SINGAPORE has dropped six places when compared to its 2005 ranking in IMD's new annual World Talent Report, and is now in 16th place. It was ranked 17th last year. The ranking assesses a country's ability to develop, attract, and retain talent for companies that operate there.
The ranking reflects three key factors: the country's investment and development in home-grown talent, its ability to retain local talent and attract those from overseas, and its readiness to fulfil market demands with the available talent pool.
While some of the 20-plus indicators measured are statistical, others are drawn from an IMD opinion survey of 4,300 international executives.
The 2014 IMD World Talent Ranking is led by Switzerland (1st), Denmark (2nd), Germany (3rd), Finland (4th) and Malaysia (5th).