What’s the state of investment and development in home-grown talent? How much does a country appeal to talent? And what degree of skills and competencies exist in the talent pool? The comprehensive World Talent Ranking study seeks to answer these questions by combining statistical data from various sources, such as the International Labor Organization (ILO), and 6,612 responses from the IMD World Competitiveness Center’s Executive Opinion Survey 2024, conducted between March and May.
Scoring countries’ development, retention and attraction of a domestic and international highly-skilled workforce, the authors determine how well they are achieving long-term value creation. Among the main factors considered in attracting and keeping talent are investment and development, appeal and readiness.
According to the 11th edition of the IMD Swiss Business School’s global talent ranking, the best-placed countries in this year’s ranking were Switzerland (1st), Singapore (2nd) and Luxembourg (3rd). Switzerland, in first place, remained at the top. Singapore had one of the best performances, rising from 8th place last year to second place.
This year’s study also investigated the impact of artificial intelligence on the job market and work environment. One of the key points raised is that the impact of AI on work varies significantly between high- and low-income economies. According to the study, in high-income countries, 5.5% of jobs are at risk of automation by AI, while this rate is only 0.4% in low-income countries.
AI, according to the study, can also present gender disparities, because women are twice as likely to lose their jobs to automation compared to men, especially in sectors dominated by women, which could jeopardize decades of progress in terms of female inclusion in the labor market.
The report also highlights that the adoption of AI could increase social exclusion, especially in economies where the replacement of human labor by AI is more pronounced. A worrying fact, according to the research, is that countries with greater automation have experienced a drop in the “absence of discrimination” index, which reflects an increase in social exclusion. This exclusion, says the report, directly affects the competitiveness of talent, as economies that are unable to offer an inclusive environment find it more difficult to attract and retain highly qualified professionals.
—
Source: World Talent Ranking 2024 | Valor Econômico
