping workers develop new skills to prepare for changing roles and business needs.
In February, Cornerstone reported 2018 revenue of $538 million and subscription revenue of $473 million. Both figures outperformed the company’s guidance. The company posted an operating loss of about $8 million and a negative margin of 4.1 percent.
Still, analysts say Cornerstone is approaching a break-even point. According to Simply Wall St., they predict Cornerstone will show another loss in 2019, then turn a profit in 2020.
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Image: Cornerstone OnDemand