GTCI 2018: Diversity for 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 2018, 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 2018
UK and Ireland
The GTCI indexes 119 countries in total. This year’s rankings for the UK and Ireland are:
- UK: 8
- Ireland: 13
Dublin, London, Cardiff, Birmingham
The GCTCI looks at 90 cities around the globe. Cities representing the UK&I, and their rankings, are:
- Dublin (IRE): 7
- London (UK): 14
- Cardiff (UK): 36
- Birmingham (UK): 38
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 (25th). It performs particularly well in the pillars of Global Knowledge Skills (3rd) and Enable (6th). 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 (3rd) – in terms of entrepreneurship and innovation outcomes in a business-friendly Market Landscape (7th). This is complemented by flexible labour markets and strong talent retention.
In contrast, the UK’s Internal Openness (18th) has room for improvement, particularly in the indicators related to gender equality.
Ireland is a top 15 country for all pillars; however only in the Attract (9th) pillar does it break into the top 10. Good talent attraction is the result of balancing good performance in both External and Internal Openness (ranked 10th and 12th respectively). Ireland is one of the best attractors of foreign business and thus it also experiences a Brain Gain (7th). Such talents come to an environment of high Social Inclusion, including a high Tolerance of Immigrants (4th). The country’s pool of Vocational and Technical Skills (14th) and Global Knowledge skills (12th) are well balanced.
Theme: Diversity for competitiveness
Diversity for competitiveness has been chosen as the theme for this year as it’s a crucial ingredient to talent competitiveness. The GTCI references that cognitive diversity has been directly linked with strong productivity (Scott Page, ‘The Difference. How the Power of Diversity Creates Better Groups, Firms, Schools, and Societies’, 2008).
The recommendations of the report are:
- Focus on mind-set rather than quotas; the best results are seen when a company has a true culture of inclusion.
- It might take longer to achieve some of the best solutions, but the results will then be long term.
- Change needs to start at primary school age, and strong role models and case studies are needed to drive that change.
To achieve innovation and prosperity, diversity and inclusion is what’s needed to remain competitive and evolve. Companies, governments and civil society all play a part in creating a culture of diversity.
In the UK, internal openness, and in particular, gender equality, did not rank highly. These are areas that we need to keep a close eye on so we don’t lose the advantages that diversity can offer us.