Affaires économiques
IMD World Talent Report 2016
The World Talent Report assesses how countries worldwide attract and sustain talent; and thus identifies business talent hotspots around the globe. The ranking is aggregated from countries’ performances in three areas: investment in and development of home-grown talent (“Investment and development” factor), the ability of the country to tap into the pool of oversea talents (“appeal” factor) and the availability of skills and competencies (“readiness” factor).
This year, Luxembourg is ranked 9th out of 61 economies assessed. As data indicates, Luxembourg is particularly well-positioned in indicators such as its pupil-teacher ratio for primary education (1st), remuneration in services professions (4th), international experience (5th) and language skills (5th); but could do better in terms of public expenditure on education per pupil in secondary education (40th), skilled labor (40th) and management education (34th).
Even though it lost six places since last year (3rd in 2015), the Grand-Duchy still occupies a satisfying position in the ranking, placed ahead of Hong Kong (10th), Germany (11th) and the US (14th). However, Luxembourg must without doubt strengthens its efforts in the coming years in order to avoid losing further ground.
Next to Luxembourg, six European Member countries can be found in the top 10. The country best equipped to develop, attract and retain business talent has been –for several years in a row - Switzerland, followed by Denmark and Belgium.
In general, findings show that economies that balance investment in local talent and attracting oversea talent, do well. In addition, as the Professor Arturo Bris, Director of IMD World Competitiveness Center, points out in the IMD press release: “Indeed, it’s well worth noting that small can be beautiful when it comes to talent management, as it’s harder for larger countries to adopt and adapt effective systems”.
Find more information on the IMD Talent Report under the following link: http://www.imd.org/uupload/IMD.WebSite/Wcc/NewTalentReport/Talent_2016_web.pdf