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LinkedIn

Courtesy of Linkedin

    Gleaning valuable insights from a huge database—and passing them on to job seekers.

    LinkedIn, the job-hunting platform, sits on a lot of data. Its 450 million global members have inputted detailed resumes and career histories; the 45,000 companies and hundreds of thousands of recruiters who use the site have volunteered oodles of job descriptions and skills requirements. All this adds up to a highly specified, real-time picture of the economy—or an “Economic Graph” as LinkedIn likes to call it—charting, to an unusually fine degree (50,000 standardized skills), the supply and demand of the global labor market. The power this information holds for policy makers, educational institutions not to mention the average job seeker, has not been lost on LinkedIn, which for several years has been working with cities, like Manchester, England, as well as states like Arizona and Colorado to identify and address local skills gaps. Such diagnoses helped New York City allocate $10 million in tech training funding—only 2% of the city’s tech workers had “in-demand” skills—and led LinkedIn to launch Training Finder, a tool being piloted in Phoenix and Denver that guides those looking for jobs to necessary skills—and ultimately, happy employment.

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    Company Information

    Impact Segment
    Economic Opportunity/Financial Inclusion
    Sector
    Technology
    Industry
    Internet Services & Retailing
    CEO
    Jeffrey Weiner
    Websitehttp://www.linkedin.com
    Employees9,372
    Company Type
    Public
    Revenues ($M) (Last Fiscal Year)$2,991
    Profits ($M) (Last Fiscal Year)$-166
    Market Value ($M)$25,868