Singapore came in second after Switzerland in the Global Talent Competitive Index (GTCI) which ranked more than 100 countries according to their ability to develop, attract and retain talent.
The city state came in the top place in Asia Pacific for the third year in a row. Australia was the other Asia Pacific country in the top 10.
GTCI, published by INSEAD, assesses the country’s capability to enable, grow and retain talent as well as develop global knowledge and vocational and technical skills. The Singapore government is constantly focusing on building a high-tech hub, to help small businesses adopt new technologies and support workers to learn new skills.
Wong Su-Yen, CEO of the Human Capital Leadership Institute (HCLI) points out that in order to remain competitive in the region, Singapore must ensure a good underlying infrastructure in terms of educating and facilitating people. Moreover, both lifestyle and sustainability are important factors too.