International Institute for Management Development (IMD) World Competitive Centre published its “World Talent Ranking Report”.
In the report, Europe has dominated the ranking in 2021. Switzerland leads the top 10 economies in the IMD 2021 World Talent Ranking 2021, showing a pandemic-induced trend in which employees are more motivated in more competitive economies and less so in non-competitive ones.
Sweden is 2nd (up from 5th in 2020 in the same ranking), Luxembourg 3rd (also 3rd in 2020), Norway 4th, and Denmark 5th. Switzerland has been ranked number 1 for five years in a row.
In the Arab world, UAE maintained its top position. The UAE has improved its global talent ranking by one position to 23rd. Taiwan has been ranked at third place in Asia while at 16th place In Asia, Taiwan has been ranked behind Hong Kong (11) and Singapore (12) but ahead of South Korea (34), China (36), and Japan (39).
About the Report:
The Institute for Management Development’s World Competitiveness Center take a three-pronged approach in measuring talent in economies.
- The Investment & Development factor measures the resources earmarked to cultivate a homegrown workforce.
- The Appeal factor evaluates the extent to which an economy attracts foreign and retains local talent.
- And the Readiness factor measures the quality of the skills and competencies that are available in a country’s talent pool.
| Rank | Country |
| 1 | Switzerland |
| 2 | Sweden |
| 3 | Luxembourg |
| 4 | Norway |
| 5 | Denmark |
| 6 | Austria |
| 7 | Iceland |
| 8 | Finland |
| 9 | Netherlands |
| 10 | Germany |
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