UAE named best in Middle East at retaining Business Talent

By Bizclik Editor

The UAE is the best economy in the Middle East at retaining talent according to 2014’s Global Talent Competitiveness Index.

With a global rank of 22nd, the Gulf country is joined by Qatar (25th) and Saudi Arabia (32nd) in the top 35 in the world; the number one spot being taken by Switzerland in a top 10 dominated by European nations.

READ OUR LATEST MAGAZINE ISSUE: January 2015 

The study, conducted by international business school INSEAD alongside Adecco and the Human Capital Leadership Institute of Singapore, measures a nation’s competitiveness based on the quality of talent it can produce, attract and retain.

Commenting on this year’s study, Ilian Mihov, Dean of INSEAD, said: “We live in a world where talent has become the core currency of competitiveness - for businesses and national economies alike. Yet there is an all-too-frequent mismatch between education systems and the needs of labour markets.

“Businesses and governments need new kinds of leaders and entrepreneurs, equipped with the skills that will help their firms and countries to thrive in the global knowledge economy. To help them making the right decisions in an increasingly complex environment, we need the kind of indicators and metrics that GTCI offers.”

Bruno Lanvin, executive director of Global Indices at INSEAD, and co-author of the report, said of the high ranking for the UAE, Qatar and Saudi Arabia: “All three countries share the same approach by which their respective governments have given priority to making life easier for business and more attractive for external talents. This is proving a successful combination.”

The top 10 countries globally are:

  1. Switzerland
  2. Singapore
  3. Luxembourg
  4. United States
  5. Canada
  6. Sweden
  7. UK
  8. Denmark
  9. Australia
  10. Ireland

See an infographic produced by Adecco to find out more about the study. 

Follow us on Twitter @BusinessRME and check out our Facebook page

Share

Featured Articles

Top 10 most innovative telecom operators in the Middle East

With Dubai-based Telecoms World Middle East in full swing, we chart the most innovative telcos from the region – and look at how they are transforming

Top 10 fastest-growing Indian companies in the UK

Business Chief takes a look at the top 10 fastest-growing Indian companies in the UK, according to the India Meets Britain Tracker from Grant Thornton

Top 10 workplaces prioritising people and planet in the UAE

Sustainable, flexible, collaborative, tech-driven, and amenities-rich, the office of the future considers both people and planet – here are 10 in the UAE

Top 10 female HR execs leading Saudi’s workplace transition

Leadership & Strategy

Top 10 largest asset managers by AUM operating in the UAE

Corporate Finance

Top 10 female CEOs leading Africa’s biggest businesses

Leadership & Strategy