This press release was issued by International Institute for Management Development (IMD).
Other major findings:
- First-placed Switzerland remains at the forefront of talent competitiveness
- Singapore’s spectacular ascent over the last decade takes it from 18th place to second
- Nordic economies Denmark, Norway, and Sweden absorb disruptions to bounce back from 2023 lows, signaling the robustness of their talent pipeline
Switzerland, Singapore, and Luxembourg have been revealed as the most talent-competitive countries in the world by the IMD World Talent Ranking (WTR).
The 2024 WTR’s accompanying report, “The socio-economic implications of AI in the workplace,” has also exposed increased inequality for higher-income economies as early adoption of AI starts to replace the workforce.
Now in its 11th edition, the ranking measured 67 countries and combined WTR survey data from the IMD World Competitiveness Center (WCC) with external sources, setting both in the context of findings from the International Labour Organization (ILO). The report concludes that those economies in which senior executives consider AI to be most visible in the workplace by the way it is replacing people are also those economies where discrimination is increasing.
Such economies were identified to be higher-income ones (Japan, Thailand, Singapore, the UK, and Canada) and therefore more likely to (i) experience significant disruptions early on (i.e., during the AI adoption phase) and (ii) reap AI’s benefits in the long term.
Rising discrimination levels could damage economies’ attractiveness to highly skilled overseas staff, even if they are offset by these other factors as they would tarnish its talent attraction and talent retention, the report said.
