News Stories · Competitiveness

Be a magnet for talent: invest in smarter education

IMD World Talent Ranking 2019
November 2019
 - IMD Business School

Economies that want to harness the power of talent to fuel prosperity must improve the way they fund and deliver education programs, focusing on the needs of industry and adopting a more open-minded approach to vocational training.

That is the expert advice from Arturo Bris, Director of the IMD World Competitiveness Center, in an exclusive IMD podcast recorded to support the release of the IMD World Talent Ranking.

The talent ranking measures the ability of 63 economies to attract, develop and retain talent, providing insights for policymakers and business leaders around the world looking to gain an edge in a rapidly changing and increasingly competitive global economy.

“Talent is one of the major drivers of competitiveness in the long run,” says Professor Bris, explaining that countries need to do more to “generate and attract talent, and to make sure the labour force fits the needs of the economy”.

The key to becoming a hub for top talent lies in developing education systems that stretch well beyond school and university, embrace vocational training and lifelong learning while also reducing the stigma often attached to non-traditional forms of education such as apprenticeships, he says.

In the podcast, Professor Bris also outlines three key recommendations for designing education policies that actively support talent; invest in effective education per student; build a curriculum that inspires a culture of excellence; and supporting educators through higher salaries, better training and smaller class sizes.

To find out more about the global talent map and ways to improve talent competitiveness, tune in to the IMD podcast.

Latest
News Stories Leadership Sustainability
IMD case recognized at The Case Centre Awards and Competitions 2024
IMD Professors Julia Binder and Heather Cairns-Lee received the award in the Outstanding Case Writer: Hot Topic category.
Alumni Stories
“I used to be an oil engineer, now I’m an engineer in emotions”
From oil to chocolate – how Norwegian Alumni Club President Sigmund Festøy (MBA 1992) transitioned to the food industry and learned about the importance of emotions in B2C.
“I used to be an oil engineer, now I’m an engineer in emotions”
News Stories China
Alibaba posts weaker than expected results – but new IMD research shows company strategy is still delivering value
Alibaba, China’s US-listed e-commerce giant missed market expectations for revenue in the December quarter, but announced it is boosting the size of its share buyback program by $25 billion, as shares jumped 5% on the news and then settled back to a 5% discount on the day.
Alibaba posts weaker than expected results – but new IMD research shows company strategy is still delivering value