The report includes a talent ranking for the 61 countries that are part of the IMD World Competitiveness Yearbook 2015 and assesses countries on three aggregated factors: investment/development, appeal and readiness. The first factor takes into account the investment in and development of home-grown talent. The appeal factor goes beyond the focus on the local labour force to incorporate the ability of a country to tap into the overseas talent pool. The readiness factor looks at the context of the talent pool. It considers the growth of the labour force and the quality of the skills available.
Director of Invest in Denmark, Dorte Bech Vizard, welcomes the report:
“Access to skilled labour is often a key reason foreign companies choose Denmark. The well-educated, self-managed and top-motivated Danish labour force is an asset to any company, whether it is for R&D activities, a Nordic HQ or advanced production. My hope is that the new IMD report will help Denmark attract even more talents and foreign companies.”
Like last year, Denmark is only beaten by Switzerland. Overall, Europe emerges as a major source of business talent with eight countries in the top 10.
Skilled labour and high worker motivation
Denmark’s high ranking within development of talent is linked to a high commitment to invest in education, leading both in expenditure on education and employee training.
When it comes to attracting talent, the high quality of life and security in Denmark are major assets. The Danish talent base is also nurtured by a strong focus on attracting and retaining talent in companies and a high degree of worker motivation.
Last but not least, Denmark excels with easy access to skilled labour and language and finance skills.
The report indicates that the key attribute among all the countries that rank highly is agility. This is shown in their capacity to adopt and shape policies that preserve their talent pipeline, which in turn makes them talent-competitive. These countries have consistently achieved a positive balance between encouraging local talent and tapping into top talent from other countries.
About the IMD World Talent report
The IMD World Talent report includes a talent ranking for the 61 countries that are part of the IMD World Competitiveness Yearbook 2015 and assesses countries on three aggregated factors; investment/development, appeal and readiness. These three factors are derived from a much broader range of indicators, such as education, employee training, cost of living, worker motivation, quality of life, language skills, remuneration and tax rates.
Download the full report here.