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

Flight ban extended by decree ahead of official flights relaunch on June 9

The Transport Ministry has extended the ban on flights by 11 days through a new decree on Tuesday to cover the interim period from...

Cyprus: High number of fatalities in collisions involving goods vehicle

    Cyprus'  percentage in fatalities in collisions involving a goods vehicle is among the highest in the EU according to figures included in a report...

Virgin Orbit fails first rocket launch attempt from modified plane

Richard Branson's Virgin Orbit company aborted its first attempt to launch a rocket into space from the belly of a 747 airplane on Monday,...

Cyprus to deport 17 migrants suspected of terror links

  Cyprus will deport 17 migrants who are being held on suspicion of having links to extremist groups or involved in acts of terror, the...

Latest on the worldwide spread of the coronavirus

Latest update: 26/05/2020 08:23 European countries need to join forces to shield their banks, one of the bloc's top regulators said, potentially using a 500...

Taste

Traditional salads that will blow your mind away

This traditional salads will make you actually love salads! Cyprus may be famous for souvla and kleftiko but if you try the traditional salads with...

Honey Balls

As you stroll down Onasagorou street in the old city of Nicosia and suddenly feel the need for something sweet, follow the smell of...

Octopus with Oregano

Ingredients: (Serves 4) 1 kg octopus ½ tsp dry oregano Pepper 3 tbsp olive oil 2 tbsp vinegar or lemon juice Preparation: Clean the octopus thoroughly under cold running water. Place the octopus...

Fish meatballs

In a bowl, mix the finely chopped onion and parsley. Boil the fish, cut into small pieces and add to the bowl. Add salt...