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 in 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.

Does Accenture own Workday? ›

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

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.

What is Workday and why is it important? ›

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 is the future growth of Workday? ›

Going into 2024 and beyond, Workday will continue to invest in research and development with plans focused on driving innovation. Specifically, Workday's R&D developments will grow efficiently and take advantage of AI, leveraging the Workday platform and the broader ecosystem.

What company owns Workday? ›

Headquartered in Pleasanton, Calif., Workday was founded in 2005 by Dave Duffield and Aneel Bhusri, former executives at PeopleSoft, an enterprise resource planning (ERP) software vendor later acquired by Oracle. Workday is a pioneer in software-as-a-service business applications.

What is the salary of Accenture Workday integrations consultant? ›

The estimated total pay range for a Workday Consultant at Accenture is $103K–$152K per year, which includes base salary and additional pay.

What company did Accenture split from? ›

It was known as Andersen Consulting, and when they split from Arthur Andersen, they adopted Accenture as a name. That split took place in 1989. Prior to that, it was a part of Arthur Andersen itself, at least if Wikipedia is to be believed. "Big 4" used to refer to accounting firms.

Is Workday a good tool? ›

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 kind of tool is Workday? ›

Workday (NYSE: WDAY) provides unified finance, human resources and student/faculty lifecycle management cloud applications designed for the way people work in today's organisations.

What is the new feature of Workday? ›

Workday 2024 R1 update include many new features such as allowing users to opt in for redesigned Hire Employee user interface. Many improvements in the hire business process have been enabled to configure workflows and approvals for creating or editing a job profile.

What is the Workday tool used for? ›

What Is Workday Used For? Workday offers a comprehensive solution for medium- to large-sized businesses, particularly those with many locations, helping them manage payroll, benefits, HR and employee data. Workday software is used by over 9,500 customers, and that includes Fortune 500 companies.

What is a Workday role? ›

In Workday there are standard security roles across the University. A security role determines what a user can see and do in Workday and provides individuals with access to business processes and data within their supervisory organization.

What are Workday tasks? ›

"Tasks" are items that require action from you. You must take an action—such as approve, submit, or send back—to clear a task alert. Tasks are found in the My Tasks menu. A number indicating pending tasks is shown on the My Tasks icon, located at the top right corner of the Workday home screen.

What is Workday used for payroll? ›

Workday Payroll provides complete control over your payroll processes, data, and costs. Eliminate the pain points found in traditional systems with intuitive payroll set-up and management tools. Control over process: Control how gross-to-net is calculated for different types of payroll runs.

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