Thailand proudly claims the tenth position within the Asia Pacific region, in accordance with the 2023 World Talent Ranking (WTR) conducted by the International Institute for Management Development (IMD). The newest 2023 WTR report reveals Thailand’s respectable standing at 45th place among the many sixty four international locations assessed.
Bargain , coupled with a world rating of 29th in the appeal class, solidifies Thailand’s ability to draw and retain talent, each from within the country and overseas.
The IMD’s 2023 WTR emerges as a critical analysis device amid the persistent impression of the Covid-19 pandemic on expertise competitiveness worldwide. Undeterred by these global challenges, Switzerland holds its floor, maintaining the top position, with Luxembourg and Iceland scorching on its heels. Singapore, the lone Asian country, secures a spot throughout the high ten, standing proud at the eighth position.
The 2023 WTR version is a product of meticulous study and evaluation of 64 economies. The analysis hinges on 31 distinct standards, incorporating a mix of onerous data and survey responses from executives. This comprehensive strategy yields a reflection of each economy’s world talent competitiveness. These standards are then systematically categorised into three factors.
Investment and Development, the first issue, delves into the dedication level of domestic assets in the path of nurturing native talent. The second factor, Appeal, concentrates on the aptitude of an economy to draw in and retain expertise, from both local and worldwide spheres. Lastly, Readiness scrutinises the standard and readiness of abilities and competencies available within the expertise pool.
The study unveils a sombre reality, most regions are yet to regain their pre-pandemic ranges of talent competitiveness. It additionally shines a light-weight on the shift in work paradigms. As economies evolve towards being extra service-oriented, the need for employees to bodily inhabit the same country as their employers is dwindling.
Global expertise landscape
The WTR’s findings not solely present a clear snapshot of the present global expertise panorama but also provide insights into the transformative modifications occurring throughout the world of work.
As the dust of the pandemic begins to settle, the stage is set for economies to reassess and realign their strategies to attract, develop, and retain expertise.
Thailand’s commendable performance in the 2023 WTR is a testomony to its ongoing dedication to cultivating a vibrant and competitive expertise ecosystem, able to face the challenges and opportunities of the longer term.
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