Third best business talent hotspot
Luxembourg is the third best country in the world for developing, attracting and retaining talent to satisfy corporate needs, a report by the think tank IMD has found.
“The key attribute among all the countries that rank highly in our standings is agility, as shown in their capacity to shape policies that preserve their talent pipeline,” remarked Professor Arturo Bris, Director of IMD’s World Competitiveness Centre, which carried out the study.
The findings are contained in IMD’s World Talent Report, with rankings based on 20 years of data, including a survey of more than 4,000 executives in the 61 countries covered by the study. The research focuses on three main categories: investment and development of talent; the ability to attract foreign talent; and the availability of skilled labour. Scores are derived from factors which include education, apprenticeship, employee training, brain-drain, cost of living, worker motivation, quality of life, language skills, and remuneration and tax rates.
Switzerland came top of the ranking, followed by Denmark and the Grand Duchy, all ahead of the likes of the Netherlands (5th), Germany (7th), the USA 14th, the UK 21st and France 27th. A lot of progress has been made by Luxembourg in recent years, with the country rising from 19th spot in 2005.
Source: IMD (2015)
