‘Nation among top in world for attracting, retaining talent’

The country has moved up one notch to second place in a global ranking of how well countries attract, develop, support and retain talent – behind Switzerland but ahead of the United States.

The yearly global talent competitiveness index, which covers 134 countries, is published by French business school Insead and non-profit research body Portulans Institute.

In the same index for cities, Singapore ranked seventh, down from third last year but still the only Asian city in the top ten.

San Francisco topped the city index, followed by Geneva, Boston and Zurich.

For the country ranking, Singapore made it to top three in four of the six criteria, which encompass enabling, attracting, growing and retaining talent, vocational and technical skills, and global knowledge skills.

It also excelled in global knowledge skills, and has one of the world’s best pools of vocational and technical skills which help it’s ability to match labour market demand and workforce supply.

“However, the city state’s ability to retain talent remains its main weakness, and more needs to be done to improve issues related to both sustainability and lifestyle,” the study said. — The Straits Times/ANN

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