Wednesday, October 27, 2021

g-f(2)608 THE BIG PICTURE OF THE DIGITAL AGE (10/27/2021), Insead Knowledge, The World’s Most Talent Competitive Countries, 2021

ULTRA-condensed knowledge

"g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital ageDigital Transformation, The World’s Most Talent Competitive Countries (10/27/2021)  g-f(2)426 

Lessons learned, Insead Knowledge 

  • The top 20 countries in this year’s rankings are high-income economies that perform well across both the input (like education) and output (like employability) pillars of the GTCI model. The adoption of collaborative tools had begun pre-Covid in these leading nations.
  • This year sees stability at the top of the rankings once again. Switzerland (1) leads the pack for the eighth time, with impressive performance in nearly all aspects of talent competitiveness. It is followed by Singapore (2), excelling once again in many areas bar its ability to retain talent. The United States (3) leads the world in talent growth, especially when measuring lifelong learning.
  • Denmark (4) is strongest in talent impact, with a high degree of entrepreneurship and innovation. The only country that performs very well in all the GTCI pillars is Sweden (5), with its lowest performance in employability. The open labour landscape and growth opportunity access help the Netherlands (6) to enable and grow talent.
  • Finland (7) is outstanding in its matching of workers’ education and skills with the needs of the economy. Tiny Luxembourg (8) is the global best in external openness. An impressive social welfare system and a high level of personal rights and safety boost Norway (9). Iceland (10) has the world’s foremost talent pool of global knowledge skills.
  • Europe continues to dominate the top of the GTCI rankings, with France (19) entering the top 20 for the first time. Australia (11), Canada (13), New Zealand (15) and Japan (20) remain near the top of the list, as in previous years.

                      Genioux knowledge fact condensed as an image

                      The World's Most Talent Competitive Countries, 2021


                      The World’s Most Talent Competitive Countries, 2021Felipe Monteiro, INSEAD Senior Affiliate Professor of Strategy, and Bruno Lanvin, INSEAD Distinguished Fellow | October 19, 2021, Insead Knowledge.

                      Extra-condensed knowledge

                      Lessons learned, Insead Knowledge

                      • The pandemic revealed strengths and weaknesses in how nations develop and retain talent.
                      • As Covid swept across the world, nations had very different responses to how their economies should continue to function. Some tethered workers to their employers with furlough programmes; others hoped for the best. How governments responded (or didn’t) had an enormous impact on their citizens’ physical and economic health. And, of course, talent competitiveness is one of many areas that felt the immediate and sudden change.
                      • Covid generated a series of shockwaves across the global talent landscape. Naturally, the international mobility of talents has been redefined by the pandemic. 

                      Condensed knowledge

                      Lessons learned, Insead Knowledge

                      • “Talent Competitiveness in the Time of Covid” is the theme of this year’s Global Talent Competitiveness Index (GTCI). Decision makers need quantitative tools to benchmark talent management and talent competitiveness efforts across different socioeconomic environments. The GTCI addresses this challenge by providing a composite view of talent competitiveness applicable to 134 countries this year.
                      • While it is certainly too early to fully assess the effects of the pandemic on the global talent landscape, evidence from this year’s GTCI shows that such effects have been deep and will reverberate for a decade.
                      • Pandemic-caused disruptions in schooling have created a significant and worrying dent in the path of many poorer regions to escape the trap of underdevelopment. There is, however, encouraging news as some middle-income economies show significant progress and dynamism, notably China (37) and Russia (45).
                      • The talent landscape has been transformed as completely new ways of organising work emerged. Most employees want the future of work to be hybrid as they value their personal safety and quality of life. Organisations will need to offer flexibility and provide different working models to keep the best talent.
                      • Talent mobility within companies will also be different in the future. Multinational organisations are rethinking their relocation and expatriation strategies for high potentials. Overall, we believe those organisations that focus on outcomes and flexibility will attract the best and the brightest.

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                      • Category 2: The Big Picture of the Digital Age
                      • [genioux fact deduced or extracted from Insead Knowledge]
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                        • Inherited from sources + Supported by the knowledge of one or more experts.


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