HR PRACTICE, EMPLOYEE BENEFITS

BBVA Collaborates with Cornerstone to Implement Innovative Learning Strategies for Employees

BBVA and Cornerstone | September 12, 2022 | Read time : 03:38 min

BBVA Collaborates with Cornerstone to Implement Innovative Learning
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, 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."

- José María Monge, BBVA's global Head of Talent Solutions and Head of Talent and Culture South America

Some of BBVA's most successful projects to date include:

B-token Model
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, says Marc Altimiras, AVP Cornerstone South.

About BBVA
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.

About Cornerstone
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.

Spotlight

The role of HR in an Agile world is to facilitate and improve organizational Agility and increase talent motivation. This implies: effectively changing the HR’s mission and role to the more coaching and serving role of talent-specialists.

Spotlight

The role of HR in an Agile world is to facilitate and improve organizational Agility and increase talent motivation. This implies: effectively changing the HR’s mission and role to the more coaching and serving role of talent-specialists.

Related News

TALENT ACQUISITION,RECRUITMENT & RETENTION

Jobma and Verified First announce an Integration Partnership streamlining the hiring process

Jobma and Verified First | December 19, 2022

Through this integration, Jobma users can request a background check for candidates without ever leaving the Jobma dashboard. This will simplify a user’s workflow and allow them to hire candidates faster while having all the relevant information about a candidate in one place. The integration will be available to all Jobma users from today onwards. Jobma One Way Video interviews are a key hiring tool used by HR teams across the globe to effectively screen candidates. And Verified First Background checks help organizations to improve the quality of hires. Together this integration and partnership will enable Hiring teams to create a higher quality, end to end hiring process. “Jobma’s core philosophy has always been to help our users make better hiring decisions. And our integration and partnership with Verified First will help our users further improve the quality of candidates they hire. We are thrilled to partner with an industry leading background verification tool like Verified First and we look forward to seeing what our users can accomplish with this integration.” -Krishan Kant, Managing Partner of Jobma Verified First is excited to partner with Jobma, Their ability to provide organizations with a streamlined recruiting and hiring experience makes this partnership a great match. Our team is looking forward to the future of this partnership,said Verified First's CEO, Devon Dickinson. About Jobma Jobma is a multiple award winning digital interviewing platform designed to save HR teams time and money when screening and hiring employees. Jobma's innovative use of pre-recorded & live video interviews, audio interviews and digital assessments gives employers the capability to drastically improve their quality of hire. Jobma currently works with over 1000 clients in 50 countries, 14 different languages, and growing, their goal is to democratize access to HR technology by offering affordable rates at a global scale. Jobma is headquartered in Minneapolis, Minnesota. About Verified First Verified First is known for raising the bar on streamlined background screening solutions backed by the best client support and for developing the easiest, fastest HR system connections. Our client support team is U.S.-based, and answers calls in seconds, consistently resulting in positive testimonials and 98% client satisfaction. With a dedicated client support team, a user-friendly browser extension, and unbeatable turnaround times, Verified First puts you first. Awards include HRO Today Baker’s Dozen, HRO Today iTalent, Inc. Deloitte Technology Fast 500, Inc. 500.

Read More

HR ANALYTICS,HR STRATEGY

HR Company Deel Completes PayGroup Acquisition

Deel | November 22, 2022

Deel has completed its $AU 121M acquisition of APAC-based payroll and HCM company PayGroup Limited. PayGroup is now part of Deel, a private San Francisco-based payroll company, and has been delisted from the Australian Stock Exchange. Initiated in July 2022, the acquisition’s completion makes Deel a true leader in the global payroll and human capital management (HCM) space. It furthers Deel’s mission of helping millions of people work for the best companies in the world. PayGroup has a strong presence in countries like Australia, New Zealand, India, Philippines, Singapore, Malaysia and Japan, processing roughly $AU 12 billion in payroll per year for over 3,000 businesses. The company has been steadily growing this year, targeting an annual recurring revenue of $AU 39 million, and is EBITDA positive. PayGroup’s HCM and in-house payroll software provide solutions for enterprise clients spanning many industries, from staffing and workforce management companies, to retail and franchise clients like Nike and Subway. Its unique positioning in APAC has allowed the company to develop strong partnerships with some of the best global payroll companies in the world to power their platforms. Acquiring PayGroup means Deel has an even more powerful multichannel strategy for implementing its platform and technology - both directly and indirectly - to customers and partners. Deel and PayGroup have been actively working on their integration, and today, with payroll coverage in 90+ countries, Deel and PayGroup now offer an unmatched solution on the market. They expect to announce a new merged version of their software solution in H1 2023, which will combine PayGroup’s 15+ years of expertise delivering HR and payroll software solutions with Deel’s simple, customer-centric platform. All of PayGroup’s team members have joined Deel. “Together, we are building the first truly global solution in the payroll and HCM industry, giving businesses around the world the ability to hire, pay, and manage the best talent, no matter where they’re located. The completion of the acquisition scales our payroll and HCM expertise, expands our customer base in the region, and reinforces our leadership in the global payroll space.” -Deel co-founder and CFO Philippe Bouaziz About Deel Deel helps companies hire anyone, anywhere through its global payroll and compliance platform. Companies can hire, manage, and pay independent workers and full-time employees in more than 150 countries, in a few minutes, compliantly.

Read More

HR PRACTICE,HR STRATEGY

Global HR Research and JobDiva Announce Strategic Partnership to Meet Time-to-Talent Needs

JobDiva and GHRR | November 16, 2022

Global HR Research (GHRR), a leader in employment screening technology and services, has announced a strategic partnership with JobDiva, a global leader in recruiting software supporting talent acquisition, talent management and applicant-tracking technology. The strategically planned integration of GHRR's advanced background-screening solution and JobDiva's AI-powered SaaS solution can more effectively deliver the staffing and recruitment industry's critical time-to-talent needs. Better together, this integrated partnership creates a perfect end-to-end, seamless solution to manage staffing and employment screening in a single platform. "Our joint solution harnesses the power of JobDiva's synchronization with all major job boards and VMS providers and GHRR's advanced proprietary employment-screening platform, Clairiti, Staffing and recruitment teams, as well as candidates, will benefit from flexible, intuitive, and robust technology that streamlines workflows and increases candidate engagement. Our combined customers will experience upgraded features and functionality enhancements with little to no downtime because of the GHRR integration." -Brandon Phillips, GHRR founder and chief revenue officer The combined cloud-based platforms include full mobile capabilities to support a candidate's need to enter data only once without any limitations on the type of device they can use. Speed-to-hire relies heavily on the speed of the background-screening technology. With even more workflow efficiency, recruitment and staffing end users will now be able to monitor the employment-screening process in near real time and be assured that the screening process is being expedited. Our integration with GHRR delivers great value for our clients, JobDiva clients will now be better equipped to compete in today's job market: with reduced turnaround times, they can efficiently and accurately screen hundreds of candidates to identify and assess the best candidates for the jobs,said Tony Bosco, JobDiva vice president and chief alliance officer. About GHRR Better by every measure. Global HR Research (GHRR.com) has earned the trust of Fortune's Top 50, Forbes's Largest Private Companies, and Inc's Top 5000 companies across the U.S. by leveraging its proprietary employment-screening platform, Clairiti, and a team of expert consultants. That trust has been consistently recognized and awarded for over a decade by the industry's most influential associations and news publications, including HRO Today magazine's "Bakers Dozen" list of top national background-screening providers and Workforce magazine's "Hot List" of top background screening providers for the past nine years. And GHRR is accredited by the Professional Background Screening Association (PBSA), as recognized by the Background Screening Credentialing Council (BSCC) and by SHRM as an accredited educational resource. Its advanced proprietary platform gives its customers a set of employment-screening, compliance and risk management solutions and a comprehensive set of tools that help them make better hiring decisions faster. These distinctions have consistently made GHRR a better alternative for its customers. In short, GHRR provides better data intelligence, better technology, and better teams. About JobDiva JobDiva is the global leader in talent acquisition, talent management and applicant tracking technology delivered as an AI-powered SaaS solution to the staffing and recruiting industry. A powerful cloud solution, JobDiva combines CRM synchronization with all major job boards and VMS providers, BI analytics, a mobile app, and the largest resume database in the world to deliver staffing solutions with unmatched speed and precision. JobDiva offers more patent-protected features than any other solution on the market.

Read More