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Global Talent Competitive Index

Context: Global Talent Competitive Index (GTCI) for 2019 has been released.

Background:

  • GTCI, launched in 2013, is an annual benchmarking report that measures the ability of countries to compete for talent.
  • It is released by INSEAD business school in partnership with Tata Communications and Adecco Group.
  • The report measures levels of Global Talent Competitiveness by looking at 68 variables such as ease of hiring, gender earnings gap, and prevalence of training in firms.

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Uniqueness of this year’s report:

  • This year’s report has a special focus on entrepreneurial talent – how it is being encouraged, nurtured and developed throughout the world and how this affects the relative competitiveness of different economies.
  • The report also reveals that cities rather than countries are developing stronger roles as talent hubs and will be crucial to reshaping the global talent scene.

India’s performance:

  • India remains the laggard in the BRICS (Brazil, Russia, India, China and South Africa) region and was ranked 80.
  • It performs better than its lower-income peers when it comes to growing (48th) talent, primarily by virtue of the possibilities for Lifelong Learning (38th) and Access to Growth Opportunities (41st).
  • An above-average Business and Labour Landscape (38th) and Employability (34th) raise the scores of the pillars related to Enable (70th) and Vocational and Technical Skills (72nd) that are otherwise hampered by the remaining sub-pillars.
  • Notwithstanding the scope for improvement across the board, India’s biggest challenge is to improve its ability to Attract (95th) and Retain (96th) talent.
  • Above all, there is a need to address its poor level of Internal Openness (116th)—in particular with respect to weak gender equality and low tolerances towards minorities and immigrants—and its disappointing showing in Lifestyle indicators.

Global findings:

In this sixth edition, Switzerland continues to lead the 2019 Global Talent Competitiveness index, while Singapore and the United States come in second and third respectively.

Yemen has finished at the bottom of this year’s index at 125th, just below Congo (124th) and Burundi (123rd).

Current Affairs 2020

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