PH slips in talent competitiveness ranking

The Philippines slipped two notches to rank 56th on the Global Talent Competitiveness Index 2015-2016 (GTCI), which measures the talent flow and location attractiveness for workers of 109 countries that were assessed in the study.

Based on the results of the third edition of the GTCI, the Philippines saw a decline in three of the six pillars used in the study.

These are “Grow,” which looks at formal education, lifelong learning, and access to growth opportunities; “Labor and Vocational Skills,” which measures the employable skills, and labor productivity; and “Global Knowledge Skills,” which considers higher skills and competencies, as well as talent impact.

The Philippines’ ranking on the Grow pillar fell to the 47th spot from last year’s 44th place; Labor and Vocational Skills, down to the 80th spot from 69th place; and for Global Knowledge Skills, down to 33rd place from the previous year’s 29th.

The three other variables, where the country recorded increases, were identified as “Enable,” which looks at the regulatory, market, and business labor landscapes; “Attract,” which measures the country’s external and internal openness; and “Retain” which studies sustainability and lifestyle.

“The Philippines represents the top-ranked lower-middle income country and it ranks above several upper-middle income countries such as South Africa (57th), Kazakhstan (58th), Mexico (60th), Colombia (62nd) and Turkey (63rd).

The country performs relatively well in the pillars Grow (47th) and Global Knowledge skills (33rd)—in part explained by good access to growth opportunities,” according to the index released by Insead, the Adecco Group and the Human Capital Leadership Institute of Singapore (HCLI).

Switzerland continued to top the index in terms of talent attraction and international mobility, followed by Singapore, Luxembourg, United States and Denmark.