The latest World Talent Ranking by Swiss business school IMD, declared Singapore to be Asia’s most talent-competitive economy in 2015.
Singapore was ranked 10th among 61 economies worldwide judged on how they best develop, attract and retain talent based on following three categories: “investment and development”; “appeal”; and “readiness”. The categories are summed by a broader range of factors including education, apprenticeship, employee training, brain-drain, cost of living, worker motivation, quality of life, language skills, remuneration and tax rates.
Singapore was second in 2008, and then slipped in rankings in 2013 and 2014. It is the only Asian country in the top ten this year.The next Asian country after Singapore is Hong Kong, at twelfth place.
Singapore is ranked especially low in public expenditure on education (56), pupil-teacher ratio in primary schools (44) and female labour force (35).
Switzerland topped the rankings again, followed by Denmark, Luxembourg, and Norway.
Source: IMD World Talent Report 2015