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

CYPRA owner: I was not convinced

Speaking before the House Agriculture Committee, George Georgiou, the owner of CYPRA slaughter house said he did not do anything illegal and was not...

U.S. federal agency greenlights Biden’s presidential transition

The U.S. General Services Administration (GSA) on Monday told Joe Biden it was ready to begin the formal presidential transition process for him. GSA Administrator...

Cabinet to decide on Wednesday about measures against COVID-19

Cyprus Government Spokesman, Kyriakos Koushos, has told CNA that the Council of Ministers will decide on Wednesday about what will happen as regards the...

Delays in the arrival of postal items due to decrease of flights

The Cyprus Post would like to inform the public that due to the Coronavirus outbreak, a significant decrease of flights to and from Cyprus...

Cost of electricity to be reduced in 2022, RES fee must be revised

The cost of electricity is expected to be reduced in 2022, as the market opens to competition and the project to bring natural gas...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...