Commercial and residential areas stand out on the streets of Zurich, Switzerland, on Wednesday, November 11, 2015.
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According to the Global Talent Competitiveness Index 2023 by business school INSEAD, Switzerland is once again the most competitive country in the world for talent.
The European country benefits from “high standards of social protection” and a high-quality natural environment, retaining its title for the 10th consecutive year, the report said.
Similarly, Singapore maintained its second place thanks to its highly educated workforce and innovative economy, while the United States moved up from fourth in the 2022 rankings to third.
This annual report measures how 134 countries attract, grow and retain talent. Over the past decade, the top 10 countries have remained stable, with Switzerland and Singapore consistently occupying the top spot as the “clear leaders.”
“Over the past decade, we have seen a strong link between a country’s wealth and talent competitiveness, with richer economies continuing to outperform poorer ones,” the report said. .
Other European countries also perform well in the list. Denmark, the Netherlands, Finland, and Norway came in 4th, 5th, 6th, and 7th place, respectively.
Other notable examples include Australia in 8th place and the UK in 10th place. China rose from 47th to 40th place.
India, which is widely expected to become the third largest economy by 2030, ranked 103rd. INSEAD attributed this to “low business confidence”, which reduced the company’s ability to attract talent from home and abroad.
“This has increased the skills mismatch and made it more difficult to find skilled employees,” the report added.
Competition for talent is expected to intensify over the next decade amid continued uncertainty and international tensions in trade, investment and politics.
“We expect to see more, not less, competition for talent,” the report said, adding that quality of life and sustainability will be “key assets” for countries seeking to become talent hubs. Ta.
Moreover, the emergence of AI in various industries is likely to further exacerbate the talent gap. “Unqualified or low-qualified workers will come under additional pressure, while new categories of higher-skilled workers will suffer from intense competition from algorithms and specialized equipment. ”
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