Switzerland leads the IMD World Talent Ranking 2018 for the fifth 12 months in a row, with European countries dominating a lot of the top ten. Canada was the one non-European country to make the highest ten.
The IMD Global Talent Rankings are based on countries’ performance in three essential categories – investment and development, attractiveness and readiness. These three categories assess countries’ performance in lots of areas. These include education, apprenticeships, on-the-job training, language skills, cost of living, quality of life, wages and tax rates.
Switzerland was followed by Norway, Austria and the Netherlands. Norway joins the highest three, up 4 places in comparison with last 12 months, because of improved public spending on education and preparing the talent pool. The top ten is accomplished by Canada (sixth), Finland (seventh), Sweden (eighth), Luxembourg (ninth) and Germany (tenth).
Singapore and Australia finished thirteenthvol and 14volrespectively, while APAC countries Hong Kong (18) and New Zealand (20) also made the highest 20.
China (39) ranks within the second half of the rating resulting from difficulties in attracting foreign expert employees combined with levels of public spending on education which are lower than the typical in other advanced economies.
“Since 2014, the Talent Ranking has been assessing how the 63 economies we study are developing, attracting and retaining highly qualified specialists,” said Arturo Bris, director of the IMD Global Competitiveness Center. “Educating a talented and educated workforce is crucial to strengthening competitiveness and achieving long-term prosperity, especially in today’s dynamic landscape where artificial intelligence, robotics and other emerging technologies are consistently redefining the challenges that governments, businesses and society generally in the long run.”
“This year, the most successful countries in talent competitiveness are mainly European mid-sized economies. Moreover, these countries are characterized by high levels of investment in education and quality of life,” Bris said.
