Switzerland has ranked top for its ability to develop, attract and retain talent for companies. The World Talent Ranking, introduced by the World Talent Report by IMD, a global business school, ranks countries based on three factors; investment and development in local talent—reflecting investment in education; appeal—reflecting ability to retain home-grown talent and attract overseas talent; and readiness—reflecting a country's ability to fulfil market demands with its talent pool.
“The top countries have a balanced approach to the three factors.” Said Professor Arturo Bris, Director of the IMD World Competitiveness Center. After Switzerland, the top five places in the ranking are completed by Denmark, Germany, Finland and Malaysia. At the other extreme is Venezuela, in 59th place, and Bulgaria, in 60th place.
The ranking is based on over 20 indicators, some statistical and others drawn from an IMD survey of 4,300 international executives. The Competitiveness Center's database has tracked developments since 2005. Based on this data, the report identifies the most talent-competitive countries. Canada, Denmark and Switzerland are the only countries ranked in the top 10 every year. Sweden has been in the top 10 since 2007. Singapore reached the top 10 in six of the ten years. “Changes in ranking from may stem from economic or socio-political issues that affect policies.” Bris said.
Paul Arkwright
Publisher
