Accenture and Workday Join Forces to Propel Skills-Based Work
Developing A Skills Based Approach To Talent Management
Accenture (NYSE: ACN) and Workday, Inc. (NASDAQ: WDAY) have announced an extended collaboration aimed at assisting companies in accelerating the adoption of skills-based talent strategies, unlocking greater agility, and tapping into unrealized potential.
In response to the evolving demands of businesses and workforces worldwide, there is a significant shift towards a skills-centric approach to talent management. According to recent research from Accenture, CXOs identify skilling and workforce development as the top challenge hindering organizational growth in the next 12 months.
Harnessing Workday Skills Cloud for Agile Skill Management
Leveraging the capabilities of Workday Skills Cloud, an open and interconnected AI skills intelligence foundation, Accenture and Workday are facilitating organizations in understanding the skills within their workforce, identifying skills needed for future growth, and uncovering reskilling opportunities with meaningful business impact. The new offerings from Accenture, utilizing Workday Skills Cloud, aim to streamline the implementation of a skills-based talent strategy, condensing the timeline from years to weeks with a pre-built worker skills journey that consolidates skills analysis, insights, and actions.
Penelope Prett, Senior Managing Director and Workday Business Group lead at Accenture, emphasized the importance of organizing work around skills, making them the currency for learning, role changes, project assignments, and career growth. The collaboration between Workday’s software and data and Accenture’s skills capability and services aims to assist organizations in becoming skills-driven.
The new offerings include:
- Accenture’s Skill Proficiency Calculator:
- Built on Workday Extend, it leverages native and non-native Workday data and Workday Skills Cloud to identify and validate the skills and associated skill proficiency of employees.
- Integrated Skills Accelerator:
- Leveraging Workday Learning, Workday Journeys, and Workday Prism, preconfigured with Accenture talent transformation capabilities to support closing workforce skill gaps.
- Consulting Services:
- Accenture offers consulting services to help organizations understand industry-relevant skills, sources of skills, and leading practices for skill transformation.
- Exclusive Joint Software and Services Bundle:
- Facilitating a cohesive and agile customer adoption journey.
David Somers, Group General Manager, Office of the Chief Human Resource Officer Product, Workday, stated that this expansion is a significant step in the ecosystem partnership with Accenture, combining data from Accenture’s skill proficiency calculator with the AI in Workday Skills Cloud to help customers upskill and prepare their people for the future of work.
As part of Accenture’s journey to become a skills-driven organization, the skill proficiency calculator underwent testing on its global, diverse workforce of more than 733,000 people. Accenture is leveraging the solution to assess the skills of its workforce and conduct intelligent skills matching to address business needs. Workday is committed to being an early adopter, currently prototyping the Accenture solution in conjunction with Workday Skills Cloud to support Workday’s skills-based talent strategies and the evolving needs of the business.
About Accenture:
Accenture is a leading global professional services company with 733,000 people serving clients in over 120 countries. Visit us at www.accenture.com.
About Workday:
Workday is a leading provider of enterprise cloud applications for finance and human resources, used by more than 10,000 organizations globally. For more information, visit workday.com.
