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2023 Talent Ranking
The IMD World Talent Ranking evaluates the capacity of an economy to develop the skills and competences of its domestic talent and, at the same time, to appeal to the international talent pool so it satisfies the local market’s employment demand and enhances its overall competitiveness.
The ranking studies 63 economies by quantifying 31 criteria that are allocated to one of three factors
The Investment & Development factor considers the domestic resources committed to cultivate homegrown talent. The Appeal factor evaluates the ability to attract and retain talent from both the international and domestic markets. And the Readiness factor quantifies the quality of the available skills and competences in the talent pool.
Methodology in a nutshell
The IMD World Talent Ranking (WTR) assesses the status and the development of competencies necessary for enterprises and the economy to achieve long term value creation. It does so by using a set of indicators which measure the development, retention and attraction of a domestic and international highly-skilled workforce.
Based on our research, the methodology of the World Talent Ranking defines Talent Competitiveness into three main factors:
- Investment and Development
These 3 factors comprise 31 criteria, although each factor does not necessarily have the same number of criteria (for example, it takes more criteria to assess Readiness than to evaluate Investment and Development).
Each factor, independently of the number of criteria it contains, has the same weight in the overall consolidation of results that is 1/3 (3×33.3 ~100).
Criteria can be hard data, which analyze talent development as it can be measured (e.g. Total Public Expenditure on Education) or soft data, which analyze the quality of these investments as they can be perceived (e.g. Management Education).
Finally, to compute the overall World Talent Ranking, we aggregate the criteria to calculate the scores of each factor which function as the basis to generate the overall ranking.
Research Department, Faculty of Economic Sciences Catholic University of Argentina, Buenos Aires
Dr. Carlos Newland, Dean
Dr. Marcelo F. Resico, Senior Economist
Ariana Barni, Research Assistant
CEDA – Committee for Economic Development of Australia
Jarrod Ball, Chief Economist
Roxanne Punton, Director, Communications
Federation of Austrian Industries, Vienna Austrian Institute of Economic Research, Vienna
Univ.-Prof. Dr. Christian Helmenstein, Chief Economist
Michael Oliver, Economist
Ministry of Finance and National Economy
Osama Al Alawi, Assistant Undersecretary of Competitiveness & Economic Indicators