Insead Business School has published its 2018 Global Talent Competitiveness Index (GTCI), a comprehensive annual report measuring how countries grow, attract and retain talent.
The 2018 GTCI includes 68 variables, covering 119 countries and 90 cities. It found that Switzerland still leads the way in terms of talent competitiveness, followed by Singapore and the United States.
In general, European countries continue to dominate the GTCI rankings with 15 in the top 25.
In addition, the report found that while the top ten countries have several key characteristics in common, they all share one major feature: they all have a well-developed educational system providing the social and collaboration skills needed for employability in today’s labour market.
|3||United States of America||75.34|
South Africa ranked 63rd overall with a score of 41.22.
The report found that while the formal education system is not exemplary (ranked 76th), the private sector does facilitate lifelong learning (24th) and access to growth opportunities (28th), which all help in growing talent in South Africa.
The country also seems open to attracting global talent (it ranks 45th in external openness and 39th in internal openness), and scored highly due to its number of female graduates (ranked 28th), and the prevalence of foreign ownership (ranked 27th).
This means that South Africa’s greatest challenge is in retaining talent (ranked 97th in the world out of 119) the report said.
It found that South Africa is particularly affected by its unattractive lifestyle (where it ranks 114th in terms of personal safety), poor living environment (ranked 72nd), and the poor access to doctors and sanitation facilities (ranked 87th and 91st respectively).
|Country||Ranking||Enable||Attract||Grow||Retain||Vocational skills||General knowledge skills|