Published: Tue, November 21, 2017
Worldwide | By Gretchen Simon

Indonesia Ranked Lowest Amongst Southeast Asian Neighbours in World Talent Competitiveness

Indonesia Ranked Lowest Amongst Southeast Asian Neighbours in World Talent Competitiveness

"For this latest report, we are concerned with the brain drain score which has deteriorated as well as the weaker motivation level", Arturo Bris, director of the IMD World Competitiveness Center, was quoted saying in the New Straits Times.

The annual IMD World Talent Ranking, now in its fourth year, assesses the methods countries use to attract and retain the talent their businesses need to thrive.

Looking specifically at the BRICS, China stayed in the lead with a ranking of 40, followed by Russian Federation at 43 and South Africa at 48 while Brazil ranked just after India at the 52nd slot.

2017 survey by Switzerland-based Institute for Management Development (IMD) gauges each country for investment in and development of home-grown talent, appeal to the overseas talent pool, and readiness in terms of skills and competencies in the talent pool.

Other countries that performed well included Ireland, up three places to 14th, and The Netherlands, Germany and Singapore, all up two places on previous year. These include education, apprenticeships, workplace training, language skills, cost of living, quality of life, remuneration and tax rates.

The study draws on an in-depth survey of thousands of executives from 63 different economies, and more than two decades of historical data.

South Africa's strengths are in total expenditure on education (4), cost-of-living index (1), personal income tax rate (2) and labor force growth (7).

"Compared to the top Asian scorers namely Hong Kong, Singapore, Taiwan and China, Malaysia has invested more in public education", Bris said.

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Bris commented that India needs to do a better job of attracting foreign labour and retaining local talent.

Switzerland is followed by Denmark and Belgium in second and third, with 11 out of the top 15 being European countries.

Besides Mongolia and Venezuela, which capture the last two positions in the IMD World Talent Ranking, the lower places are dominated by Eastern European countries like Croatia, Romania, and the Ukraine. In the category of investment and development, India's ranking declined from 60 to 62; in terms of appeal, it declined from 41 to 43; and in terms of readiness, India's ranking went down from 28 to 29.

Qatar ranks 22nd in the 2017 IMD World Talent Ranking.

The improving economic conditions will restore some of the appeal attractiveness.

The slip in Malaysia's talent ranking is in tandem with a separate gauge, the World Competitiveness Yearbook 2017, where Malaysia dropped from 19th to 24th position. The study found that India ranks among the bottom five countries on the list in terms of investment in education as a percentage of GDP. The UAE relies heavily on attracting and retaining foreign talent, which it manages extremely well, scoring highly in the appeal (3rd) and readiness (7th) factors. Investment in education is impressive - setting the ground work for future home grown talent.

Among Asian economies, Singapore, Hong Kong and Taiwan took the top positions by attracting and retaining high skilled workers, even though European nations have the higher footing in this regard.

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