Улаанбаатар
Mongolia ranked 63rd at IMD World Talent Ranking 2020
Society
Ulaanbaatar /MONTSAME/ IMD’s World Talent Ranking 2020 released Thursday, November 12. Switzerland leads the way for the fourth year in a row, Denmark is 2nd and Luxembourg 3rd in the IMD World Talent Ranking 2020.
Switzerland was praised for its high-quality education system and focus on apprenticeships, as well as its ability to attract overseas professionals with high living standards and strong pay packets. Denmark, meanwhile, performed well for its emphasis on equal opportunity across society, and Luxembourg ticked up followed sustained investment in its workforce over recent years.
Here are the top 10 countries on the list of 63
markets, which was heavily led by Western Europe.
1. Switzerland
2. Denmark
3. Luxembourg
4. Iceland
5. Sweden
6. Austria
7. Norway
8. Canada
9. Singapore
10. the Netherlands
Among the bottom 10 countries were: Mongolia, Russia, Bulgaria, Mexico, Romania, Colombia, Brazil, Venezuela, Slovak Republic, with India coming out last in the ranking.
The Institute for Management Development’s World Competitiveness Center take a three-pronged approach in measuring talent in economies. The Investment & Development factor measures the resources earmarked to cultivate a homegrown workforce. The Appeal factor evaluates the extent to which an economy attracts foreign and retains local talent. And the Readiness factor measures the quality of the skills and competencies that are available in a country’s talent pool.
source: imd.org
