India ranks 92nd in Global Talent Competitiveness Index 2017
The Global Talent Competitiveness Index (GTCI) is an annual benchmarking report that measures the ability of countries to compete for talent
Image by : Shutterstock.com
1/10
Like other Nordic countries, Norway is strong in pillars such as Formal Education (11th), Grow (10th), Lifestyle (4th), Retain (2nd) and Internal Openness (3rd).
Image by : Shutterstock.com
2/10
Finland is the best in Formal Education (1st), and ranks highly in the Grow pillar (4th).
“Although the pool of Global Knowledge Skills (18th) can still be improved, the educational system is one of the world’s best at matching the skills of people with the needs of the economy (it is ranked 1st in the Employability sub-pillar),” the GTCI report says.
It also ranks high in the Enable pillar (6th) as well as Regulatory Landscape (2nd) and Internal Openness (4th). However, the country can do better in External Openness (where it is ranked 40th).
Image by : Shutterstock.com
3/10
Denmark (8th) is a top performer, scoring high across most parameters such as: Grow (3rd), Enable (3rd), Formal Education (6th), and Access to Growth Opportunities (2nd).
“Danish people can count on excellent personal rights and access to decision making in the workplace. All sub-pillars of Enable are strong because Denmark combines a strong Regulatory and Market Landscape (10th and 7th, respectively) with a flexible labour market that does not neglect social protection,” the Report notes.
Image by : Shutterstock.com
4/10
Luxembourg has slipped in the rankings from 3rd to 7th place. However, it still ranks high in pillars such as Attract (2nd), External Openness (3rd), Internal Openness (5th), and retaining its domestic talent (3rd in this pillar).
Image by : Shutterstock.com
5/10
Australia (6th) is one of the top countries in the Attract pillar (6th), the result of combining External Openness (8th) with good Internal Openness (11th), and in the Global Knowledge Skills pillar (5th). Formal Education (4th) is among the best in the world, although Lifelong Learning has room for improvement; Vocational and Technical Skills (25th) could also improve. (Text: 2017 Global Talent Competitiveness Index)
Image by : Shutterstock.com
6/10
Sweden (5th) performs consistently well across all six pillars (Enable, Attract, Grow, Retain, Vocational and Technical Skills, and Global Knowledge Skills), belonging to the top 15 in each of them.
The country is a high performer in retaining talent (4th in the Retain pillar), Lifelong Learning (3rd), Vocational and Technical Skills (10th), and Global Knowledge Skills (11th). “Even though Sweden is not one of the top attractors of talent in terms of External Openness (28th) despite its Lifestyle advantages (3rd), it is a top country in terms of Internal Openness (2nd) with an exemplary Tolerance of minorities,” according to the GTCI report.
Image by : Shutterstock.com
7/10
The United States leads on many pillars including Grow (ranked 2nd), Formal Education (2nd), Access to Growth Opportunities (3rd), Global Knowledge Skills (3rd), and Brain gain (6th).
“One dimension that requires attention is the development of Vocational and Technical Skills (20th)—although labour productivity is high, the number of people who have the skills needed to be technicians is rather small given the size of the country,” the report says.
Image by : Shutterstock.com
8/10
The United Kingdom scores low for Vocational and Technical Skills (Ranked 33rd among 100 nations), but is rated high in Global Knowledge Skills (2nd). It is ranked 7th for its External Openness.
“This is complemented by flexible labour markets and strong sustainability to retain talent. Internal Openness (23rd), by contrast, has room for improvement—particularly in the indicators related to gender equality, which are still lagging behind,” the GTCI report says.
Image by : Shutterstock.com
9/10
Singapore leads the way in attracting and enabling its global talent pool, the GTCI report reveals. The island city-state "takes an ecosystem approach to talent development in the face of technological change. Its regular ‘learning journeys’, organised by the Ministry of Manpower, along with relevant agencies such as the Workforce Development Agency and the Infocomm Development Agency, aim to enlighten small businesses to new possibilities in automation to enhance productivity and reduce dependence on foreign labour," INSEAD adds.
Image by : Shutterstock.com
10/10
Switzerland has maintained its top position, even as other European countries continue to dominate the GTCI rankings, with 16 of them in the top 25. Switzerland excels at offering an ideal economic environment and retaining domestically-developed talent, according to INSEAD.
Click here to read the full report
