IMD World Talent Ranking 2020

effectiveness of primary and secondary education declines to 51 st and graduates in sciences to 34 th , while the indicator of how well management education satisfies the demands of the economy remains at 50 th . Brazil displays a slight improvement in the overall talent ranking moving up to the 59 th rank (from 61 st ). This positive shift is mainly driven by its performance in appeal. The improvement in the latter factor is largely the result of increases in indicators including the level of worker motivation, quality of life and the attractiveness of the country for foreign highly-skilled labor (although they continue to rank low: 41 st , 56 th and 57 th ). Despite drops in investment and development and readiness, there are some improvements within both factors. Female participation in the workforce (37 th ) and the effectiveness of the health system (53 rd ) improve in investment and development. In the case of readiness, graduates in sciences (54 th ) and PISA educational assessment (54 th ) slightly improve. Venezuela advances to 60 th position (from 62 nd ) largely due to a slightly positive turn in executives’ opinions. For example, it improves in the implementation of apprenticeship programs (39 th ), employee training as priority of the private sector (48 th ), level of worker motivation (59 th ) and the availability of language skills (58 th ). While female participation in the labor-force also improves (48 th ) and the pollution indicator remain at 38 th , the effectiveness of the health infrastructure and the quality of life remain at the bottom of the ranking. The Slovak Republic drops from 57 th position to 61 st . This down shift results partially from declines in the investment and development factor (from 47 th to 49 th ) and the readiness factor (from 59 th to 61 st ). Although it performs relatively high in measures of public expenditure (43 rd as a percentage of GDP and 37 th per student) and the quality of the education system (44 th in primary education and 40 th in secondary), the country’s implementation of apprenticeship Earlier this year, we published the IMD World Digital Ranking in which we pointed out that countries that sustain their digital progress, are those that enjoy the flexibility and adaptability of not only the private sector but also of individuals. Moreover, we indicated that it was such flexibility and adaptability in terms of upcoming technologies that may enable societies to overcome the current crisis. This finding can be echoed in terms of talent. Companies that are flexible in relation to work practices (e.g., working from home) and are adaptable in how they employ their available talent (e.g. redeploying available skills and competencies to new services such as online) under constantly changing circumstances are coping better in the current context. It is also important to note that such Concluding remarks

schemes ranks 63 rd and the prioritization of the workforce training is at 62 nd .

Similarly, several measures of appeal rank extremely low including the prioritization of attracting and retaining talent (62 nd ), worker motivation (63 rd ) and the impact of brain drain (61 st ). With few exceptions, measures of readiness slightly drop including the availability of finance skills (61 st ) and the effectiveness of primary and secondary education (61 st ). Nevertheless, there are some positive signs in readiness. Graduates in science moves up one rank to 40 th position, the availability of language skills goes up to 51 st (from 54 th ) and the PISA educational assessment from 38 th to 36 th . India declines to 62 nd position (from 59 th ). It remains at the 63 rd rank in investment and appeal, slightly improves in appeal to 55 th (from 57 th ) and remains in 25 th place in readiness. Although total public expenditure on education as a percentage of GDP ranks at 35 th , expenditure per student - as well as both measures of the quality of education (pupil-teacher ratio in primary and secondary school) - rank at 62 nd . The implementation of apprenticeship schemes and employee training decline (35 th and 44 th , respectively). In addition, while the country’s attractiveness for overseas highly-skilled personnel (46 th ), quality of life (52 nd ) and the implementation of justice (34 th ) drop, pollution remains at 61 st . The availability of skilled labor drops (22 nd ) as well as the availability of senior managers with a significant international experience (41 st ), the effectiveness of university education (45 th ) and graduates in sciences (6 th ). Mongolia remains in 63 rd with several indicators ranking below 60 th including quality of life (61 st ), effective personal income tax rate (63 rd ), the availability of skilled labor (63 rd ) and of finance skills (62 nd ). Nevertheless, it experiences some improvements in employee training (9 th ), the effectiveness of its health infrastructure (54 th ), female participation in the workforce (26 th ) and graduates in sciences (28 th ). enterprises are able to sustain a good level of motivation among their staff. The latter is fundamental for maintaining productivity and thus creating a smoother transition to a post-COVID-19 environment. There is the risk that in a post-crisis context countries decide to turn inwards in their efforts to revitalize their economies. In other words, some countries may experience a downturn in their openness. It is thus essential to note that openness is a fundamental input to talent competitiveness not only for aspects related to the attraction of overseas staff but also retaining local talent. Importantly, talent competitiveness may be a fundamental component for economic recovery in a post-COVID era.

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IMD WORLD TALENT RANKING 2020