Singapore has supplanted Malaysia as the Southeast Asian economy best equipped to develop, attract and retain talent, according to the IMD Business School’s World Talent Report. The city-state took 10th place in the global ranking, up nine places from its performance in 2014. Malaysia on the other hand dropped 10 places to number 15 on the rankings.
The rankings are based on 20 years’ worth of competitiveness-related data including a survey of over 4,000 executives in 61 countries. The research mainly focuses on three categories: investment and development, appeal, and readiness—the information for which is derived from factors such as education, employee training, cost of living, motivation and more.
Hong Kong had a good showing in this year’s rankings—it came 12th place, up nine places from its original position in 2014. Indonesia on the other hand plunged from 25th to 41st.
The most disappointing results though were seen amongst the major economies which saw the US in 14th place, the UK 21st and mainland China in 40th. However, the European nations came on top with Switzerland grabbing first place followed by Denmark, Luxembourg, Norway, the Netherland, Finland and Germany.
Paul Arkwright
Publisher
