Global talent competitiveness index 2020 From ADECCO&INSEAD
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Recently, Delco, INSEAD and Google jointly released the global talent competitiveness index report 2020 (GTCI). By measuring the performance of a country and major cities in terms of talent cultivation, attraction and retention, the report evaluates its talent competitiveness, and provides suggestions for the government and enterprises to enhance the competitiveness of talents.
According to the report, Switzerland continues to take the lead in global talent competitiveness, ranking No.1 since the index was first released in 2013. The United States rose from third place last year to second place this year, while Singapore dropped one place from last year and ranked third this year. China jumped three places from 45th last year to 42nd this year, but its performance in different core areas is uneven. The research shows that China is outstanding in global knowledge and skills due to its leading education system and innovation ability, but its ranking is not ideal in terms of attracting talents and vocational and technical skills.
In addition to the ranking of talent competitiveness, this year’s report focuses on the global talent theme in the era of artificial intelligence, focusing on the changes brought about by the development of artificial intelligence in various industries, forcing work routines, enterprise structure and ecosystem to be re examined. At the same time, due to the continuous influence of machines and algorithms on various types of work, almost all jobs have been redefined. All kinds of talents not only need to perform new duties and adapt to new working methods, but also need to learn value from changes. The current education and skills training will also be changed, and the formal and informal learning structure will be developed at a high speed.
The results show that the gap between high-income countries and other countries is widening. Some countries are rapidly improving digital skills, but most developing countries are slow. Due to the shortage of talents in the field of artificial intelligence, and the uneven distribution in countries and industries, it is urgent to optimize and develop “comprehensive skills” in a large range to adapt to the working trend of human and machine effective and efficient collaborative mixed mode. In this regard, Delco group has made a commitment to complete the skill upgrading or skill optimization of 5 million employees by 2030.
The 2020 global talent competitiveness index report is formulated by INSEAD, one of the world’s first-class and largest graduate business schools, in conjunction with Delco group, a global leader in human resource service industry and one of the Fortune Global 500 companies, and Google, a global leading technology enterprise. The report takes into account 70 indicators and covers 132 countries and 155 cities (125 countries and 114 cities respectively in 2019).
Top 20 countries
2020 is the seventh release of the global talent competitiveness index report, and Switzerland has been ranked No.1 since the report was first released in 2013. The United States and Singapore ranked second and third, swapping last year’s rankings, followed by Sweden (fourth), Denmark (fifth), the Netherlands (sixth) and Finland (seventh). As last year, high rankings are directly related to high-income economies, and developed countries with better talent competitiveness policies are less affected by political and socio-economic instability. With stable infrastructure, high-income countries can invest more in lifelong learning and skills upgrading or optimization to attract and retain talents. At the same time, countries are looking for new ways to find the balance between human and science and technology, and strive to become the leader of artificial intelligence. The top three cities are New York, London and Singapore. New York’s leading position is attributed to its strong performance in the areas of “empowerment”, “attraction”, “development” and “global knowledge and skills”. This year’s top 20 cities include eight European cities, eight North American cities, three Asian cities and one Australian city. Generally speaking, cities with the ability of “future readiness” rank higher, such as artificial intelligence, financial technology and medical technology. Many cities have become the test points of artificial intelligence technology, such as face recognition, remote monitoring and driverless vehicles. Although the degree of success varies, those successful cities will become the hub cities of artificial intelligence, with a large number of talents and more global resource allocation.
China has 16 cities on the list this year (4 more than in 2019), with Hong Kong (6th), Shanghai (32nd), Beijing (35th), Taipei (46th), Hangzhou (67th), Nanjing (75th), Shenzhen (78th), Guangzhou (97th), Wuhan (100th), Tianjin (102nd) and Xi’an (106th), Chengdu (109th), Chongqing (112th), Suzhou (116th), Zhuhai (121st), Zhengzhou (127th).
The results show that the gap between the popularization of artificial intelligence and digital skills in the country and the industry is increasingly obvious and expanding. Fully aware of skill mismatch and the importance of human resource investment, Delco group has committed to complete the skill upgrading or skill optimization of 5 million employees by 2030, and will be led by general assembly, a brand of Delco group focusing on training and development of digital skills (including data science, programming and machine learning) for individuals and organizations.
Commenting on the 2020 global talent competitiveness index report, CEO Alain dehaze pointed out: “with the development of machines and algorithms, almost all types of jobs have been redefined. It is more important than ever to have the right talents. Today, machines and algorithms are not only used in factory production lines, but also in front-line departments, logistics and headquarters. In order to complement each other, employees at all levels need to improve their adaptability, communication skills, problem solving and leadership skills. In the next decade, a revolution will be launched focusing on improving comprehensive skills to achieve effective and efficient collaboration between human and machine. As a result, Delco is committed to upgrading or optimizing the skills of 5 million employees by 2030, providing them with the skills needed in the era of artificial intelligence. “
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