Singapore has retained the top spot in Asia Pacific for the third consecutive year in the Global Talent Competitiveness Index, an annual benchmarking study measuring the ability of countries to attract talent, INSEAD Asia said.
INSEAD business school published the annual study based on research in partnership with the Adecco Group and the Human Capital Leadership Institute of Singapore.
The latest report, with the theme of “Talent Attraction and International Mobility”, focuses on findings that build upon the significant correlation between movements of talent and economic prosperity.
The top three countries in Asia Pacific have all demonstrated openness in their economies to attracting talents, INSEAD said.
Singapore has close to 43 percent of its population born abroad, while New Zealand and Australia have approximately 17 percent, according to the report.
“Asian countries are historically seen as talent exporters,” INSEAD dean Ilian Mihov said.
“However, this year’s report highlights the increasing trend of talent relocating to this part of the world, including a key finding that jobs are moving to where talent is, such as China, South Korea, the Philippines and Vietnam.”
The report found Singapore has shown exemplary performance, being consistently ranked top of this region.
Still, the city state has room for improvement in terms of tolerance to migrants, empowerment of employees, and increasing the pool of vocationally trained people, it said.
The top three countries ranked on talent competitiveness are unchanged from 2014, with Switzerland at number one, followed by Singapore and Luxembourg.
Rounding out the top 10 were the United States, Denmark, Sweden, Britain, Norway, Canada and Finland.
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