Accenture (NYSE: ACN) and Workday, Inc. (NASDAQ: WDAY) today announced an expanded collaboration to help companies accelerate their adoption of skills-based talent strategies and help unlock greater agility and potential.
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Accenture and Workday, Inc. today announced an expanded collaboration to help companies accelerate their adoption of skills-based talent strategies and help unlock greater agility and potential. (Graphic: Business Wire)
As organizations across the globe adapt to changing business and workforce demands, there is a massive shift in how organizations approach talent with a growing focus on skills to enable greater business agility and performance. However, according to recent research from Accenture, CXOs cite skilling and developing the workforce as the top challenge hindering organizational growth in the next 12 months.
Leveraging Workday Skills Cloud, an open and interconnected AI skills intelligence foundation, Accenture and Workday are helping organizations understand the skills and proficiencies within their workforce, identify the skills needed for future growth, and uncover reskilling opportunities in the areas that will have the most meaningful business impact. The new offerings from Accenture, leveraging Workday Skills Cloud, help streamline the implementation of a skills-based talent strategy from years to weeks with a pre-built worker skills journey that consolidates skills analysis, insights, and actions.
“To enable the workforce of the future, companies need to begin to organize work around skills – where skills are the currency that enable people to learn new things, change roles, find projects, and grow their career,” said Penelope Prett, senior managing director and Workday Business Group lead at Accenture. “Many companies don’t know what skills they have, nor do they believe they have the data to figure it out. With Workday’s software and data and Accenture’s skills capability and services, we are helping organizations crack the code to becoming skills-driven.”
The new offerings include:
- Accenture’s skill proficiency calculator, built on Workday Extend, that leverages native and non-native Workday data and Workday Skills Cloud to help identify and validate the skills and associated skill proficiency of employees.
- An integrated skills accelerator that leverages Workday Learning, Workday Journeys, and Workday Prism and is preconfigured with Accenture talent transformation capabilities to support closing workforce skill gaps.
- Accenture consulting services to help organizations understand industry-relevant skills, sources of skills, and leading practices for skill transformation.
- An exclusive joint software and services bundle to facilitate a cohesive and agile customer adoption journey.
“Nearly 2,000 organizations use Workday Skills Cloud to inform decisions around talent and staffing,” said David Somers, group general manager, office of the chief human resource officer product, Workday. “This expansion is an exciting step in our ecosystem partnership with Accenture and the skills-focused solutions we’re offering. By combining data from Accenture’s skill proficiency calculator with the AI in Workday Skills Cloud, we’ll 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 was built and tested on its global, diverse workforce of more than 733,000 people. Accenture is using the solution to assess what skills its people have and conduct intelligent skills matching to help address business needs. These data-driven insights can inform Accenture’s practices across recruiting, talent marketplace, learning, and performance.
Workday is also committed to being an early adopter and is 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 that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with 733,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Accenture Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients succeed and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners, and communities. Visit us at www.accenture.com.
About Workday
Workday is a leading provider of enterprise cloud applications for finance and human resources, helping customers adapt and thrive in a changing world. Workday applications for financial management, human resources, planning, spend management, and analytics are built with artificial intelligence and machine learning at the core to help organizations around the world embrace the future of work. Workday is used by more than 10,000 organizations around the world and across industries – from medium-sized businesses to more than 50% of the Fortune 500. For more information about Workday, visit workday.com.
Forward-Looking Statements
This press release contains forward-looking statements including, among other things, statements regarding Workday’s plans, beliefs, and expectations. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to, risks described in our filings with the Securities and Exchange Commission (“SEC”), including our Form 10-Q for the fiscal quarter ended July 31, 2023, and other reports that we have and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.
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