Thailand slips to 42 in talent rankings 

The Thai ranking dropped to 42nd place among 63 countries surveyed by IMD based in Switzerland, according to the IMD World Talent Report released yesterday.
The survey looked into three key areas namely; investment and development, appeal and readiness. 
In Asean, Singpaore ranks 13 or up from 15 last year, following by Malaysia who ranks 28 or dropped from 21 last year, Phillipines ranks 45 or up from 55  last year, Indonesia ranks 47 no change from last year, the research said.
The study draws on an in-depth survey of thousands of executives from 63 different economies, and more than two decades’ data from the IMD World Competitiveness Center.
The IMD World Talent Ranking is based on countries’ performance in three main categories - investment and development, appeal and readiness. 
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.
Thailand gets the same rank on appeal this year as last year but does poorly in investment and development and readiness. 
The investment and development covers total public expenditure on education, public expenditure on education per pupil, pupil-teacher ratio, apprenticeships, employee training, female labour force and health infrastructure. 
Appeal covers cost-of-living index, attracting and retain talents, worker motivation, brain drain, quality of life foreign highly-skilled personnel , remuneration of management, effective personal income tax rate and personal security and private property rights. 
While, readiness is related to labour force growth, skilled labour, finance skills, international experience, competent senior managers, educational system, science in schools, university education, language skills, student mobility inbound and educational assessment –PISA.
Meanwhile, 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. 
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 most competitive 
Switzerland, Denmark and Belgium remain the most competitive countries in the 2017 IMD World Talent Ranking. 
Austria, Finland, the Netherlands, Norway, Germany, Sweden and Luxembourg make up the top-ten. 
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. 
European economies perform well in all three talent components of the ranking — appeal, readiness, and investment and development.
The research suggests Germany, Europe’s economic powerhouse, continues to play a starring role in sustaining the continent’s talent competitiveness. Arturo Bris, Director of the IMD World Competitiveness Center, said that Germany is one of the largest exporters of talent and the country also attracts talent from across the world.