The IMD World Competitiveness Center released the prestigious IMD World Talent Ranking 2017. India stands at the 51st position out of 63 countries spread across the world. However, Switzerland topped the table according to the leading global business school, IMD.
The World Talent Rankings based on countries' performance in three main categories, namely investment & development, appeal and readiness. These three categories display how countries perform in a wide range of areas that include education, apprenticeships, workplace training, language skills, cost of living, quality of life, remuneration and tax rates.
The European countries dominated the IMD World Talent Ranking 2017 when it comes to retaining, attracting and developing new talent. Switzerland, Denmark and Belgium occupied the top three positions. Interestingly, 11 out of the top 15 countries are from this continent.
According to IMD report, "the European countries’ outstanding education systems that set them apart from the rest of the pack. This allows them to develop local talent and at the same time attract foreign, highly-skilled professionals, which many European businesses rely upon to perform."
While coming to India, it ranked 62nd(investment & development), 43rd(appeal) and 29th(readiness). The overall performance made India occupy the 51st rank. Among BRICS nations, China claimed the first position with 40th rank followed by Russia (43rd) and South Africa (48th). However, Brazil stands next to India with (52nd).
Indians favourite destination in overseas education, the United States fell down from 13th position to 16th. Meanwhile, Hong Kong and Singapore top the Asian rankings.
IMD claims that the objective of this publication is to assess the extent to which countries develop, attract and retain talent to sustain the pool that enterprises employ to create sustainable value.