Accenture and Workday Collaborate to Help Organizations Move to a Skills-Based Approach to Succeed in the Future of Work (2024)

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 fromAccenture, CXOs cite skilling and developing the workforce as the top challenge hindering organizational growth in the next 12 months.

Accenture and Workday Collaborate to Help Organizations Move to a Skills-Based Approach to Succeed in the Future of Work (1)

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 circ*mstances 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 circ*mstances, 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.

Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available.

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Contacts:

Hannah Unkefer
Accenture
+1 206 839 2172
hannah.m.unkefer@accenture.com

Workday
media@workday.com

Copyright © 2023 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.

© 2023 Workday, Inc. All rights reserved. Workday and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders.

Accenture and Workday Collaborate to Help Organizations Move to a Skills-Based Approach to Succeed in the Future of Work (2024)

FAQs

What is Workday accenture? ›

Accenture is a partner in the Industry Accelerator program. Workday recognizes Accenture as a leader of industry-specific deployments with leading practice expertise and industry persona solutions to accelerate a customer's time to value and has proven success in supporting digital transformation.

What is Workday skills cloud? ›

Workday Skills Cloud is embedded with machine learning that empowers you to understand the skills and capabilities of your entire workforce. Create better people strategies and meet your organization's needs by upskilling, reskilling, redeploying, and hiring new talent with ease.

Does Accenture own Workday? ›

Accenture Completes Acquisition of Workday, Salesforce and U.S. MuleSoft Practices of Sierra-Cedar.

What is the future growth of Workday? ›

Workday lays out growth plans through fiscal 2027: Here are the takeaways. Workday said it is aiming to deliver annual subscription revenue growth of 17% to 19% over the next three years with a plan that revolves around expanding its enterprise wallet share, winning midmarket companies and international expansion.

What is Workday used for? ›

Workday is a cloud-based software program for human resources (HR) designed to simplify workforce management. You may use its products to handle payroll, scheduling, employee onboarding, time tracking, learning, talent management, and performance evaluations.

Is Workday a good tool? ›

Our Verdict on Workday

Workday is a powerful tool that helps organizations manage nearly every aspect of their workforce, including time tracking, compensation, talent and reporting. Best for medium-to-large-sized businesses, it streamlines workforce management under one tool.

What is the Workday learning strategy? ›

Workday Learning combines professional development, peer learning, and required training into a single intuitive application, so workers can engage in learning like never before. Engage workers with a contemporary learning experience.

What is Workday and what do they do? ›

Workday is a human resource (HR) and financial management (financials) system built for large businesses to use in the cloud. It's a one-stop shop for managing a company's workforce, including payroll, timesheets, benefits, and more.

What does a Workday associate do? ›

The Associate Manager will perform responsibilities as both a People Manager and Workday project lead. In partnership with other leadership. As a project lead you primarily responsible for ensuring timely and quality execution of client deliverables and consulting with clients on Workday projects.

What does Workday consultant do? ›

Workday Functional Consultants are essential in managing and keeping track of the data that makes up the system. This involves overseeing data transfer from the current platform to Workday and ensuring it is accurate and in line with the new system's architecture.

Is Workday an HR platform? ›

Only Workday unites finance and HR on one platform where AI and continuous innovation are built into the core. It's how we help customers empower their people, make fast, confident decisions, and drive flawless operations to move business forever forward. Best-in-class applications for finance, HR, and more.

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