Switzerland, Singapore and the United States firmly retain their leading positions as the world’s most talent competitive countries, according to the Global Talent Competitiveness Index (GTCI) 2023.
This year, Denmark, the Netherlands, Finland, Norway, Australia, Sweden and the United Kingdom make up the rest of the Top 10.
European countries continue to dominate the Top 25, with 17 of them ranked. Beyond Europe – Australia, Canada, New Zealand, the United Arab Emirates, South Korea, and Israel join the top 25. UAE has moved up from 25th to 22nd while Japan dropped out, replaced by South Korea (24th).
Looking back at the past decade, one significant highlight is that the top ten countries have largely remained the same. Remarkably, eight of the top ten countries this year were also in the inaugural top ten in 2013.
Several of the largest emerging economies are among the best improvers over the past decade: Notable examples include: China has moved from being a talent mover to a talent champion; Indonesia is one of the countries with the greatest strides in talent competitiveness over the past decade; Mexico has moved from being a talent laggard to a talent mover; and Brazil has progressed may well soon categorise as a talent mover.
Titled “What a difference ten years make - and what to expect for the next decade”, the GTCI 2023 is published by INSEAD, in collaboration with Descartes Institute for the Future, and the Human Capital Leadership Institute. The 10th edition of the report covers 134 countries around the world across all income groups.
Positioned as the leading comprehensive annual benchmarking report, the GTCI measures how countries and cities grow, attract and retain talent. It provides a unique resource for decision makers to understand the global talent competitiveness picture and develop strategies to boost their economies.
United States of America
United Arab Emirates
In its 10th edition, the GTCI 2023 celebrates its remarkable milestone of a decade of pioneering talent insights. Over that period, six major trends have emerged :
Doris Sohmen-Pao, Chief Executive Officer of the Human Capital Leadership Institute (HCLI), the Knowledge Partner of the GTCI this year, said, “The GTCI Index highlights and focuses on factors that support human capital. Improvements in each lever of the index, not just in the overall rankings, should be celebrated. While there has been minimal movement in the rankings over the past 10 years, there have been rapid changes in talent management across industries. This is especially so within companies as they respond to technological transformations, the pandemic, as well as the drive for sustainability. We imagine the next decade will see more visible changes in the rankings—with countries in Asia advancing in competitiveness mirroring growth across the industry. This increase in the ability to attract, retain, and grow human capital should be seen as a win for all.”