Malaysia slips to 19th place in IMD World Talent Report 2016
29 Nov 2016, 12:06 pm
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KUALA LUMPUR (Nov 29): Malaysia has come in 19th in its ability to attract talent in 2016, falling from its ranking at 15th last year, according to the latest world talent ranking by Swiss business school International Institute for Management Development (IMD).

The IMD World Talent Ranking 2016 presents a ranking of countries on their ability to develop, attract and retain talent. 

The third annual World Talent report shows the overall ranking for 61 economies. The economies are ranked from the most to the least competitive, and the change from the previous year’s ranking are also shown.
 
According to the report, Switzerland and Denmark still hold first and second spots, as they did last year, with Belgium rated third, Sweden fourth and the Netherlands fifth.

Finland, Norway, Austria, Luxembourg and Hong Kong complete the top 10, with Germany (11), Singapore (15), Iceland (16), Ireland (18) and the UK (20) also featuring in the first 20.

According to IMD, the objective of the World Talent Report is to assess how countries around the globe sustain the necessary talent pool for businesses to maximise their performances.

The research draws on more than two decades’ worth of competitiveness-related data, including an in-depth survey of thousands of executives who were studied from the 61 countries.

Rankings are aggregated from performance in three overarching categories — investment/development, appeal and readiness — compiled from a wide range of factors.

These include education, apprenticeship, employee training, worker motivation, language skills, cost of living, quality of life, pay, tax rates and brain-drain.

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