Global Talent Competitiveness Index 2019(GTCI)

Global Talent Competitiveness Index 2019(GTCI)

Key Points:

  • Name of the index: Global Talent Competitiveness Index 
  • Index prepared by Adecco Group, together with international business school INSEAD and Tata Communications 
  • Released during the first day of the 48th World Economic Forum annual meeting in Davos, Switzerland 
  • Importance of Index: Global Talent Competitiveness Index is a comprehensive annual benchmarking measuring how countries and cities grow, attract and retain talent. 
  • First rank in GTCI - Switzerland 
  • Rank of India in GTCI-80
  • Previous rank of India-81

Key Findings

  • The report examines levels of Global Talent Competitiveness looking at 68 variables. This year’s index covered 125 national economies and 114 cities across all groups of income and levels of development.
  • The statistical correlation between income per capita and talent performance remains high, while some regions seem to be facing issues till now.
  • The report has a special cornerstone on entrepreneurial talent - how it is being encouraged, nurtured and developed throughout the world and how this affects the relative competitiveness of different economies.
  • It also discloses that cities rather than countries are developing stronger roles as talent hubs and will be crucial to reshaping the global talent scene.
  • This growing importance of cities is due to their greater flexibility and ability to adapt to new trends – as nimble economic units where policy can be changed more swiftly, cities are thus more Irresistible for talent, especially entrepreneurial talent.
  • The gap separating the talent champions across the rest of the global community has been growing.
  • Talent competitiveness has been strengthening in group of countries where it is already comparatively high and weakening in those where it is relatively low.
  • Top ranked countries :
    1. Switzerland (Score – 81.82)
    2. Singapore (77.27)
    3. United States of America (76.64)
    4. Norway (74.67)
    5. Denmark (73.85)
  • Top ranked cities :
    1. Washington, DC (US) (69.2)
    2. Copenhagen (Denmark) (68.0)
    3. Oslo (Norway) (66.1)
    4. Vienna (Austria) (65.7)
    5. Zurich (Switzerland) (65.5)

India Specific Findings

  • India is ranked at the 80th position.
  • India moved one position up on the index.
  • A/c to the report, India's biggest challenge is to improve its ability to attract and retain talent.
  • There is also need to address its poor level of Internal Openness in particular with respect to weak gender equality and low tolerances towards minorities and immigrants—and it’s disappointing showing in lifestyle indicators.
Read the complete list of interpretation reports and ranking of India here
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