2019 – Posted in: Daily News – Tags: International Institute for Management Development

IMD world talent ranking 2019

IMD World Talent Ranking Report 2019

For: Preliminary

Topics covered:

Key Highlights of the World Talent Ranking Report
About IMD

News Flash

India was ranked 59th among 63 countries in the 2019 IMD World Talent Ranking released by International Institute for Management Development.

India has slipped 6 places to 59, due to low quality of life and expenditure on education.

Assessment

The ranking is based on the performance in three main categories: investment & development, appeal and readiness. These 3 categories assess how countries perform in a wide range of areas such as cost of living, quality of life, education, language skills, apprenticeships, workplace training, remuneration and tax rates.

Key Findings

Switzerland has retained its title as the world’s top talent hub. Denmark was placed second and Sweden, was in third place.
The Top 10 was completed by Austria (4th), Luxembourg (5th), Norway (6th), Iceland (7th), Finland (8th), the Netherlands (9th) and Singapore (10th).
China ranked in the lower half of the index. China (42nd) fell 3 places due to low ranking on government expenditure per student, cost of living index and exposure to particle pollution.
In Asia, Singapore, along with Hong Kong SAR (15th) and Taiwan (20th) lead in terms of talent competitiveness due to the readiness of talent pool.
Singapore rose from 13th to 10th position compared to last year, Hong Kong SAR from 18th to 15th, and Taiwan from 27th to 20th.

Indian scenario

India is lagging behind fellow BRICs countries – China ranked 42nd on the list, Russia (47th) and South Africa (50th).
India witnessed one of the sharpest declines among Asian economies owing to low quality of life, negative impact of brain drain, and the low priority of its economy on attracting and retaining talents.
The drop is a combination of several factors including expenditure on education (per student) and the quality of education which may be linked to the GDP growth.
Also, there are other issues such as the effectiveness of the health system and women’s participation in the labour force.

Conclusion

The countries at the top of the rankings share strong levels of investment in education and high quality of life.
Most leading economies emphasize long-term talent development by focusing on investment and development.

International Institute for Management Development

IMD is a business education school located in Lausanne, Switzerland.
IMD was formed in January 1990.

Source: Business Standard