IMD World Talent Ranking 2022

Figure 1: Evolution of average talent performance between 2018 and 2022 by subregion. Source: IMD (2022)

Figure 2: Average talent competitiveness factor ranking by region in 2022. Source: IMD (2022)

0

6 0

Investment & Development

Appeal

Readiness

10

5 0

16

17

19

20

20

4 0

25

27

29

29

31

30

32

3 0

33

34

36

37

42

40

2 0

43

43

Average Factor Ranking

45

45

49

52

50

52

1 0

54

54

60

0

Eastern Asia

Eastern Asia

Eastern Asia

North America

North America

North America

South America

South America

South America

Eastern Europe

Eastern Europe

Eastern Europe

Western Europe

Western Europe

Western Europe

Western Asia & Africa

Western Asia & Africa

Western Asia & Africa

Ex-CIS and Central Asia

Ex-CIS and Central Asia

Ex-CIS and Central Asia

Southern Asia & the Pacific

Southern Asia & the Pacific

Southern Asia & the Pacific

outlining the attractiveness of the USA and Canada for the international talent pool of highly skilled profes sionals that the region manages to retain. The weaknesses we have discussed in previous editions of the WTR with respect to the performances of Eastern Europe and Southern Asia & the Pacific remain: Eastern European economies place a strong emphasis on education and the development of local talent (in the Investment & Development factor, it was third out of eight subregions). However, they are not able to retain that talent nor to appeal to the international talent pool for their talent needs (hence: Appeal factor, sixth; Readiness factor, sixth). By comparison, the Southern Asia & the Pacific subregion performs below average in the development of local talent (Investment & Development factor, sixth). The

fact that the subregion manages to attract highly skilled talent from the international talent pool (Appeal, third) safeguards the skills and competences that are needed in the local job market of these economies (Readiness, fourth). Both subregions (Eastern Europe and Southern Asia & the Pacific), however, fail to balance developing and retaining their domestic talent with enticing an international talent pool. Being able to do so is a huge enable for talent competitive regions. South America and Ex-CIS & Central Europe show the lowest performances Overall and across the three factors. The former has particularly difficult issues in terms of its local talent development and the readiness of its talent pool (Investment & Development, eight; Readiness, eighth) while the latter fails to attract overseas talent to support its economies (Appeal, eighth).

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