SEP 29 : Making its presence felt in the World, India and other Asian countries are giving a tough competition to the US and Other European Countries. India will retain its tenth position in the first ever Global Talent index in the next five years.
USA is numero uno as biggest talent hotspot, but under threat from UK and China. The index prepared by Heidrick & Struggles and the Economist Intelligence Unit revealed that USA will maintain its position as the world’s leading country for nurturing and developing talent over next five years.
The study said that UK will rise to second place by 2012 and China will move from eight to sixth position.
While China and India rank among the top 10 talent hotspots worldwide, Russia will fall from sixth to 11th place by 2012, while Brazil will slip from 18th to 19th.
Kevin Kelly, CEO of Heidrick & Struggles, said "Until now, companies may have sensed which countries attracted and developed talent most effectively, but objective data to support their impressions was simply unavailable”.
"If talent is the oil of our future, we need to pinpoint the hotspots, identify the reserves and know how fast the pipelines can get up and running. The Global Talent Index will enable us to do this."
The GTI says that the much fabled 'BRIC' ( Brazil, Russia, India and China) phenomenon should more accurately be expressed as 'IC' when it comes to talent
The wall map and essay booklet also reveals some surprising result.
The survey has confirmed that talent follows where money leads. After the US and UK, the next best countries for attracting and developing talent are relatively small but open economies of Canada, the Netherlands and Sweden
Asia performs strongly overall, with Malaysia, South Korea and Japan accompanying China and India in the top 15 by 2012. Ukraine will overtake Russia and Argentina will fall dramatically over the next five years.
The Index is prepared by Heidrick & Struggles and the Economist Intelligence Unit. It used seven different measures to asses the country’s potential for producing talent.
The measures were demographics, quality of compulsory education systems, quality of universities and business schools, quality of the environment to nurture talent, mobility and relative openness of the labour market, trends in foreign direct investment and proclivity to attract talent.
Heidrick & Struggles was founded in 1953 and is a leading search firm. It deals with addressing the strategic issues that have human capital solutions in times of growth, acquisition, integration etc.
Heidrick & Struggles survey selected thirty countries based on geographical report and availability of comparable data.
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