The Global Talent Competitiveness Index (GTCI) is an annual benchmarking study conducted by INSEAD measuring the ability of countries to compete for talent. The GTCI ranks over 100 economies according to their ability to develop, attract and retain talent. The report was presented last week at Davos, Switzerland.
This year, the theme of the report is Talent Attraction and International Mobility and addresses the undeniable correlation between a country’s economic prosperity and its ability to attract creative talent.
The report identifies eight key findings that will shape the future policies of countries and businesses around the world. Specifically, mobility and management practices play an ever increasing role in the development and retention of talent, more and more jobs will be automated causing people to move to find jobs and a large gap of vocational skills is emerging that will drive training and educational investment.
This year's theme of 'Talent Attraction and International Mobility' focuses on findings linked to the significant correlation between movement of talent and economic prosperity. Mobility is vital to fill skill gaps; and a high proportion of innovative, entrepreneurial people were born or studied abroad. It is hence not surprising that top ranking countries have positioned themselves as desirable destinations for high-skilled workers.