Most recruiters are grappling with talent shortages due to the widening skills gap. LinkedIn asked PwC to uncover what’s contributing to the skills gap, and how it’s affecting recruiters, employers and economies. The study, called Adapt to Survive, analyzed millions of interactions from LinkedIn’s network of 277 million professionals and information on 2,600 employers from PwC’s Saratoga database across 11 countries (Australia, Brazil, Canada, China, France, Germany, India, the Netherlands, Singapore, and the US and UK).
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2. We set out to ask two key questions
1. Why doesn’t talent always find the right home?
2. How much is this poor alignment costing economies?
3. To answer these questions PWC, commissioned by
LinkedIn, analyzed two of the most comprehensive
sources of talent data in the world.
PwC’s Saratoga
database - more than
2,600 employers
across the globe
LinkedIn’s network
of 277 million
professionals
5. We set a new benchmark for evaluating a
country’s ability to match talent with opportunity
– a Talent Adaptability Score*
( and found significant variations in 11 countries )
*Based on five key behavioural factors such as a professional’s
industry switching rate and number of positions held.
*Scores are relative (a score of 100 would mean a #1 rank in
each of the five variables)
1
CHN
BRASGP
CAN
UK
NLD
DEU
FRA
US
AUS
IND
6. What if we were all like the Dutch?
The adaptability upside: The benefit that could be achieved if
each country became as adaptable as the Netherlands
2
$16.02b
$65.58b
80
70
60
50
40
30
20
10
CHN US
$2.37b
$29.34b
$.37b
$3.65b
AUS
$0b
$3.23b
FRA
$.07b
$11.71b
BRA
$.11b
$1.86b
CAN
$.38b
$8.61b
IND
$.43b
$1.44b
UK
$0b
$4.92b
DEU
$.06b
$.22b $0b
$0b
SGP NLD
*Source: PwC Saratoga
Productivity opportunity
Potential recruitment cost savings
7. The total potential for these 11 countries to unlock
productivity and save on recruitment costs is huge.
$130 $20
better productivity potential recruitment
cost saving
3
billion billion
8. Greater visibility leads to better talent fit
of HR Directors say that social
recruitment networks have improved
their ability to fill vacancies more
quickly and effectively
4
69%