Hungary cut a poor figure in international ranking: we waste our talents

According to Portfolio.hu, Hungary fell back from the 41st place to the 52nd in the Global Talent Competitiveness Index (GTCI), an order of rank based on the countries’ efficiency of training and keeping talented workers. 119 countries were ranked.

The concept behind GTCI is that the competition among countries regarding the training and support of talented workers has sharpened. The countries performing outstandingly well can get a competitive advantage in the field of innovation and, eventually, economic growth. The study opts to guide the decision makers of individual countries regarding the fields they need to improve to make their talent nurturing more efficient.

The Talent Competitiveness Index evaluates countries based on 6 components: Enable, Attract, Grow, Retain, Vocational and Technical Skills (VT), Global Knowledge (GK).

In the latest GTCI ranking Hungary drifted back to 52nd place from last year’s 41st.

Kazakhstan, Jordan, Croatia, and Bulgaria also outrun Hungary. In the Easter-Central European region, only Serbia and Romania are behind us.

Hungary is in a rather good position considering Retain, Vocational and Technical Skills (VT), and Global Knowledge (GK). But it backlogs in the factors of Attract and Grow.

Switzerland ranks first place followed by Singapore and the US.

7 more European countries are in the top 10: Norway. Sweden, Finland, Denmark, UK, the Netherlands, and Luxembourg.

The study highlights the connection between talent and multicolouredness and its dimensions. The latter can be a determining source of a nation from developmental and innovational perspectives.  The utilisation of these shows openness towards people of different mindsets or people of different sexes, personalities, origins or social backgrounds. GTCI evaluates countries based on the following factors: Tolerance, Equality among sexes, Social mobility, and Cooperation.

Hungary ranks well in the field of cooperation across companies. At the same time, it is among the last ones regarding cooperation within companies and social mobility.

Source: portfolio.hu