Hong Kong tails Singapore in retaining talents

Finance | 20 Oct 2021 11:04 am

Hong Kong tails Singapore in a global index measuring how competitive cities are in attracting and retaining talents.

The SAR ranks second among Asian cities, and 20th worldwide in the Global Talent Competitiveness Index. Singapore, on the other hand, ranks first in Asia and 7th in the world.

The index is published annually by INSEAD, the Business School for the World, in partnership with Portulans Institute. The report is a comprehensive annual benchmarking report that measures how countries and cities grow, attract and retain talent. The 2021 report covers 134 countries and 155 cities from 75 economies around the world.

Among countries, Switzerland, Singapore and the United States dominate the top three. China (37th) breaks into the top 40, its highest position ever.

European countries fill 17 of the top 25. Outstanding non-European countries that make it into the top 25 are Australia (11th), Canada (13th), New Zealand (15th), Japan (20th), Israel (21st), and the United Arab Emirates (25th).

As for cities, the top three are San Francisco, Geneva and Boston. Singapore is the only Asian city listed in the top 10.

The report found that the pandemic has shaken organizations in ways that may become permanent features of tomorrow’s workplace. In that process, many opportunities have been offered to countries and cities to experiment with novel ways of attracting talent, such as digital nomads.


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