Romania ranks 56th out of 63 countries in World Talent Ranking

Romania ranks 56^th out of 63 countries included by Swiss IMD World Competitiveness Center in its World Talent Ranking 2018.

However, Romania has advanced five positions, from the 61^st place last year.

In this year’s report, Romania ranks between Philippines (55th) and Bulgaria (57th) but is considered less attractive to talents than most European countries, including Ukraine (48th) and Russia (46th).

Romania ranks 54^th out of 63 countries in terms of investment and development, 55^th in terms of appeal (the extent to which a country taps into the overseas talent pool) and 52^nd in terms of readiness (availability of skills and competencies in the talent pool).

Except for Estonia (28th) and Slovenia (30th), Eastern European countries generally place in the lower part of the ranking.

Read more about

Concrete Example of Transition to the Circular Economy

read more

According to the authors of the report, data from low ranking Eastern European economies highlight the overall trend that talent competitive countries benefit from high levels of quality of life and availability of skilled labor.

“At the lower end of the ranking, Romania (56th), Bulgaria (57th) and the Slovak Republic (59th) all decline in the Investment and Development factor. In the Appeal factor the Slovak Republic and Bulgaria drop and Romania rises. While Bulgaria and Romania slightly improve in the Readiness factor, the Slovak Republic drops several ranks because of a deterioration across all components of the factor,” the report says.

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.

This year, Switzerland once again confirms its role as an important global talent hub. It ranks 4th in Investment and Development, and 1st in both the Appeal and Readiness factors.

In addition, several European countries fall within the 25 most competitive with respect to talent. Belgium (11th), Cyprus (15th), Portugal (17th), Ireland (21st), United Kingdom (23rd), and France (25th) complete this list.

Switzerland tops the talent ranking for the fifth consecutive year confirming its role as an important global talent hub. It ranks 4th in Investment and Development, and 1st in both the Appeal and Readiness factors.

Denmark ranks 2nd in the overall ranking. Norway joins the top three, advancing four places with respect to last year, thanks to an improvement in indicators such as public expenditure on education and the readiness of its talent pool.