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Luxembourg in the Top 10 of the worldwide INSEAD 2020 Global Talent Competitiveness Index

Published Tuesday February 18 2020

In January 2020, the INSEAD Business School published together with The Adecco Group and Google Inc. its 7th Global Talent Competitiveness Index (GTCI), addressing the theme of Global Talent in the Age of Artificial Intelligence. The study "explores how the development of Artificial Intelligence (AI) is changing the nature of work and forcing a re-evaluation of workplace practices, corporate structures and innovation ecosystems. As machines and algorithms continue to affect a multiplicity of tasks and responsibilities and almost every job gets reinvented, the right talent is required not only to carry out new responsibilities and ways to work, but also to capture value from this transformative technology. The study analyzes which companies, countries or cities are best positioned to benefit from the AI revolution and tries to find out how we can guarantee that a joint effort be made to ensure that AI-driven increased productivity benefits society as a whole.

Switzerland is leading the 2020 GTCI ranking with a score of 81.26. The United States are 2nd (79.09) and Singapore comes in 3rd place (78.48). Luxembourg (73.94) ranks 8th of the 132 countries, leading the writers of the study to the following conclusions: “Luxembourg (8th) stands out in two dimensions regarding talent competitiveness: attracting (2nd) and retaining (4th) talent. As for the former, the country has a high degree of External Openness (2nd) thanks to the country’s strong ability to attract foreign business and talent. As for the latter, Luxembourg’s world-class pension system and social protection contributes to its solid Sustainability (2nd). The country is a highly innovative and entrepreneurial country (it ranks 3rd in Talent Impact), but its pool of Global Knowledge Skills (11th) would increase with greater High-Level Skills (19th). Luxembourg’s lowest rankings are in the Grow (19th) and Vocational and Technical Skills (16th) pillars, where areas for improvement include strengthening Formal Education (60th) and ensuring the Employability (25th) of domestic talent in the private sector.”

In parallel, the study also examined individual cities, that often are attracting talents. In this Global Cities Talent Competitiveness Index, considering the categories Enable, Attract, Grow, Retain and Global Knowledge Skills, Luxembourg-City ranks 49th amidst 155 cities worldwide. This ranking is lead by New York City, followed by London and Singapore.

Further information can be found  here  .