Louella Desiderio | November 15, 2022
Published by the INSEAD Business School, Portulans Institute and Human Capital Leadership Institute, the Global Talent Competitiveness Index measures how countries and cities grow, attract and retain talent.
The Philippines slid 10 notches to 80th place out of 133 countries in this year’s Global Talent Competitiveness Index (GTCI).
Published by the INSEAD Business School, Portulans Institute and Human Capital Leadership Institute, the GTCI measures how countries and cities grow, attract and retain talent.
The 2022 GTCI showed the Philippines with a score of 38.06.
In the 2021 edition, the Philippines had a score of 44.63 and ranked 70th.
Within Southeast Asia, the Philippines ranked behind neighbors Singapore (second), Brunei (41st), Malaysia (45th), Vietnam (74th) and Thailand (75th), but was ahead of Indonesia (82nd), Lao People’s Democratic Republic (99th) and Cambodia (103rd).
The same report showed that Manila ranked 129th in terms of global talent competitiveness this year, with an overall score of 31.3, down from 128th last year.
The report showed that the Philippines ranked 90th in the enable pillar.
In terms of the attract pillar, the Philippines placed 102nd.
The country also ranked 102nd in the retain pillar or in terms of retaining talent.
When it comes to the grow pillar or growing talent, the Philippines was at 46th spot.
The country ranked 49th in terms of global knowledge skills and 63rd in vocational and technical skills.
Commenting on the GTCI, Trade Undersecretary Rafaelita Aldaba told reporters the drop in the Philippines ranking shows the need to improve the quality of the country’s educational system.
“I think we really need to strengthen curriculum and ensure the 21st century skills and competencies are embedded in our educational system and most especially, create a more innovative, creative mindset, building that creation, innovation culture in the country,” she said.
To retain talent, she said the country will need to seize the opportunity to harness new, available technologies.
“So we need to continue to build new industries and attract investments going to these sectors. And at the same time level up the educational system,” she said.
Countries in the top 10 of the GTCI are Switzerland, Singapore, Denmark, US, Sweden, Netherlands, Norway, Finland, Australia and the United Kingdom.
Cities that topped the Global Cities Talent Competitiveness Index are San Francisco, Boston, Zurich, Seattle, Lausanne, Singapore, Geneva, Helsinki, Munich and Dublin.
Source: https://www.onenews.ph/articles/phl-down-to-80th-in-global-talent-competitiveness