Accenture and ETS Partner to Revolutionize Global Talent Management with AI-Powered Skills-Based Approach

Accenture and ETS Join Forces to Transform Talent Management

In a groundbreaking collaboration, Accenture (NYSE: ACN) and ETS have announced a partnership to develop a new end-to-end talent management solution aimed at revolutionizing the way organizations source, manage, upskill, and grow talent 1

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. This initiative comes in response to the growing global skills gap and seeks to empower the future workforce by expanding and enhancing their skill sets.

AI-Powered Skills Assessment and Job Matching

The cornerstone of this new approach is the integration of ETS Solutions' AI-enabled talent measurement solution, Futurenav™, with Accenture's LearnVantage learning and skills development platform 2

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. This combination aims to introduce a consistent and reliable method for measuring job skills and matching workers with relevant positions.

Kishore Durg, global lead of Accenture LearnVantage, emphasized the potential of this collaboration: "This offering brings the potential of AI-powered talent management, assessment, and learning to change the way future global skills-based workforces are built" 3

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Addressing the Global Skills Gap

The urgency of this initiative is underscored by research from the World Economic Forum, which suggests that 50% of today's global workforce needs to upskill or reskill to remain relevant, with this figure potentially reaching 90% by 2030 1

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. Failure to address this skills gap could result in a global GDP loss of up to $15 trillion by 2030.

Key Features of the New Talent Management Solution

The new solution will offer organizations powerful tools and capabilities to enhance decision-making in several critical areas:

1. Emerging talent evaluation with data-backed recommendations
2. Internal talent skilling and mobility
3. Efficient talent management and workforce planning
4. Education and skills pathways 2

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LearnVantage: Driving a Culture of Learning

Launched in March 2023, Accenture's LearnVantage platform is already changing how organizations approach their talent systems. It enables people to explore technology, functional, and industry skills through personalized learning pathways and certifications 1

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. This platform is particularly focused on addressing skill shortages in key tech sectors such as cloud, data, artificial intelligence, and security.

ETS's Role in Skills Assessment

ETS, a global leader in education and talent solutions, brings its expertise in measurement, credentialing, and certification of skills to the partnership. Michelle Froah, senior vice president of Corporate Solutions at ETS, stated, "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" 3

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Global Impact and Reach

With Accenture's presence in over 120 countries and ETS's operations in 200 countries and territories, this partnership has the potential to make a significant global impact 1

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. The collaboration aims to establish a worldwide model for skills-focused, data-driven employability, backed by ETS's trusted and securely administered proctoring capabilities.

As organizations worldwide grapple with rapid technological changes and evolving skill requirements, this AI-powered approach to talent management could prove instrumental in bridging the global skills gap and preparing the workforce for the challenges of the future.