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Cambodia not in an enviable position in attracting and developing talent in SEA
Cambodia is not in an enviable position in attracting, developing and retaining talent, a global study found.
The 2021 Global Talent Competitive Index (GTCI) ranked the Kingdom 119th out of 134 countries included in the study.
The latest edition of the annual study was released last week by INSEAD of France, one of the world’s leading graduate business schools, and Portulans Institute, an independent research and educational institute based in the United States.
The countries are ranked according to their ability to enable, attract, develop and retain talent. Vocational and Technical (VT) Skills and Global Knowledge (GK) Skills also influenced the rankings.
European countries dominated the top spots, with eight of them finishing in the top ten.
Switzerland topped the rankings, followed (in order) by Singapore, US, Denmark, Sweden, Netherlands, Finland, Luxembourg, Norway and Iceland.
The war-torn African nations of Chad (134th), Yemen (133rd) and Democratic Republic of Congo (132nd) occupy the bottom of the rankings.
Cambodia was in the bottom of the list among countries in Southeast Asia.
The Kingdom is making a headway in attracting talent (94th), but has very low pool of workers with GK Skills (127th).
Singapore (2nd in the world) topped the region, followed by Malaysia (34th), Brunei (47th), Thailand (68th), Philippines (70th), Indonesia (80th), Vietnam (82nd) and Laos (105th). Myanmar was not included in the study.
The study found that Singapore has some of the best workforce (large pool with excellent VT Skills) in the world. But the city state also struggled to retain many of them.
The study was conducted through the lens of the COVID-19 pandemic.
“This new GTCI report looks at Talent Competitiveness in Times of COVID. Although available data and indicators still come short of fully describing the ways in which the pandemic has changed the local and global talent scenes, it is clear that many of the changes we have seen will have a deep and lasting impact on labour markets and talent strategies,” a statement co-signed by Felipe Monteiro and Bruno Lanvin.
Monteiro is GTCI Academic Director and INSEAD Senior Affiliate Professor of Strategy, while Lanvin is the co-founder of Portulans Institute.
“The 2021 GTCI report also offers some insights on how the possible shapes of the recovery may affect the future of employment, with the resulting additional demands on education, lifelong learning, and re-skilling. It also warns about the growing inequalities that recent shifts may entail and suggests ways in which they could be mitigated,” it added.
Source: https://www.khmertimeskh.com/50971506/cambodia-not-in-an-enviable-position-in-attracting-and-developing-talent-in-sea/