IMD World Talent Ranking 2020

[Pages:113]IMD WORLD TALENT RANKING 2020

November 2020 IMD WORLD TALENT RANKING 2020

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Preface

How do different economies invest and develop their local talent? How do countries appeal to the international talent pool as well as retaining their own high-skilled work force? And how do economies measure the quality of the skills and competences that are available?

These are the questions that the IMD World Talent Ranking addresses. We are delighted to present the seventh edition of this publication.

The latest ranking suggests that most economies that perform well focus their talent development efforts in every stage of the educational process. From primary education to tertiary, to apprenticeships and continuous work training, enhancing the skills and competencies of the work force is important. The top performing economies are open to both people and ideas. Finally, in the difficult times of social distancing and working from home, keeping the employees motivated contributes to the talent competitiveness of an economy.

An undertaking like the IMD World Talent Ranking could not have been accomplished without the support and assistance of many stakeholders. Our Partner Institutes, the IMD Alumni community and our Panel of Experts from all the countries generously offer data and insights that are crucial for completing such a project. We are always most grateful for their support. Yet, as we stressed in all our publications, this year, our stakeholders managed to make us feel that it was business as usual and not a uniquely complicated and difficult environment. The reason you have this publication in your hands now is, for a great part, because of our stakeholders. We are humbled and thankful!

Professor Arturo Bris Director IMD World Competitiveness Center

Dr Christos Cabolis Chief Economist & Head of Operations IMD World Competitiveness Center

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Table of Contents

The IMD World Talent Ranking 2020

Preface................................................................................................................................................................ 3 Table of contents.................................................................................................................................................. 4 The IMD World Competitiveness Center.............................................................................................................. 7

Partner Institutes.................................................................................................................................................. 8

Trends in the World Talent Ranking 2020...................................................................................................... 14

IMD World Talent Ranking 2020...................................................................................................................... 23

Methodology in a Nutshell.................................................................................................................................. 26

What is the IMD World Talent Ranking? ............................................................................................................ 27

IMD World Talent Rankings selected breakdowns........................................................................................ 28 Populations greater than 20 million.......................................................................................................... 28 Populations less than 20 million............................................................................................................... 29 GDP per capita greater than $20,000...................................................................................................... 30 GDP per capita less than $20,000........................................................................................................... 31 Europe - Middle East - Africa................................................................................................................... 32 Asia - Pacific............................................................................................................................................ 33 The Americas........................................................................................................................................... 33 Factor 1: Investment and development ................................................................................................... 34 Factor 2: Appeal....................................................................................................................................... 35 Factor 3: Readiness................................................................................................................................. 36 Factor rankings........................................................................................................................................ 38

Talent country profiles..................................................................................................................................... 41

The IMD World Talent Ranking methodology................................................................................................... 106

Notes and sources by criteria........................................................................................................................... 110

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World Talent Country Profiles

Argentina......................................................... 42 Australia.......................................................... 43 Austria............................................................. 44 Belgium........................................................... 45 Brazil............................................................... 46 Bulgaria........................................................... 47 Canada............................................................ 48 Chile................................................................ 49 China............................................................... 50 Colombia......................................................... 51 Croatia............................................................. 52 Cyprus............................................................. 53 Czech Republic............................................... 54 Denmark.......................................................... 55 Estonia............................................................ 56 Finland............................................................. 57 France............................................................. 58 Germany.......................................................... 59 Greece............................................................. 60 Hong Kong SAR.............................................. 61 Hungary........................................................... 62 Iceland............................................................. 63 India................................................................. 64 Indonesia......................................................... 65 Ireland............................................................. 66 Israel................................................................ 67 Italy.................................................................. 68 Japan............................................................... 69 Jordan............................................................. 70 Kazakhstan...................................................... 71 Korea Republic................................................ 72 Latvia............................................................... 73

Lithuania.......................................................... 74 Luxembourg.................................................... 75 Malaysia.......................................................... 76 Mexico............................................................. 77 Mongolia.......................................................... 78 Netherlands..................................................... 79 New Zealand................................................... 80 Norway............................................................ 81 Peru................................................................. 82 Philippines....................................................... 83 Poland............................................................. 84 Portugal........................................................... 85 Qatar............................................................... 86 Romania.......................................................... 87 Russia............................................................. 88 Saudi Arabia.................................................... 89 Singapore........................................................ 90 Slovak Republic............................................... 91 Slovenia........................................................... 92 South Africa..................................................... 93 Spain............................................................... 94 Sweden........................................................... 95 Switzerland...................................................... 96 Taiwan, China.................................................. 97 Thailand........................................................... 98 Turkey.............................................................. 99 UAE............................................................... 100 Ukraine.......................................................... 101 United Kingdom............................................. 102 USA............................................................... 103 Venezuela...................................................... 104

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IMD WORLD TALENT RANKING 2020

The IMD World Competitiveness Center

For more than thirty years, the IMD World Competitiveness Center has pioneered research on how economies and companies compete to lay the foundations for sustainable value creation. The competitiveness of nations is probably one of the most significant developments in modern management and IMD is committed to leading the field. The World Competitiveness Center conducts its mission in cooperation with a network of 56 Partner Institutes worldwide to provide the government, business and academic communities with the following services:

? Competitiveness Special Reports ? Competitiveness Prognostic Reports ? Workshops/Mega Dives on competitiveness ? IMD World Competitiveness Yearbook ? IMD World Digital Competitiveness Ranking ? IMD World Talent Ranking

The IMD World Competitiveness Center team:

At IMD

Professor Arturo Bris

Director of The IMD World Competitiveness Center

Christos Cabolis

Chief Economist & Head of Operations

Jos? CaballeroSenior Economist

Madeleine Hediger

Data Research and Online Services Specialist

Catherine Jobin

Order and Sales Administrator

William Milner

Research Projects Associate Manager

Marco PistisResearch Specialist

Maryam ZargariResearch Specialist

At KAESCO

Jean-Fran?ois Kaeser

Consulting

We also have the privilege of collaborating with a unique network of Partner Institutes, and other organizations, which guarantees the relevance of the data gathered.

Contact: Tel: + 41 21/618 02 51 E-mail : wccinfo@ Internet: wcc

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Partner Institutes

We would like to express our deep appreciation for the contribution of our Partner Institutes, enabling an extensive coverage of competitiveness in their home countries. The following Institutes and people supplied data from national sources and helped distribute the survey questionnaires:

Argentina

Research Program on Economic Development and Institutions Faculty of Economic Sciences Catholic University of Argentina, Buenos Aires

Dr. Alicia Caballero, Dean Dr. Marcelo F. Resico, Senior Economist Mr. Santiago Franco, Research Assistant

Australia

CEDA ? Committee for Economic Development of Australia .au

Jarrod Ball, Chief Economist Roxanne Punton, Director, External Affairs

Austria

Federation of Austrian Industries, Vienna Austrian Institute of Economic Research, Vienna

Dr. Christian Helmenstein, Chief Economist Ms. Helena Zwickl Mr. Michael Oliver

Belgium

FEB - Federation of Enterprises in Belgium, Brussels vbo-feb.be

Christophe Ernaelsteen, Conseiller Centre de comp?tence Economie & conjoncture

Brazil

Funda??o Dom Cabral, Innovation and Entrepreneurship Center

Carlos Arruda, Professor and Director FDC Innovation and Entrepreneurship Center Ana Burcharth, Professor Naira T. A. C. Gon?alves, Researcher

Bulgaria

Center for the Study of Democracy, Sofia csd.bg

Mr. Ruslan Stefanov, Director, Economic Program Ms. Daniela Mineva, Research Fellow, Economic Program Mr. Martin Vladimirov, Analyst, Economic Program Dr. Todor Galev, Senior Analyst, Economic Program

Canada

Information and Communications Technology Council (ICTC) ictc-ctic.ca

Alexandra Cutean, Director Research & Policy Rosina Hamoni, Research Analyst

Chile

Universidad de Chile Facultad de Econom?a y Negocios (FEN) fen.uchile.cl

Dr. Enrique Manzur, Vice Dean Dr. Sergio Olavarrieta, Ph.D Program Director Dr. Pedro Hidalgo, Department Head

China

China Institute for Development Planning, Tsinghua University

Prof. Yang Yongheng, Associate Dean of School of Public Policy & Management, Executive Associate Director of China Institute for Development Planning Prof. Wang Youqiang, Associate Director of China Institute for Development Planning Dr. Gong Pu, Research Fellow Mr. Wang Hongshuai, PhD Candidate

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