Switzerland is once again the country with the greatest ability to develop both homegrown talent and to attract talent from abroad, according to the IMD World Talent Ranking 2021 published by the International Institute for Management Development (IMD) in Lausanne. Switzerland has come in first place for the sixth consecutive year in the annual ranking. And this year again, the gap between Switzerland and the other countries is noticeable. While the IMD analysts gave Switzerland a full 100 points, second-placed Sweden received 90.611 points, and Luxemburg received 88.344 points in third place.
Switzerland is a talent incubator
Switzerland is a top performer both in terms of total investment in the education system and talent development, as well as in the quality of talent itself. It has the best apprenticeship training in the world and is the global number two in terms of public expenditure per student. The international experience of its managers is top-notch, and the education of its students and managers meets the needs of companies like no other country in the world.
International talent attracted to Switzerland
Switzerland is also highly appealing to international talent, and highly skilled professionals are attracted to it like to no other country. Specialists in Switzerland benefit from a high purchasing power in addition to the world’s best healthcare system. Although the cost of living is comparatively high, Switzerland offers the second-highest quality of life overall.
This year, 64 countries were represented in the ranking. Among Switzerland’s neighbors, Austria made it to seventh place, Germany to tenth place, France came in 25th, and Italy in 35th. The analysts at the IMD World Competitiveness Center and their colleagues from partnering institutes surveyed thousands of managerial staff to compile the ranking.