Countries that make it easy for people to move across borders are more likely to attract global talent, according to the latest edition of the Global Talent Competitiveness Index. The report is based on research conducted by INSEAD of Fontainebleau, France, with the Adecco Group and the Human Capital Leadership Institute of Singapore.
In the 2016 edition, Switzerland, Singapore, and Luxenbourg are identified as the top three countries in the world when it comes to attracting talent. Rounding out the top ten are the U.S., Denmark, Sweden, the U.K., Norway, Canada, and Finland.
The report highlights the link between the 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,” according to the report's announcement. “Top ranking countries have positioned themselves as desirable destinations for high-skilled workers.”
One key takeaway is that countries must manage what co-editor Bruno Lanvin calls the “new dynamic of ‘brain circulation.’” Lanvin, also executive director of global indices at INSEAD, adds, “While the temporary economic mobility of highly skilled people may initially be seen as a loss for their country of origin ... this translates into a net gain when they return home. The way in which Taiwan built its world-class electronics industry, through returnees from Silicon Valley, is a model that many look to emulate.”
For information on the Global Talent Competitiveness Index and to read the full report, visit global-indices.insead.edu/gtci