Switzerland, the country for business talents
One again, Switzerland again ranked No. 1 on the list, according to the 2017 Global Talent Competitiveness Index 2015-16, released by INSEAD, the France-based business school for the world. The research is produced in partnership with the Adecco Group and the Human Capital Leadership Institute of Singapore.
Essentially, the report argued that while tech advancements will continue to disrupt the workplace and displace jobs, new opportunities will also be created. High ranking countries share key traits, according to INSEAD.
“People, machines, and algorithms are combining to create an unfolding future for work where new skills will need to be provided and acquired. While routine, repetitive, and dangerous tasks continue to move from people to machines and robots, individuals, organisations, and our educational systems will need to adapt to a work environment in which career changes will be part of a typical working life,” said the report.
Top 10 Global Talent Competitiveness Index 2017 rankings:
1- Switzerland
2- Singapore
3- UK
4- US
5- Sweden
6- Australia
7- Luxembourg
8- Denmark
9- Finland
10- Norway
This year’s report analyses how technology can indeed ‘augment’ human efficiency. It goes further by examining how technological change affects and intensifies talent competitiveness and the nature of work.
“Technological disruption will also require us to work differently in the future. In my own industry alone, human resource departments face significant changes, with the availability of big data, faster and more precise search and matching systems in recruitment, and increasingly advanced and predictive HR management tools,” Alain Dehaze, CEO of Adecco, wrote in the report. “More broadly, the latest foresees new paradigms in workforce management, with a more dispersed workforce, greater autonomy for individual employees, and the search for an improved work-life balance thanks to advances in communications and ‘smart’ working, all prompting greater flexibility.”
“Technology has a profound impact on the nature and structure of work. In this digital era where work is constantly evolving, a premium is placed not on employees who possess the highest level of technical competencies, but on those who have the ability to learn and re-learn on the job. Many employees will find themselves facing technological and structural unemployment if they do not re-invent themselves ,” said Su-Yen Wong, CEO of Human Capital Leadership Institute, in an official press release.