Taiwan slips one place to 24th in IMD World Talent Ranking for 2016

Taiwan fell one place in the annual International Institute for Management and Development (IMD) World Talent Ranking for 2016, moving from 23rd place last year to 24th but remaining fourth in Asia.

Published Tuesday, the report assesses the ability of 61 economies to develop, attract and retain talent for enterprises operating in those economies.

The ranking is based on three factors: investment and development of home-grown talent; appeal — the ability of the country to tap into the overseas talent pool; and readiness — the availability of skills and competencies in the talent pool.

In the three main categories, Taiwan fell 10 notches to 28th place in the area of investment and development, the report said. Taiwan remains No. 26 in the area of appeal, but slipped one place from last year to No. 26 in the category of readiness, it added.

In Asia, Taiwan was behind only Hong Kong (10th), Singapore (15th) and Malaysia (19th). Japan was ranked 30th, followed by Thailand (37th), South Korea (38th) and China (43rd).

The top 1 to 9 in this year’s rankings are Switzerland, Denmark, Belgium, Sweden, the Netherlands, Finland, Norway, Austria and Luxembourg, respectively, the report said.

Professor Arturo Bris, director of the IMD’s World Competitiveness Center, which publishes the talent report, now in its third year, said that “talent is one of the competitive pillars of Europe.”

Europe generally continues to face a number of problems, including poor economic growth, declining momentum and negative expectations, Bris said in a statement. “But the quality of its education systems and its commitment to developing talent from a very young age to retirement should preserve its long-term competitiveness.”

Commenting on the situation in Asian countries, Bris said that the problem is that “they might be amazing attractors of foreign talent, but they don’t invest enough in nurturing local talent.”

Source: Focus Taiwan News Channel

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