Singapore has held its spot as one of
the world leaders in talent, as its
Government stays united around
the central importance of talent in
national development, according to
a new report.
The Global Talent Competitiveness
Index (GTCI), released yesterday,
ranked Singapore the world’s
country for the fourth straight year.
Once again, Singapore wasthe only Asian country on the top 10 list, which was compiled by graduate business school Insead, the AdeccoGroup and the Human Capital Leadership Institute of Singapore.
The annual report ranks 118 nations
on their competitiveness
based on the quality of talent they
can produce, attract and retain.
GTCI academic director Paul
Evans and team lead researcher Eduardo
noted in a research commentary
that it will be “smaller entities like
cities and regions” – such as Singapore
– that will emerge as leaders in
the worldwide war for talent in the
new technology-driven economy.
“In terms of government usage of
information and communications
technology, Singapore – like Denmark
– is one of the leading nations
in the world,” they said.
This has been the result of
Singapore’s historical focus on
using education to drive societal
change but also on its Government’s
single-minded emphasis on
talent in national development, Insead
“Talent attraction, development
and retention, along with enabling,
are not just issues of concern to the
ministries of Labour and Education
or a powerful Ministry of Manpower
or an Infocomm Development Authority–
they are the focus of all ministries,
within the scope of an all-embracing SmartNation
Co-creation is a key part of this
strategy where all stakeholders, including
talent from abroad, work
closely to find innovative ways
around challenges, said Professor
Evans and Dr Rodriguez-Montemayor.
“This is in striking contrast to the
government and political debates
in many Western nations, where
forward-looking thinking often appears
to be lost in public debates
over closing factories, immigration
and terrorist threats.”
Source: The Straits Times © Singapore Press Holdings Limited. Reproduced with permission