GTCI 2019: Entrepreneurial Talent and Global Competitiveness
What is the GTCI?
Launched for the first time in 2013, the GTCI is a report produced on an annual basis by The Adecco Group, together with international business school INSEAD, and for 2019, Tata Communications. The Index lists countries in terms of ‘talent competitiveness’, according to a range of variables.
The report also contains the GCTCI (Global Cities Talent Competitiveness Index), which ranks cities around the world on their talent competitiveness.
Each year the report focuses on a theme relevant to talent competitiveness, giving tangible examples of good practice and where improvements can be made.
The GTCI 2019
UK and Ireland
The GTCI indexes 125 countries in total. This year’s rankings for the UK and Ireland are:
- UK: 9
- Ireland: 16
Dublin, London, Cardiff, Birmingham
The GCTCI looks at 114 cities around the globe. Cities representing the UK&I, and their rankings, are:
- Dublin (IRE): 35
- London (UK): 14
- Cardiff (UK): 53
- Birmingham (UK): 68
The Index is created by looking at 68 different variables; these are the measurements for a country’s talent competitiveness. Talent competitiveness is defined as:
‘The ability to attract, develop and retain skilled workers, to support productivity and prosperity.’
The UK ranks consistently around the top 10 for most pillars, except Vocational and Technical Skills (27th). It performs particularly well in the pillars of Global Knowledge Skills (5th) and Enable (9th). The UK has been an attractor of talent with its good External Openness (6th), and it uses these skills to achieve top marks in Talent Impact (6th) – in terms of entrepreneurship and innovation outcomes in a business-friendly Market Landscape (9th). This is complemented by flexible labour markets and strong talent retention.
In contrast, the UK’s Internal Openness (24th) has room for improvement, particularly in the indicators related to gender equality.
Ireland is the only country to drop out of the top 15 – being replaced by Germany; in the Attract pillar they drop to 11th from 9th compared to last year. Good talent attraction is the result of balancing good performance in both External and Internal Openness (ranked 11th for both). Ireland has seen a drop-off as one of the best attractors of foreign business and has seen its Brain Gain ranking fall from 7th out of the top 10 to 11th. A principle reason for attracting foreign business and workers is an environment of high Social Inclusion, including a high Tolerance of Immigrants, which has seen Ireland experience a fall from 4th to (7th). The country’s pool of Vocational and Technical skills (13th) and Global Knowledge skills (11th) are well balanced and one up respectively on last year.
Theme: Entrepreneurial Talent and Global Competitiveness
This year’s report has a special focus on entrepreneurial talent – how it is being encouraged, nurtured and developed throughout the world and how this affects the relative competitiveness of different economies. New approaches are emerging to stimulate entrepreneurial and intrapreneurial talent and futureproof employees – for example, the efforts to develop bottom up innovation and empower employees.
Such progress is especially true in the cities, where ‘smart cities’ ecosystems are increasingly acting as talent magnets. The results further show:
- the highest-ranking countries and cities tend to be the most open to entrepreneurial talent
- digitisation and globalisation are increasing the role of entrepreneurial talent.
The report also reveals that cities rather than countries are developing stronger roles as talent hubs and will be crucial to reshaping the global talent scene.