IMD World Competitiveness Center has again ranked 63 countries based on their ability to develop, attract and retain talent. The rating consists of three sub-categories; Investments & Development, Appeal and Readiness, where the latter refers to education and skills.
So how dit the Nordics do? It turns out that the Nordic countries are going in different directions: While Denmark keeps its place as number 2 and Norway as number 7, Finland moves up one notch to number 5, and Sweden… Falls 5 places to 9th place on the list!
Denmark scores high thanks to a high level of worker motivation, employee training and compensation, but in terms of attractiveness to foreign highly-skilled personnel it has room for improvement from 25th place. Finland on the other hand owes its score largely to investments in education, while Norway earns its rating because of high worker motivation, quality of life and generally skilled labour.
Sweden takes a hit in all tree categories, but has service employee compensation and generally skilled workers as its strengths.
Iceland is number 18 on the list.
Here is the top 10:
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