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The $2.7 Trillion Opportunity of Connecting Talent with Opportunity in the Digital Age

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By 2025, online talent platforms could boost global GDP by $2.7 trillion annually, according to a report released this week by the McKinsey Global Institute (MGI). The impact is even more tangible and personal to the 540 million individuals who could use these platforms to connect with better opportunities and more rewarding work. MGI defines “online talent platforms” as marketplaces and tools that can connect individuals to the right work opportunities.

Read more here: http://blog.linkedin.com/2015/06/04/the-2-7-trillion-opportunity-of-connecting-talent-with-opportunity-in-the-digital-age

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The $2.7 Trillion Opportunity of Connecting Talent with Opportunity in the Digital Age

  1. 1. A LABOR MARKET THAT WORKS zi. t.: i.: ..: i.: i it 4.13.4.4: 850 11* million people 30-45% of working—age population are unemployed. inactive in the workforce or working part time / “E Online talent platforms can effectively connect individuals with work opportunities By the year $ 2. Online talent platforms could also incre employment by 72 million fLill—tim, e<: iLiivalei'it i: )<: >s: ;iti<: >ns3 Higher participation $1.27 billion Increased employment $805 million Higher productivity $625 million By 2025, online talent platforms could positively impact . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Faster job placement 230 million Higher participation 200 million Better matches 60 million Increased formal job opportunities 50 million 92mi| |ion 77mi| |ion 41mi| |ion 21miIlion 8miI| ion 7mi| lion 6mi| lion 0 A A I * ' ' - "* ' ’ H K‘) China India USA Brazil Japan UK Germany 0, I O O Q 0 _o T~. _ ‘s‘ i I ’/ ’ ’, ’ ‘~~~‘ s‘ I '1 ‘ I; "a ‘~‘ ' , r’ a’ ~_~‘ s‘ II ’ ’’¢ ”¢ ‘~_: _‘ I ’r ‘ ’¢’ ~'¢ I ; ’ ” I ": ~- , ' , ’ A" ' ~: “I~ Ir’ 4” ‘ ll xl “. ‘~ I» "r’ I x‘ ’/ .‘~’_4’ ‘ I I’ . Z< *~_‘ 1 6 II ‘‘ . I ‘ I “ ' '0 I I I I I 6 Linked

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