Switzerland, Singapore and Luxembourg tied for top place in this year’s edition of the annual Global Talent Competitiveness Index (GTCI), produced by Insead along with the Human Capital Leadership Institute of Singapore (HCLI) and Adecco Group. GTCI rankings are dominated by European countries, with only six non-European countries in the top 20: Singapore (2), the United States (4), Canada (5), Australia (9), New-Zealand (16) and Japan (20). Spain ranked 30th.
The study measures a nation’s competitiveness based on the quality of talent it can produce, attract and retain.
The GTCI study reveals six key factors affecting talent competitiveness across countries of different GDP per capita and development levels:
- Openness is key to talent competitiveness:
- Fiscally stable countries need talent competitiveness for sustainable development
- Talent growth can be internal or external:
- Countries must consider employability or risk high unemployment:
- Education systems need to reconsider traditional learning
- Technology is changing the meaning of ’employable skills’
Read the full report here.