India, China fare poorly on utilizing talent

India and China are among the least adaptable markets when it comes to adapting and utilizing talent with changing demand-supply needs, according to a first of its kind report released by LinkedIn and PwC, titled 'The Adapt to Survive study'. The report shows that better alignment between talent and given opportunities in countries can help drive economic growth. Research by the two firms revealed that poor talent alignment is costing Indian companies as much as Rs 50,800 crore in lost productivity. The capacity of a market to match supply and demand efficiently depends on the ability and willingness of employers and employees to adapt to changing circumstances and align skills with available opportunities, according to the report.

Read the Economic Times news report here.