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News : United States Ranks 4th in Global War for Talent
Jacksonville, FL (January 20, 2016) – The United States ranked fourth internationally in attracting, producing, and retaining talent for the second consecutive year according to the Global Talent Competitiveness Index (GTCI). The Index, which is a partnership between Adecco Group, a provider of human resource solutions, and the Human Capital Leadership Institute of Singapore, highlighted how vital attracting talent is in today’s global workforce.
The GTCI, which featured a theme of "Talent Attraction and International Mobility," measured the competitiveness of 109 nations based on the quality of developed and acquired talent combined along with the range and strength of skills available within the labor market, allows countries to determine and compare their strengths and weaknesses in the global war for top talent.
In the 2015-2016 GTCI, Switzerland, Singapore and Luxembourg took spots one through three, Once again, the top 10 countries continued to be dominated by European nations, but both the United States and Canada were included in top rankings.
With the United States coming in fourth position, key findings around the U.S. talent landscape included:
- The United States outperformed the average performance of high-income countries in every pillar and led the way in growing its own talent through elements like formal education, lifelong training, and access to networks. Additionally, the U.S. also featured a large pool of individuals with global knowledge like scientists, engineers and people that innovate and engage in entrepreneurial activities.
- The combination of a good formal education system and good access to growth opportunities provided the United States with the best pool of higher skills and competencies, however, in order to stay at the top of the global race for talent, the U.S. must continue to offer the best educational and market opportunities to job seekers.
- The U.S. fell short in the ‘labor and vocational’ pillar, and particularly in the availability of vocational skills and infrastructure. While this is not a U.S. specific problem, this skills deficit continues to show a massive shortage of job seekers lacking the vocational and work-training skills needed for today’s economy and the future workforce.
"Over the last 12 months, we’ve seen the workforce add millions of jobs— a major step in the right direction— but we must look forward and determine ways that more Americans can find work now and in the future," said Bob Crouch, Chief Executive Officer of Adecco Group North America. "The GTCI highlights where the United States is excelling in the global war for talent, but it also shows areas where we can improve. As we review the Index, it’s important for the private and public sectors to come together and collaborate on ways that we can develop members of the future workforce while improving our current job market."
Posted by Laura Collins, Editorial Management
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Adecco is a world wide provider in workforce management solutions. Adecco's global workforce of close to 32,000 colleagues is focused every day on finding the right person for the job, supporting our clients wherever they are and wherever they need to be. We create flexible and mobile workforces that can be deployed anywhere in the world. Whatever the challenge, we have the reach and resources to rise to it and come up with a winning solution.
Published: Thursday, January 21, 2016