CORPORATE LEARNING SYSTEMS
Cornerstone OnDemand | September 08, 2022
Cornerstone OnDemand, Inc., a global leader in adaptive HR solutions, announced today that BBVA, a leading financial institution, is leveraging Cornerstone’s tools to develop and enhance its employee growth strategies and manage various talent areas, including recruitment, assessment, learning and mobility. More than a decade ago, BBVA began a digital transformation process that has accelerated in recent years as a result of the pandemic. The new jobs and competencies needed to ensure a successful business transformation represent a significant challenge, requiring an agile response from a talent development perspective. BBVA understood that one of the keys to adaptation was to accelerate and modernize its learning strategy for its workforce. This led the organization to create several innovative talent projects, each with the goal of giving its employees the most accessible and personalized learning and development tools. "Employees are the backbone of every great company," says José María Monge, BBVA's global Head of Talent Solutions and Head of Talent and Culture South America. “Therefore, investing in their learning and development has become a priority. Cornerstone has allowed us to create an ecosystem of interconnected tools that help us find, retain and train the best talent in our organization in a more agile way, as well as adapt to our current needs."
Some of BBVA's most successful projects to date include:
This initiative uses gamification to make the online learning platform experience more rewarding, interactive and entertaining. Increased learning platform activity as a result of this innovative approach, while encouraging employees to continue to participate in training and development activities. Managed through Cornerstone's e-commerce solution, each course has an associated number of B-tokens, which are awarded to employees upon completion of the training. The more they increase their B-tokens balance, the more access they receive to additional advanced training, including a master's degree. Understanding that a company's know-how often resides with individuals, employees can also earn B-tokens by teaching specific skills to their own colleagues. The B-token model encourages more experienced employees to share their knowledge with other colleagues promoting knowledge sharing and boosting expertise at a Group-wide level. "B-token have enabled our employees to access any training content of interest to them, whether online, virtual or face-to-face. In addition, it has great advantages for the bank as it allows us to promote those actions linked to our strategy, incentivising learning and creating a culture of growth and development," says José María Monge.
“The Camp" Project
The Camp is an initiative created by BBVA and accessed through Cornerstone. It has been designed to accelerate the "reskilling and upskilling" of employees. After identifying 14 core capabilities, BBVA designed training journeys with three levels of specialization. To promote the completion of these journeys, it developed internal gamification through the creation of The Camp. The game consists of a camp where each training journey becomes an expedition and each employee is a hiker, a beginner mountaineer or an advanced mountaineer, depending on how they progress in their expedition. The Camp gamification is accessed through the Cornerstone platform, as both tools are connected. Performance feedback and assessment Evaluating ongoing performance of BBVA employees is a continuous process that culminates in an annual evaluation with a 360-degree view. It incorporates performance feedback from managers, peers, collaborators, as well as colleagues from other areas that the employee may have worked in. BBVA integrated Cornerstone’s evaluation solution with Google Cloud to maximize efficiency in data consolidation process and results analysis, also supporting calibration workflows and customized growth and development plans.
“At Cornerstone, our greatest satisfaction comes when our clients take our solutions and create innovative strategies to nurture talent,BBVA has shown great initiative and creativity, adapting our tools to the specific learning and performance needs of its employees. We look forward to continuing to expand our partnership and helping BBVA grow,"
Marc Altimiras, AVP Cornerstone South
BBVA is a customer-centric global financial services group founded in 1857. The Group has a strong leadership position in the Spanish market, is the largest financial institution in Mexico and it has leading franchises in South America. It is also the leading shareholder in Turkey’s Garanti BBVA and has an important investment, transactional and capital markets banking business in the U.S. Its purpose is to bring the age of opportunities to everyone, based on our customers’ real needs: provide the best solutions, helping them make the best financial decisions, through an easy and convenient experience. The institution rests in solid values: Customer comes first, we think big and we are one team. Its responsible banking model aspires to achieve a more inclusive and sustainable society.
Cornerstone powers the future-ready workforce with adaptive HR solutions designed to unite technology, data and content and inspire a work environment of growth, agility and success for all. With an experimental, AI-powered, skills-based system designed for the contemporary workforce, we help organizations modernize their learning and development experience, deliver the content that matters most from anywhere, accelerate talent and career mobility, and establish skills as the universal language of growth and success across their enterprise. Cornerstone serves more than 7,000 clients and 90 million users and is available in 180 countries and 50 languages.
ENTREPRENEURS AND LEADERS
Genius Group Limited | July 05, 2022
Genius Group Limited , a world-leading entrepreneur Edtech and education group, today announced that Zacks Small-Cap Research , a division of Zacks Investment Research and a leading equity research firm, has initiated coverage of GNS at a valuation of $18.40, above the recent $9-10 trading range. 2022 revenue is estimated at USD 34.3 million, a 268% increase over 2021, and looking ahead, expects GNS to generate positive earnings by the 3rd quarter of 2023.
Brad Sorensen, CFA, Senior Equity Research Analyst with Zacks/SCR, states that GNS is on a mission to change the way people experience online education by making it more about the student. Through technology, vision, and a unique approach, he feels that Genius is bringing AI-involved learning to the masses. He views GNS as having a great management team and a solid balance sheet, believes the aggressiveness GNS has shown in expanding its offering is encouraging and sees the integration of acquisitions as vital to the company’s success. In an effort to expand its offerings and broaden its portfolio, particularly in the U.S., GNS acquired four companies to give GNS a total of eight companies under its umbrella and a roster of offerings that can reach people at virtually any stage of life.
Sorensen recognizes that the size of the potential market is enormous, with one estimate of $10 trillion in 2030, as the interest in virtual learning has undoubtedly increased as a result of the remote lives many people have been forced to live over the last couple of years. He points out that GNS may be doing things in a different way that might be able to connect in a more effective way with students, both adults and children, who have had a lack of success with some of the other existing providers. From his point of view, GNS appears to be offering a different way of learning, one that engages students by learning what they love and teaching them in that way.
Normally, with a company such as GNS, Sorensen would often look to comparable companies for valuation metrics. But, acknowledging market conditions as of late and that he views Genius as a unique company, he elected to use the discounted cash flow method to come up with what he believes is a fair, and fairly conservative, valuation for GNS. The two biggest risks to his investment thesis are the successful integration of the four new companies and the timing of the U.S. rollout.
About Genius Group Limited
Genius Group is a Singapore-based Edtech and education company engaged in providing educational services in over 200 countries. It aims to develop an alternative lifelong learning curriculum and make its educational products accessible worldwide to all age groups.
About Zacks Small-Cap Research
Zacks/SCR prepares company-sponsored, independent research and related content for distribution through a multitude of investor and media channels, both traditional and social. Zacks/SCR delivers broad awareness among investors worldwide, creates deep understanding of the company and generates significant interest in investment. Zacks/SCR advantages are the quality of its analysts, the depth of its research and the breadth of its distribution.
Pearson | July 01, 2022
The British Campus is already a partner of NCUK (Northern Consortium the United Kingdom), one of the largest international qualification providers that have been in operation for three years. Despite the pandemic's constraints, it has grown to become Africa's largest center.
A new partnership with Pearson, the world's leading learning company, was officially signed today through Education Tech. The collaboration aims to create new opportunities in education, such as the implementation of the English language using Artificial Intelligence and access to advanced English training for all, whether children, adults, or working professionals. Whatever their requirements, a tailored solution for learning English will be available, and these programs will be available 7 days a week and 24 hours a day.
Commenting on the partnership/this development, Mr. Lotfi Ghazi, Founder and General Manager- Education Tech said: "We want to broaden the horizons of learners and to ensure that none of them is forgotten, we are implementing all the tools that technology offers to education. The teacher remains at the heart of learning and, these solutions will give a chance to all those who wish to learn without constraints".
"We are always looking to build strong partnerships in new markets to help us expand our English Language Learning offerings to learners across the globe. Algeria has made significant strides in education in the past 60 years. Pearson's partnership with Education Tech will be vital in this endeavour as our Versant English Placement Test and online English digital solutions will improve learners' English-language proficiency in both the public and private sectors. The collaboration will benefit both the organizations as we embark on this journey to bolster the quality of Algeria's higher education system and position the nation as a premier knowledge hub."
Guy Elders, Director - Middle East, English Language Learning, Pearson