The IMD World Competitiveness Center presented the World Talent Report on a talent ranking for the countries that are part of the IMD World Competitiveness Yearbook. IMD assessed each country’s ability to develop, attract and retain talent in order to sustain the talent pool for enterprises in those economies. In year 2014, 60 countries took part.
The center gathered relevant statistical and survey data from year 2005 to 2014. Three factors were crucial for the evaluation: investment in and development of the homegrown talent, appeal and tapping to the overseas talent pool and readiness of the existing talent to make use of its experience.
In preparation of the report, the center looked at several specifics of each factor. For evaluating investment in homegrown talent, aspects such as total public expenditure on education, employee training and female labor force were crucial. For the appeal factor, the center evaluated aspects such as cost of living, worker motivation and foreign skilled people in a particular country. For the factor of readiness, it was labor force growth, management skills and language skills, among others.
According to the report, Switzerland marked the first place and the top 10 list featured other countries like Denmark, Germany, Finland, Malaysia and Canada. All of these countries have consistently accomplished high scores through the years and are therefore called “talent competitive”. In these cases, the approach between the three factors of developing and sustaining talent is balanced.
IMD World Competitiveness Center has been dedicated to evaluating the world competitiveness by gathering the latest data and by analyzing the policy consequences. The center cooperates with 55 partner institutes around the world.
Full report: www.imd.org/uupload/imd.website/wcc/NewTalentReport/IMD_World_Talent_Report_2014bis.pdf
Photo: Shutterstock
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