World Talent Ranking

Scoring countries’ development, retention and attraction of a domestic and international highly-skilled workforce to determine how well they are achieving long-term value creation.

World Talent Ranking

Scoring countries’ development, retention and attraction of a domestic and international highly-skilled workforce to determine how well they are achieving long-term value creation.

How do we tackle talent?

Eleven years ago, we decided a new way of ranking global talent was in order. We came up with three factors to group our comprehensive set of criteria (survey answers from executives plus hard data), and formulated a methodology that reflected how various economies are performing in terms of sustaining their talent pool.

Our three factors answer three clear questions:

  1. What’s the state of investment and development in home-grown talent? We trace the size of public investment on education by incorporating an indicator of public expenditure. It also looks at the quality of education through indicators related to pupil-teacher ratios.
  2. How much does a country appeal to talent? This question goes beyond a mere focus on the local labor force to incorporate the ability of a country to tap into the overseas talent pool by, for instance, cost of living and quality of life.
  3. What degree of skills and competencies exist in the talent pool? Here, we consider the growth of the labor force, the quality of skills available, the education system, and the experience and competencies of the existing senior managers’ pool.

We don’t include any measures around the regulation of labor and productivity. Why? Our objective is to assess the development and retention of talent, and the regulation of labor and its focus on conflict resolution could be perceived as peripheral to doing so. By the same token, productivity is an outcome of what we want to assess.

AI could threaten high-income economies’ attractiveness to talent, finds 2024 IMD World Talent Ranking
The economies where AI is most noticeably replacing humans are found to also be those where discrimination is on the up – and there seems to be a likely link.

The 2024 IMD World Talent Ranking (WTR) report has signaled how policymakers should start streamlining regulation to minimize the impact of the potential exclusion arising from the widespread adoption of AI.

Recommendations in the report, produced by the IMD World Competitiveness Center (WCC), include a focus on educational and labor market policies and a heavy emphasis on retraining and upskilling.

2024 Report

Browse the full report below or download it here

Methodology
1

Goal: Assess the status and the development of competencies necessary for enterprises and the economy to achieve long-term value creation. Do so by using a set of indicators which measure the development, retention and attraction of a domestic and international highly-skilled workforce.

2

Define talent competitiveness across three main factors:
1. Investment and Development
2. Appeal
3. Readiness

3

Deposit 31 pieces of criteria across the factors. Each factor does not necessarily have the same number of criteria. For example, it takes more criteria to assess Readiness than to evaluate Investment and Development.

4

Each factor, independently of the number of criteria it contains, has the same weight in the overall consolidation of results, namely 1/3 (3×33.3 ~100).

5

Criteria can be hard data, which analyze talent development as it can be measured (e.g. Total Public Expenditure on Education) or soft data, which analyze the quality of these investments as they can be perceived (e.g. Management Education).

6

Aggregate the criteria to calculate the scores of each factor which function as the basis to generate the overall ranking.

Factors summed up
Investment and development

The investment in and development of home-grown talent

Appeal

The extent to which a country taps into the overseas talent pool

Readiness

The availability of skills and competencies in the talent pool

Computing the ranking

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