Nations and companies are fighting for competent workers in the “war of talent”. In the ninth edition of the Global Talent Competitiveness Index 2022 (GTI), Luxembourg is now ranked 11th. In 2020 and 2021, the Grand Duchy was still in the top 10.
“Luxembourg, which dropped from 4th in the earlier period to 9th in the later, is the country with the largest movement in the top 10, although it should be mentioned that this was the result of other countries outperforming it and that Luxembourg actually improved its GTCI score over the two periods,” the report says.
The main topic of this year’s edition is inequalities in the world, particularly on the global talent scene. “COVID taught us many important lessons in this regard. One of them is that in times of crises, the weakest are the ones who suffer most. Another is that, under extreme conditions, what looked impossible sometimes becomes feasible, and our view of the future changes in the process,” Bruno Lanvin Co-Founder and Director of Portulans Institute and Felipe Monteiro Academic Director of the Global Talent Competitiveness Index wrote in the report.
The study also carries a city ranking, where Luxembourg ranks 15th, behind cities like San Francisco, Munich, Dublin and Stockholm.
The 9th edition of the report covers 133 countries and 175 cities from 79 economies around the world, across all income groups. It is a comprehensive annual benchmarking report that measures how countries and cities grow, attract and retain talent. It provides a resource for decision makers to understand the global talent competitiveness picture and develop strategies to boost their economies. The GTCI report is published annually by INSEAD, the Business School for the World, in partnership with Portulans Institute and Human Capital Leadership Institute (HCLI).