Accenture and ETS Create a New Global Model for Talent Management Centered Around Skills-Based Job Readiness
November 18 2024 - 12:01AM
Business Wire
Accenture (NYSE: ACN) and ETS are collaborating to deliver a new
end-to-end talent management solution designed to empower the
future workforce while also enhancing the way organizations source,
manage, upskill, and grow talent. To address the growing global
skills gap, this new approach to skills training and assessing job
readiness will be designed to help people advance their careers by
expanding and enhancing their skill sets.
Through a global strategic initiative, Accenture and ETS plan to
introduce a consistent, reliable approach to measuring job skills
and matching workers with relevant work positions. This new model
for skills-based learning and assessment brings together the power
of ETS Solutions’ AI-enabled talent measurement solution—Futurenav™
and other ETS measurement and credentialing solutions—with
Accenture’s LearnVantage learning and skills development
platform.
The new end-to-end talent management solution will draw on the
expertise of ETS, a global leader in the measurement,
credentialing, and certification of skills and LearnVantage’s
comprehensive capabilities to drive talent reinvention. The
combined capabilities of Futurenav and LearnVantage will help
enable organizations to measure the durable and technical skills of
their current and future prospective employees, leveraging
actionable insights to grow in today's evolving AI-first economy
while achieving greater business value. The new offering will aim
to establish a global model for skills-focused, data-driven
employability -- backed by ETS’s trusted and securely administered
proctoring capabilities.
“Together with ETS, we’re seeking to introduce a new consistent,
reliable approach to assessing and mapping talent to roles so
people are better positioned to find employment and employers can
make more informed talent decisions,” said Kishore Durg, global
lead of Accenture LearnVantage. “This offering brings the potential
of AI-powered talent management, assessment, and learning to change
the way future global skills-based workforces are built.”
“Our collaboration with Accenture is about transforming the
talent ecosystem to change the perception about what it means to be
qualified for the jobs of today and tomorrow,” said Michelle Froah,
senior vice president of Corporate Solutions at ETS. “Together, we
are building a future where we recognize human potential and
empower people to realize their promise. Futurenav and LearnVantage
will serve as the core pillars of our solution offerings, using
AI-powered measurement expertise to map the skills and strengths of
today’s workforce – uncovering gaps and providing more equitable
access to opportunity."
According to research from the World Economic Forum, 50 percent
of today's global workforce needs to upskill or reskill to stay
relevant. This figure could reach 90 percent by the year 2030.
Failure to address this issue could result in a staggering global
GDP loss of up to $15 trillion by 2030. To this end, Accenture and
ETS will provide organizations with powerful learning, skills
measurement, and talent management tools and capabilities that
enhance their decision-making around:
- Emerging talent evaluation with data-backed
recommendations;
- Internal talent skilling and talent mobility;
- Efficient talent management and workforce planning; and
- Education and skills pathways.
LearnVantage, launched in March of this year, is changing the
way global firms, governments, and organizations of all sizes
approach their talent systems. It helps organizations to drive a
culture of learning by enabling their people to explore technology,
functional, and industry skills. Personalized learning pathways and
certifications prepare highly skilled talent to meet rising talent
demand for future growth and sustainable impact. LearnVantage’s
platform offering comes in response to large skill shortages in key
tech sectors, including cloud, data, artificial intelligence and
security.
About ETS
ETS is a global education and talent solutions organization
enabling lifelong learners to be future ready. We advance the
science of measurement to build the benchmarks for fair and valid
skill assessment. We are committed to powering human progress by
promoting skill proficiency, empowering upward mobility and
unlocking more opportunities for everyone, everywhere. Our
assessment products – including the TOEFL, TOEIC, GRE, and Praxis
Assessments – as well as our innovative solutions and subsidiaries
help 50 million people each year to clarify their strengths and
find opportunities for growth in education, work and beyond. We
continue to operate around the world, with offices in 25 locations
and operations in 200 countries and territories. www.ets.org
About Accenture
Accenture is a leading global professional services company that
helps the world’s leading organizations build their digital core,
optimize their operations, accelerate revenue growth and enhance
services—creating tangible value at speed and scale. We are a
talent- and innovation-led company with 774,000 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 and leadership in cloud, data and AI
with unmatched industry experience, functional expertise and global
delivery capability. Our broad range of services, solutions and
assets across Strategy & Consulting, Technology, Operations,
Industry X and Song, together with our culture of shared success
and commitment to creating 360° value, enable us to help our
clients reinvent 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
accenture.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241117173615/en/
Media:
Christian Harper Accenture christian.harper@accenture.com +1 516
434 8615
Kristen Mitchell ETS kmitchell002@ets.org +1 908 310 0306
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