Switzerland Maintains Top Spot as the Most Talent-Competitive Country in the World
According to the 2023 Global Talent Competitiveness Index by business school INSEAD, Switzerland has once again secured its position as the world’s most talent-competitive country, holding the crown for ten consecutive years. This achievement is attributed to the country’s high levels of social protection and the quality of its natural environment, as noted in the report.
Singapore also retained its position in second place, thanks to its highly educated labor force and innovative economy, while the United States climbed to third place after ranking fourth in 2022.
The annual report evaluates 134 countries based on their ability to attract, grow, and retain talent. Switzerland and Singapore have consistently topped the charts as “clear leaders” for the past decade, while wealthier economies continue to outshine poorer ones in terms of talent competitiveness.
European countries such as Denmark, Netherlands, Finland, and Norway also performed well on the list, securing the fourth, fifth, sixth, and seventh positions respectively. Australia and the United Kingdom were also included in the top ten. China rose in the rankings from 47th to 40th place, while India, forecasted to become the third-largest economy by 2030, came in at 103rd place, experiencing a slump in business sentiment that impacted its ability to attract and retain talent.
The report also predicts that competition for talent will intensify over the next decade, especially in the face of uncertainties and international tensions. Quality of life and sustainability will be critical assets for countries looking to position themselves as talent hubs. The increasing role of AI in various industries is expected to exacerbate talent disparity, with low-qualified labor facing additional pressure and higher-skilled workers facing stronger competition from algorithms and specialized equipment.
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