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European economies are superior when it comes to attracting, developing and retaining top talent, according to a major new study by the World Competitiveness Center at IMD, the leading global business school. The Netherlands has improved its ranking by five notches to 6 globally in terms of ability to attract, develop and retain talent, while Switzerland topped this year’s ranking.

The Netherlands in Top 10 on IMD World Talent Ranking 2017

The Netherlands in Top 10

The prestigious annual IMD World Talent Ranking assesses the methods countries use to attract and retain the talent their businesses need to thrive.

Europe continues to dominate the 2017 list, with 11 out of the 15 most talent competitive economies based on the continent, after a strong performance in 2016. Switzerland, Denmark and Belgium remain the most competitive countries in the 2017 IMD World Talent Ranking. Austria, Finland, Germany, Luxembourg, the Netherlands, Norway and Sweden make up the Top 10.

IMD World Talent Ranking

The annual IMD World Talent Ranking report covered 63 countries and assessed the methods the countries adopted to attract and retain talent. The rankings are based on a country’s performance in three main categories: investment and development, appeal, and readiness. The Netherlands was ranked 3rd, 7th and 15th on these terms, respectively. The three categories assess how countries perform in a wide range of areas. These include education, apprenticeships, workplace training, language skills, cost of living, quality of life, remuneration and tax rates.

It is European countries’ outstanding education systems that set them apart from the rest of the pack. On average, each has a high level of investment in education accompanied by a superior-quality educational system, from primary to tertiary levels. This allows them to develop local talent and at the same time attract foreign, highly-skilled professionals, which many European businesses rely upon to perform.

The Netherlands in Top 10 on IMD World Talent Ranking 2017 (page 73)

The Dutch score

The Netherlands entered the Top 10 and is in 6th place in the IMD World Talent Ranking 2017.

The Netherlands ranked 3rd in the investment and development category, with a strong performance in health infrastructure (2nd) and its effective implementation of apprenticeships and the prioritization of employee training (both 6th).

The country ranks 7th in appeal, mostly because of the well-educated and skilled people (3rd), a  high quality of life (5th) and a high worker motivation (5th). The Netherlands is also ranked first for language skills.

 

Source / IMD