Portugal climbed two places on the World Talent Ranking. Our country now occupies 24th place in the ranking, after two years in 26th place. Data comes from the World Talent Ranking ( IMD World Rankings of Talents ), which also shows that Portuguese companies and the Portuguese economy are ahead of Spain and Italy, at 32nd and 36th respectively.
For the 2022 edition of the IMD World Talent Ranking, 63 countries were considered, analyzing the development of companies and the economy. That is, a way to assess the maturity of these countries through the creation of long-term value through their workforce.
The three main indicators analyzed were “attractiveness”, or the ability to attract foreign talent while still retaining local talent; “investment and development”, or the resources devoted to cultivating a local workforce, and “preparedness”, which translates to the quality of skills and competencies available in a country’s talent pool.
In “investment and development”, Portugal has moved up three places, from 25th to 22nd. On this indicator, this is our best position since 2018
The best place is assigned to the “preparation” indicator. Our country ranks 19th and the results of sub-indicators such as “Skilled Labor, Language Knowledge, University Education“, among others.
Already at the worst position is “attractiveness”, which has dropped 10 places since last year. Portugal now ranks 40th on this indicator.
At the top of the World Talent Ranking is Switzerland, which is in first place for the sixth consecutive year.
Sweden, Iceland, Norway and Denmark follow. It should be noted that Iceland jumped from 16th to third place in 2018 and remains there until now.
As the report points out, “pre- and post-pandemic brain drain patterns have not been very detrimental to the talent competitiveness of countries that have managed to increase their attractiveness”. An example of this statement is Saudi Arabia, which ranks 30th (up eight places from last year) and was the economy that increased the attraction to talent the most between 2019 and 2022.
The US (which ranks 16th after losing two positions), Canada, the United Arab Emirates, Denmark, New Zealand, Hong Kong, Indonesia, South Africa and Venezuela present the largest declines in their way of to attract talent.
“The competitiveness of talent in the post-covid period strongly depends on the motivation level of the workforce, which in turn depends on compensation, but also on the quality of life and organizational leadership of the economy,” said Christos Cabolis, chief economist of the WCC (World Competitiveness Centre).
The attractiveness of an economy to skilled labor has been measured by researchers through factors including, but not limited to, fees, taxes, cost of living, and education system, as well as the economy’s position on environmental issues and a fair legal system , he explains. World ranking of talents.
“National education systems will be less important in determining the quality of the talent pool in the future. This is the result of globalization. Indirectly, quality of life and economic sustainability will also determine the quality of the talent pool. There will be winners and winners, losers,” said Arturo Bris, director of the World Council of Churches.
Mónica Costa is a journalist for Dinheiro Vivo
Source: DN
