JACKSONVILLE, Fla., Jan. 25, 2018 /PRNewswire/ -- The 2018 Global Talent Competitiveness Index (GTCI) report found that the United States ranks third in the world for talent competitiveness, surpassed only by Switzerland and Singapore. The report, produced by the world's leading workforce solutions provider, the Adecco Group, together with international business school INSEAD and Tata Communications, is a comprehensive annual benchmarking measuring how countries and cities grow, attract and retain talent.
According to the index, the United States leads the way in growing its own talent, particularly through formal education, its leading network of universities and access to growth opportunities. The country is also competitive in terms of having a large pool of vocational and technical skills, as well as global knowledge skills, which deal with knowledge workers like scientists, engineers and people who innovate and engage in entrepreneurial activities.
"It's encouraging to see the United States move up to the third position this year after a stint in fourth place from 2014-2017," said John Marshall, CEO of Adecco Group North America, UK & Ireland, Professional Staffing. "The country is performing exceptionally well in its ability to grow talent, but it must continue to make this a focus in the coming years. As technological advancement persists, organizations need to create more avenues for continuous learning, reskilling and upskilling, or else the American workforce will fall behind."
GTCI 2018: TOP 10 COUNTRIES (2017 ranking in brackets)
1. Switzerland (1)
2. Singapore (2)
3. United States (4)
4. Norway (10)
5. Sweden (5)
6. Finland (9)
7. Denmark (8)
8. United Kingdom (3)
9. Netherlands (11)
10. Luxembourg (7)
In addition to the talent competitiveness ranking, this year's report investigates the theme of 'diversity for competitiveness,' exploring the benefits of diversity, such as how it can be leveraged for retention, talent development, innovation and sustainability. However, GTCI also reveals that there is no absolute model for diversity and inclusion, with top ranking countries still falling short in key areas. For example, while the United States is a world reference for collaboration within and across organizations and industries, the GTCI identified that the country can improve in the areas of tolerance towards minorities and foreign talent, as well as closing gender gaps.
"Companies across the globe are taking steps towards better diversity and inclusion practices, but no one has perfected it yet, as evidenced by the GTCI," said Federico Vione, CEO of Adecco Group North America, UK & Ireland, Adecco and Pontoon. "Without doubt, diverse teams have the ability to help organizations thrive, trickling into industries, economies and societies as a whole. It is up to today's leaders to focus on a culture of inclusion that goes far beyond stats and figures, and reaches into the mindset of the workforce."
Now in its second year, a special section of the report, the Global Cities Talent Competitiveness Index (GCTCI), also ranks 90 cities according to their talent competitiveness. Two United States cities ranked in the top 10: Washington D.C. (6) and San Francisco (8), follow by Los Angeles (13), Boston (17), Chicago (21) and New York (26).
GCTCI 2018: TOP 10 CITIES
6. Washington D.C.
8. San Francisco
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About INSEAD, The Business School for the World
As one of the world's leading and largest graduate business schools, INSEAD brings together people, cultures and ideas to change lives and to transform organization. A global perspective and cultural diversity are reflected in all aspects of our research and teaching.
With campuses in Europe (Fontainebleau), Asia (Singapore) and the Middle East (Abu Dhabi), INSEAD's business education and research spans three continents. The school's 145 renowned Faculty members from 40 countries inspire more than 1,400 degree participants annually in its MBA, Executive MBA, Executive Master in Finance, Executive Master in Consulting and Coaching for Change and PhD programmes. In addition, more than 11,000 executives participate in INSEAD's executive education programmes each year. In addition, INSEAD participates in academic partnerships with number of universities around the world. INSEAD became a pioneer of international business education with the graduation of the first MBA class on the in 1960. Around the world and over the decades, INSEAD continues to conduct cutting edge research and to innovate across all its programmes to provide business leaders with the knowledge and sensitivity to operate anywhere. These core values have enabled INSEAD to become truly "The Business School for the World". INSEAD's MBA programme is ranked #1 by the Financial Times in 2016 and 2017.
About The Adecco Group
The Adecco Group is the world's leading HR solutions partner. We provide more than 700,000 people with permanent and flexible employment every day. With more than 33,000 employees in 60 countries, we transform the world of work one job at a time. Our colleagues serve more than 100,000 organizations with the talent, HR services and cutting-edge technology they need to succeed in an ever-changing global economy. As a Fortune Global 500 company, we lead by example, creating shared value that meets social needs while driving business innovation. Our culture of inclusivity, fairness and teamwork empowers individuals and organization, fuels economies, and builds better societies. These values resonate with our employees, who voted us number 2 on the Great Place to Work® - World's Best Workplaces 2017 list. We make the future work for everyone.
The Adecco Group is based in Zurich, Switzerland. Adecco Group AG is registered in Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN). The group is powered by eight lead brands: Adecco, Modis, Badenoch & Clark, Spring Professional, Lee Hecht Harrison, Pontoon, Adia and YOSS.
About Tata Communications
Tata Communications Limited along with its subsidiaries (Tata Communications) is a leading global provider of A New World of Communications™. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global network to deliver managed solutions to multi-national enterprises and communications service providers.
The Tata Communications global network includes one of the most advanced and largest submarine cable networks and a Tier-1 IP network with connectivity to more than 240 countries and territories across 400 PoPs, as well as nearly 1 million square feet of data centre and colocation space worldwide.
Tata Communications' depth and breadth of reach in emerging markets includes leadership in Indian enterprise data services and leadership in global international voice communications. Tata Communications Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
Tata Communications and Tata are trademarks of Tata Sons Limited in certain countries.
SOURCE Adecco Group