MELVILLE, N.Y., Dec. 19, 2013 /PRNewswire/ -- The United
States is falling behind Europe in
producing, retaining and attracting talent, according to the first
edition of the Global Talent Competitiveness Index (GTCI). The
Index, which was published by INSEAD and based on research
co-conducted with the Human Capital Leadership Institute of
Singapore (HCLI) and in
partnership with Adecco Group, highlights how vital talent is in
today's competitive global economy.
The GTCI, which measures a nation's competitiveness based on the
quality of talent it develops, attracts and retains through a range
of output and input variables, will help countries determine and
compare where they fall in the war for talent against that of other
nations.
The Index, which featured 103 countries representing 86.35
percent of the world's population and 96.7 percent of the world's
GDP, found that Switzerland is
leading the war for talent. The top 10 list was heavily dominated
by European nations with only two other countries—Singapore and the
United States—taking a spot. Also coming in close were Canada (11th) and Norway (12th).
The top-ranked countries had many characteristics in common
including a commitment to education, a history of immigration and a
clear strategy on how to grow talent while attracting the best of
the best from around the world. Although most of the top countries
on the Index were high–income, some upcoming talent champions like
Malaysia and Estonia are showing signs of promise for the
future.
As the largest of the countries in the top 10, The United States ranked 9th in the
Index. Some key findings around the U.S. talent landscape
included:
- The U.S. ranked 3rd globally in the Growth portion
of the Index which reviewed access to formal education, the quality
of top universities in a country and the number of students who
enroll in a college or university; the U.S. was average in math,
reading and science scores and fell short in pupil to teacher
ratios.
- Within the Enablers portion, the U.S. ranked 1st in
labor market flexibility, 2nd in the overall business
landscape, 3rd in the ease of doing business and
4th in the overall market landscape, which looked at
factors including competition and innovation.
- The U.S. was the global leader in the ratio of female
professionals and technical workers to their male counterparts and
was among the world leaders in the Global Knowledge portion
(7th) with a high level of legislators, senior officials
and managers (2nd).
- The U.S. ranked 3rd globally in productivity per
employee.
- Youth employment rates could present a serious concern as the
U.S. ranked 36th.
"In today's global economy, it's become increasingly clear how
important talent is as a resource," said Bob Crouch, Chief Executive Officer of Adecco
Group North America. "This Index shows that there are areas where
the United States is excelling,
but there is always room for improvement when it comes to
attracting the best and the brightest. The public and the private
sectors must work together to determine what the future workforce
will need to excel through education and an understanding of the
skills employers will need in the future."
About Adecco Group North America
Every day we provide our clients with the talent they need, and
help solve the business challenges they face today – and will
encounter tomorrow. Our clients rely on us for a wide range of
workforce solutions including:
- Contingent staffing and direct hire recruitment for large
enterprise organizations across all skill sets
- Workforce solutions and consulting including Managed Services
Programs (MSP) & Recruitment Process Outsourcing (RPO)
- Career transition and leadership consulting
- Specialty staffing, project solutions and consulting
services
About the Adecco Group
The Adecco Group, based in Zurich,
Switzerland, is the world's leading provider of HR
solutions. With over 31,000 FTE employees and around 5,100
branches, in over 60 countries and territories around the world,
Adecco Group offers a wide variety of services, connecting more
than 650,000 associates with over 100,000 clients every day. The
services offered fall into the broad categories of temporary
staffing, permanent placement, career transition and talent
development, as well as outsourcing and consulting. The Adecco
Group is a Fortune Global 500 company.
Adecco S.A. is registered in Switzerland (ISIN: CH0012138605) and listed on
the SIX Swiss Exchange (ADEN).
Press Contact:
Vannessa Almeida
Adecco Group North America
(212) 843-1965
vannessa.almeida@adeccona.com
SOURCE Adecco Group North America