Global Economy Loses Trillions Annually From Untapped Workforce Potential, Analysis Reveals
Companies worldwide are facing staggering economic losses due to systemic talent waste, according to new analysis. The report indicates inadequate workforce development and short-term profit focus create massive productivity drains while leaving workers’ potential untapped.
The $8.8 Trillion Talent Drain
Businesses worldwide are reportedly losing trillions annually due to systemic failures in talent development, according to recent analysis. Sources indicate that wasted workforce potential costs the global economy an estimated $8.8 trillion each year through reduced productivity, increased absenteeism, and lower profitability.