The Achievement Wallet is envisioned as a comprehensive repository that bridges the worlds of education and employment by capturing an individual's formal and informal educational experiences, professional development achievements, soft skills, and industry-specific training programs. The approach provides a more complete picture of an individual's abilities and experiences than is available with traditional academic transcripts and resumes.

There are many benefits expected from the use of the Achievement Wallet:

• Employers may use the Wallet to verify and assess credentials, skills, and achievements.
• Jobseekers can upload and tag in multiple formats demonstrations of their skills directly to employers (e.g., a video of a sales presentation or adding a publication to their Wallet), or to higher education institutions as individuals may be seeking admission to graduate level programs.
• The Indiana Achievement Wallet, a digital profile that tracks students' personal and professional learning achievements and helps them share those achievements, enables a learner to showcase skills that a singular transcript or resume is unable to capture. With the Wallet, job seekers have a digital and personalized profile to share with employers to prove their skills and credentials. The Wallet also helps learners find open jobs and identify ways to advance in the workforce.