News Local IMD World Talent Ranking: Cyprus in 15th place

IMD World Talent Ranking: Cyprus in 15th place

Cyprus ranks 15th among 63 world countries in its ability to develop, attract and retain talent, according to the IMD World Talent Ranking 2018.

The ranking evaluates the capability of countries in developing, attracting and retaining talent, based on three factors: Investment and Development, Appeal, and Readiness. The three categories assess how countries perform in a wide range of areas. These include education, apprenticeships, workplace training, language skills, cost of living, quality of life, remuneration and tax rates.

Cyprus moved up two ranking places this year, compared to 2017’s, 17th place. Its strong points were expenditure on education, student mobility and cost of living.

Specifically, it ranked first, among 63, in government expenditure in education per student, sixth in student mobility and eighth in cost of living.

Its weak points, according to IMD, were the quality of training employees receive, worker motivation and the amount of remuneration individuals in managerial positions receive.

Cyprus

Switzerland in first and Denmark in second, led the rankings for the fifth year in a row, followed by Norway, Austria and the Netherlands.

Slovakia (59th), Colombia (60th), Mexico (61st), Mongolia (62nd), and Venezuela (63rd) are the last countries in the ranking.

“Since 2014, the Talent Ranking assesses how the 63 economies we study develop, attract and retain highly-skilled professionals. Cultivating a skilled and educated workforce is crucial to strengthening competitiveness and achieving long-term prosperity, particularly in the current dynamic landscape where artificial intelligence, robotics and other new technologies constantly redefine the challenges that governments, businesses and society in general will have to face in the future,” said Arturo Bris, Director of the IMD World Competitiveness Center. “This year the most successful countries in talent competitiveness are mainly European, mid-size economies. Moreover, these countries share high levels of investment in education and quality of life,” concludes Arturo Bris.

Download the IMD World Talent Ranking 2018

Top Stories

New fatal motorcycle accident

A 33-year-old motorcyclist from Limassol was killed in an accident at 6pm on Sunday on the Limassol - Kalo Chorio road, at the height...

Emergency traffic regulations in view of Greek President’s visit to Cyprus

In view of the first official visit of the President of the Hellenic Republic Katerina Sakellaropoulou to Cyprus, Police announces that emergency traffic regulations...

Ten new coronavirus cases detected out of 2,164 tests

The Ministry of Health has announced that 10 new cases of the SARS-CoV-II virus were detected in Cyprus over the past 24 hours out...

Britain is at COVID-19 tipping point, health minister says

Britain is at a tipping point on COVID-19, health minister Matt Hancock said on Sunday, warning that a second national lockdown could be imposed...

‘Ianos’ Medicane leaves 3 dead, 1 missing; extensive damage & crop destruction

Three dead people, a missing woman and extensive destruction is the legacy of Medicane "Ianos" in its sweep from the Ionian Islands through central...

Taste

Swordfish with aubergines

To toast the sesame seeds: place sesame seeds in a small non-stick frying pan over low heat and stir until you begin to smell...

Chicken with okra and bulgur wheat

Heat the oil in a pan and sauté the okra until golden. Remove the okra, lay out in an oven tray and sprinkle with...

Ravioli

Just a little before serving, heat the broth and add the ravioli. (If the ravioli is frozen you don’t have to defrost). Heat them...

Seafood kebab with avocado salad

Place the mussels, shrimps and salmon in a bowl together with tarragon and lemon zest. Season and cover, keeping in the fridge for 15...