2014 The Global Talent Competitiveness Index - Growing talent for today and tomorrow
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The Global Talent Competitiveness Index
2014
Growing talent for today and tomorrow
Bruno
Bruno Lanvin
Lanvin andand Paul
Paul Evans,
Evans, Editors
Editors
The Glob al Talent Competitiveness Ind ex The first edition of the Global Talent Competitiveness Index (GTCI) was published in November 2013. During the course of the past decade, INSEAD has developed two major global indices on Global Information Technology and on Innovation. The ambition of the GTCI is to be an action tool for continuous improvement in linking talent to economic development, and an instrument to stimulate dialogue between governments, business, academia, professionals and their associations, and citizens. With this second edition, the GTCI addresses the theme of ´Growing talent for today and tomorrow´. While higher level tertiary education has exploded over the last 20 years, responding to the needs of our knowledge-based world, basic education has to equip future generations with the needed interpersonal, digital and entrepreneurial skills. In the face of worrying unemployment (especially among younger generations) the concept of ‘employable skills’ is becoming central, triggering a necessary renaissance in vocational education and lifelong learning. GTCI covers national and organizational parameters and generates insights to inspire action. Based on feedback and further analyses following the release of GTCI 2013, this year’s index includes 65 variables (up from 45 last year). It covers 93 national economies, across all groups of income and levels of development, and has (1) four pillars on the input side - Enable, Attract, Grow and Retain – focusing on actions for policymakers and business leaders, and (2) two output pillars, benchmarking national performances in Labour/Vocational and Global Knowledge skills, respectively.
Competitiveness through talent in organisations & nations
For businesses as well as for national economies, talent has become the core currency of competitiveness. The
GTCI 2014 confirms the strong correlation (already observed last year) between economic performance on one
hand and the combination of vocational and global knowledge skills available locally on the other. Across all
income groups and levels of development, countries that focus systematically on talent competitiveness tend to
do better. Yet, there is no ‘one-size-fits-all’ approach to talent strategies, and each national context requires its
own ways of attaining the right mix and levels of vocational and global knowledge skills.
GTCI Scores versus GDP per capita
(For the full-sized chart, see GTCI 2013, pp. 24-25)
Highlights from the GTCI 2014 Edition
Focusing on the role of talent growth in enhancing national competitiveness, the GTCI 2014 underlines that:
• Openness is a key ingredient of talent competitiveness.
• Talent can be grown internally or externally, depending on the characteristics of the economy.
• Talent development is not an end in itself. It needs to be considered in the broader context of ‘talent for
growth’ – or in other terms employability, and ‘employable skills’.
• Talent development in the 21st century must be broadened beyond the traditional pillar of formal education,
in particular when it comes to developing vocational skills.
• Technological changes will affect new segments of the labour market, implying changes in the required
profile of employable skills.
The GTCI 2014 Ranking s – Top 20 As in 2013, the top of GTCI rankings is dominated by European countries, with only six non-European countries in the Top 20: Singapore (2), the United States (5), Canada (5), Australia (9). The GTCI 2014 champions include a significant number of small landlocked, island or quasi-island economies: Switzerland (1), Singapore (2), Luxemburg (3), Iceland (17). Faced with specific challenges (including a scarcity of raw materials), such economies developed socio-economic policies in which talent growth and management are central priorities. Larger economies figuring in this ‘Top 20 Rankings’ include countries with a strong immigration tradition and/or a longstanding reputation in higher education and a continuous attention to talent management: the United States (4), Canada (5), the United Kingdom (7) and Australia (9). Nordic countries can also be found in this high performance group reflecting a continuous priority to education and the human dimension of socio-economic policies, and a focus on innovation and entrepreneurial skills. They include Sweden (6), Denmark (8), Norway (11), Finland (13) and Iceland (17). Beyond the rankings While the index rankings are at the core of the GTCI report, the analytic chapters contribute further insights and complement the rankings by exploring critical aspects of talent competitiveness. The introductory chapter, written by the GTCI Team of INSEAD composed with the directors Professor Paul Evans and Dr Bruno Lanvin with Researcher Nabil Rasheed, provides background to this year’s report, as well as an examination of its key messages. It also includes annexes describing talent competitiveness performances for each of the income groups and regions of the 93 national economies covered by GTCI 2014. Six additional chapters, authored respectively by the Adecco Group, the Human Capital Leadership Institute (HCLI), OECD, Cisco Systems, the Colleges and Institutes Canada (CIC) and the Joint Research Centre (JRC) of the European Commission consider various aspects of talent growth, and the challenges of specific sectors or regions. The Joint Research Council of the EU, as the recognized world authority on Composite Models, has performed an in-depth audit of the GTCI model and methodology. As in 2013, the JRC chapter summarises the results of that audit (which confirms the robustness of the GTCI approach), and offers insights for possible further research in the area of talent competitiveness. Detailed country tables and data tables are also offered as part of the report, providing additional possibilities for researchers, policy makers and decision makers to deepen their own reading and analyses of GTCI data. The full report and its tables can be freely downloaded from the GTCI website at https://global- indices.insead.edu/gtci.
Partners, Contrib utors and Advisory Board
The GTCI Report is the result of a partnership between education, government and business: between INSEAD,
Singapore’s Human Capital Leadership Institute (HCLI), and Adecco. Our gratitude goes to the individuals and
institutions who enhanced our own thinking in the field of talent competitiveness by providing analytical
chapters to this first edition, namely the World Bank and the Conference Board. We also want to associate in
these thanks the Joint Research Centre of the European Commission (JRC), who performed a rigorous audit of the
GTCI model, including its structure, variables and analytical foundations. Finally, we are indebted to the
Advisory Board comprising of prominent individuals representing business, academia and international
organisations, whose support was vital for the inaugural edition.
Talal Ab u-Ghazale h Thie rry Breto n Pe ter Capp elli
Founder and Chairman Chairman & CEO George W. Taylor
Talal Abu-Ghazaleh Atos Origin Professor of Management;
Organization Former Minister of Director, Center for Human
(TAG-Org) Finance, France Resources, Wharton,
University of Pennsylvania
Yo ko Ishikura Mats Karlsson A rnoud De Meyer V inee t Nayar
Professor Director President Vice Chairman
Graduate School Center for Mediterranean Singapore Management HCL Technologies
of Media Design, Integration, University Founder, Sampark
Keio University World Bank Foundation
Opportunities for Future Partnerships
INSEAD and its existing partners welcome future partners. The GTCI’s partners believe in the role of talent in
increasing the competitiveness of countries.
All partners would be invited to contribute analytical chapters or case studies to the GTCI Report, and to
participate in the discussion and dissemination of results and are acknowledged by the inclusion of their logo on
the cover and all relevant documents produced.
Contacts
Professor Dr Paul Evans, Academic Director GTCI paul.evans@insead.edu
Dr Bruno Lanvin, Executive Director GTCI bruno.lanvin@insead.edu
As one of the world’s leading and largest graduate business schools, INSEAD brings together people, cultures
and ideas to change lives and to transform organisations. A global perspective and cultural diversity are reflected
in all aspects of its research and teaching. INSEAD became a pioneer of international business education with
the opening of the Fontainebleau campus in Europe in 1959.
With campuses in Europe (France), Asia (Singapore) and Abu Dhabi (Middle East), INSEAD’s business education
and research spans three continents. Its 150 renowned Faculty members from 34 countries inspire more than 1,400
degree participants annually in our MBA, Executive MBA, Specialised Master’s degrees and PhD programmes.
In addition, more than 11,000 executives participate in INSEAD’s Executive Education programmes each year. In
addition to INSEAD’s programmes on our three campuses, INSEAD participates in academic partnerships in the
US, Brazil and China, and is a founding member in the multidisciplinary Sorbonne University created in 2012.
Around the world and over the decades, INSEAD continues to conduct leading-edge research and to innovate
across all our programmes to provide business leaders with the knowledge and sensitivity to operate anywhere.
These core values have enabled INSEAD to become truly “The Business School for the World”. For more
information, please visit http://global-indices.insead.edu/
The Human Capital Leadership Institute (HCLI) is an aggregator and neutral player in the human capital
ecosystem. HCLI offers the unique ability to bring together multiple perspectives and voices from business,
government and academia, offering thought leadership and insights on understanding Asia, successfully doing
business in Asia and its implications on leadership and human capital strategies for Asia. Through its efforts, the
Institute aims to develop global leaders with a strong understanding of leading in Asia, as well as to build Asian
leaders with the ability to lead on the global stage.
HCLI is a strategic alliance between the Singapore Ministry of Manpower (MOM), Singapore Economic
Development Board (EDB) and Singapore Management University (SMU). For more information, please visit
http://www.hcli.org/
The Adecco Group, based in Zurich, Switzerland, is the world’s leading provider of HR solutions. With
approximately 32,000 FTE employees and around 5,100 branches in over 60 countries and territories around the
world, Adecco Group offers a wide variety of services, connecting more than 650,000 associates with its clients
every day. The services offered fall into the broad categories of temporary staffing, permanent placement,
career transition and talent development, as well as outsourcing and consulting.
Through the everyday passionate commitment of the Adecco people and global projects such as Way to Work,
the Athlete Career Programme and the Global Talent Competitiveness Index, Adecco inspires individuals and
organisations to work more effectively and efficiently. It creates greater choice in the domain of work, for the
benefit of all concerned.
As the global leader in HR services, Adecco is aware that traditional patterns of employment will continue to
evolve in the years to come. Adecco therefore encourages present and future generations to see change as
opportunity and to accept tomorrow’s challenges with confidence, joining the Company in shaping the future
of the workplace.
The Adecco Group is a Fortune Global 500 company. Adecco S.A. is registered in Switzerland and listed on the
SIX Swiss Exchange. For more information, please visit http://www.adecco.com/
For the full report, please visit: http://global-indices.insead.edu/gtci/
For the full report, please visit: http://global-indices.insead.edu/gtci/
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