Nov 21, 2017GeneralComments Off on Taiwan stays at 23rd in IMD World Talent Ranking
The International Institute for Management Development (IMD) has placed Taiwan 23rd in its annual World Talent Ranking.
The rankings evaluate 63 economies around the world on how they attract and retain the skilled professionals they need. Taiwan was also ranked 23rd last year.
Economies are also ranked in the categories of investment and development, appeal and readiness. In investment and development, Taiwan ranked 25th. In appeal, which covers factors such as cost of living, income tax, and personal safety, Taiwan ranked 26th. Meanwhile, in readiness, which examines factors like workers' education and skills, Taiwan ranked 22nd.
Talking to Taiwan's Central News Agency, senior IMD World Competitiveness Center economist Jose Caballero addressed some of Taiwan's weak points in this year's report. These include public expenditure on education and pupil-teacher ratio for secondary education.
Caballero said Taiwan will not have problems with its labor force in the short term. He said however that a brain drain coupled with an inability to attract foreign skilled workers could create a talent imbalance in the future.