Survey Reveals Malaysia And Singapore Failed To Retain Top Talent In The Local Workforce

The World Talent Ranking 2016 presents a ranking of countries on their ability to develop, attract and retain talent.

Cover image via IBT Times

This year's World Talent Ranking has revealed that Singapore and Malaysia are slipping in terms of their ability to retain and attract top talent

Image via MyNewsHub

The World Talent Ranking 2016 - conducted by Swiss business school International Institute for Management Development (IMD) - presents a ranking of countries on their ability to develop, attract and retain talent.

The third annual World Talent report shows the overall ranking of 61 economies.

The survey took into account the three key factors of investment and development in homegrown talent, appeal, and readiness

The IMD Institution is one of the best business schools in the world.

Image via MBA Admission

Aside from that, the quality of education system, how well the country retains homegrown talent and attracts talent from oversea, and a country’s ability to fulfil market demands with its available talent pool were also considered in the study.

Malaysia has slipped from the 15th to the 19th spot while Singapore has tumbled out of the top ten ranking

Image via

Singapore was previously ranked at the 10th spot before dropping to the 15th spot.

Hong Kong is the highest-ranked Asian country in the ranking, placed 9th and the only Asian country within the top ten. It was previously ranked at number 12.

Other top Asian economies such as Taiwan, Japan, South Korea, China and India have also slipped in the 2016 ranking.

European countries like Switzerland and Denmark still hold the 1st and 2nd spot as they did last year. with Belgium rated 3rd, Sweden 4th and the Netherlands 5th

Switzerland continues to hold the top spot in retaining good talent.

Image via BBC

The research draws on more than two decades’ worth of competitiveness-related data, including an in-depth survey of thousands of executives who were studied from the 61 countries.

You can check out the full report here.

Another recent survey has stated that Malaysia's English proficiency is ranked 2nd in Asia:

You may be interested in: