Global Talent Competiveness Index (GTCI)

Global talent competiveness index

Question: Consider the following statements regarding Global Talent Competiveness Index (GTCI):
1) Singapore has topped the list in this year’s index.
2) India secured the 80th rank in Global Talent Competiveness Index (GTCI) 2019.
3) This is the sixth edition of the GTCI and measures and ranks countries based on their ability to grow attract and retain talent.
Choose the correct option/s of the following:
(a) Both 1 and 2
(b) Both 2 and 3
(c) Only 1
(d) All of the above
Answer: (b)
Related facts:

  • India has secured 80th rank in Global Talent Competiveness Index (GTCI) 2019.
  • This index is published annually since 2013, by INSEAD business school, TATA communications and the Adecco group.
  • This is the second year of TATA communications in doing the ranking.
  • This is a comprehensive annual benchmarking measuring how countries and cities grow, attract and retain talent, providing a unique resource for decision makers to understand the global talent competitiveness picture and develop strategies for boosting their competiveness.
  • Switzerland followed by Singapore, the US, Norway and Denmark were the top five on the list.
  • This is the second year of TATA communications in doing the ranking.
  • According to report, India’s biggest challenge is to improve its ability to attract and retain and retain talent. It further added, there is a need to address its poor level of Internal Openness in particular in particular with respect to weak gender equality and low tolerances towards minorities and immigrants- and its disappointing showing in lifestyle indicators.

Global Talent Competiveness Index (GTCI)

  • The report measures levels of Global Talent Competiveness by looking at 68 variables.
  • 2019 index covers 125 national economies and 114 cities across all groups of income and levels of development.
  • The report Global Talent Competiveness Index (GTCI) takes a close look at entrepreneurial talent- who has it and how to encourage it.
  • In this sixth edition, Switzerland (scored 81.82) continues to lead the 2019 GTCI while Singapore and The United states comes in second and third respectively as they did in 2018.
  • The top three is followed by Scandinavian countries, Norway (4th), Denmark (5th), Finland (6th) and Sweden (7th).
  • China is the best performer among BRICS nations, and secured 45th rank.
  • Yemen was at bottom in the list this year and placed at 125th spot just below Congo and Burundi.

Outcomes of report:

  • The highest-ranking countries and cities tend to be most open to entrepreneurial talent.
  • Digitalization and globalization are increasing the role of entrepreneurial talent.
  • Top ranked city this year is Washington, DC followed by Copenhagen, Oslo, and Vienna and Zurich.
  • The main finding is that the gap separating the talent champions from the rest of the global community has been growing.
  • This edition of the GTCI the topic of entrepreneurial talent competiveness and attempts to identify the way in which large and small firms, nations, and cities can foster entrepreneurial talent in the era of digital transformation.

Links:
https://www.insead.edu/news/2019-global-talent-competitiveness-index-nurturing-entrepreneurial-talent-identified-as-key-to-competitiveness
https://gtcistudy.com/wp-content/uploads/2019/01/GTCI-2019-Report.pdf
https://www.thehindubusinessline.com/economy/india-ranks-80th-on-global-talent-competitive-index-2019/article26059571.ece

Leave a Reply

Your email address will not be published. Required fields are marked *

Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.