Switzerland retained first place In the ranking, which is based on attracting and retaining talent, it dominated the list for a decade in 2023, published by INSEAD. Global Talent Competitiveness Index according to
What does the Competitiveness Index look at?
Based on the index, talent competitiveness represents the set of policies and practices that enable a country to develop and attract human capital. The index is an input-output model that combines an assessment of what countries do to produce and acquire talent (inputs) and the skills they possess as a result (outputs).
Europe clearly dominates the top of the listbut Singapore and the United States came in second and third place. Based on the data, Switzerland ranked first thanks to its high level of social protection and its natural environment. Singapore was highlighted for its highly skilled workforce and innovative economy, while the United States was chosen for its world-class universities and business schools in attracting talent.
According to the report China took first place The so-called includes China, Brazil, India, Russia and South Africa Among the BRICS countries, But despite this, it only managed to get the 40th position. India, the world’s most populous country, ranked 103rd in a list of 134 countries. According to the authors, the decline in business sentiment has hampered attracting talent locally and from abroad.
Competition among countries for talent may become more intense over the next ten yearsAt the same time, the gap between rich and poor countries may continue to widen as the link between wealth and talent remains strong.
The report also reveals that Hungary ranked 38th, placing it in the top third of the world.
|Global Talent Competitiveness Index ranking in 2023|
|2.||Singapore||East and Southeast Asia and Oceania||77.11|
|3.||United States of America||north america||76.6|
|8.||Australia||East and Southeast Asia and Oceania||73.93|
|129.||Burkina Faso||Sub-Saharan Africa||20.55|
|133.||Congolese democracy||Sub-Saharan Africa||17.57|
|Source: INSEAD, Portfolio|
Another interesting figure from the report The matrix is below Also who az represents countries based on the change in competitiveness index score, Compare two periods. The data highlights that emerging countries are the main drivers of changing talent dynamics.
Many of the largest emerging economies have been among the top developing economies over the past decade: China and Russia have transformed from talent engines to talent champions; Indonesia remains a talent engine, but in the past decade it has been among the countries that have made the most progress in terms of talent competitiveness.
Since 2020, the proportion of talent champions in Latin America and West Asian countries has also increased. In 2020, Latin America represented 3% of the top right, rising to 6% in 2023. Likewise, West Asia represents 13% here this year, after 9% in 2020. In contrast, the share of countries in Europe and North America declined East and Southeast Asia and Oceania during the same period.
the For next year The article highlights the following key messages regarding attracting and retaining talent:
- The competition between talents will become more and more intense. As international uncertainty and tensions continue to escalate in the areas of trade, investment, politics and diplomacy, we can expect more and more “talent wars”. This will be reinforced by the growing need to deal with internal tensions in labor markets, as well as strengthening nationalist positions, for example, with regard to immigration policy.
- The world of work can be dramatically turned upside down, for example by New hopes for younger generations its position, the emergence of new economic and regulatory models, and new opportunities offered by technologies, including artificial intelligence.
- the Cities and regions They are paving the way for new talent strategies and talent-driven innovation. Quality of life and sustainability are crucial values in becoming talent hubs of the future.
Cover image source: Getty Images