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Singapore top in Asia-Pacific for fifth year in drawing talent

Singapore was tops in attracting and developing talent in the Asia-Pacific region for the fifth straight year and No. 2 globally, according to a new report.
It measured the ability of 119 countries to lure, develop and retain talented people.
Western countries continued to dominate the annual Global Talent Competitiveness Index, with Switzerland at the top spot and the United States at No. 3. Second-placed Singapore was the only Asia-Pacific country in the top 10.
Five other Asia-Pacific countries ranked in the top 30 - Australia at 11, New Zealand (12), Japan (20), Malaysia (27) and South Korea (30).


The 2018 index compiled by French business school Insead had the theme of diversity and looked at it from the cognitive (differences in knowledge, experience and perspectives) and identity (gender, race, age and so on) angles.
The report underscored the importance of diversity for building innovative teams and equipping organisations with the ability to address the needs of markets and operations in multicultural environments.
But the study did find Singapore has room for improvement when it comes to access to growth opportunities, innovation output and more social protection for labour.
Press-release at The Straits Times web-site