Accenture to spend $1bn on reskilling employees

Julie Sweet ,CEO, Accenture global said her company invested nearly $1 billion annually in reskilling, training and learning initiatives for its employees in its pursuit of becoming both a responsible and sustainable enterprise.

Speaking at a virtual fireside chat at the Nasscom Technology & Leadership Forum 2021 on Friday, Ms. Sweet said, sustainable businesses have unlocked opportunities for constantly reskilling employees even as organisations are becoming more agile. Accenture has extended its reskilling efforts to its clients too. These are all part of our being a sustainable business and our commitment to the community.

Sweet said sustainable businesses have unlocked opportunities for constantly reskilling employees even as organisations are becoming more agile. Accenture has extended its reskilling efforts to its clients too. US consumer electronics retailer Best Buy, for instance, announced that they were creating 1,000 new jobs in technology. “And they’re working with us to make sure that a big percentage - about 30% - are diverse,” she said.

Accenture’s 2020 annual report showed that it increased training hours by 6%, while reducing training costs by 11% to $866 million with its digital learning platforms. Since March last year, in its technology services alone, it has trained over 70,000 people in the hot-skills needed by its clients, including cloud and remote collaboration tools. Accenture has over 5 lakh employees and India has two lakh of these.