Artificial Intelligence Era and Its Impact on Worldwide Skilled Workforce
The Global Talent Competitiveness Index (GTCI) 2020 has undergone significant updates, with a new focus on technology adoption and a revamped city ranking model. These changes reflect the growing importance of technology and digital transformation in shaping talent competitiveness.
The introduction of the "Technology Adoption" component is a key update. This new component measures how countries embrace technological advancements to enhance their talent ecosystems. It underscores the increasing significance of technology in the global war for talent.
In addition, the city ranking model has been revamped to better integrate the role of cities as talent hubs. This recognition of cities' critical function in attracting and retaining global talent is a significant shift in the GTCI's focus.
These updates aim to modernise the GTCI framework, aligning it with emerging global trends related to technology-driven talent dynamics and urban competitiveness. The 2020 GTCI provides a more comprehensive and forward-looking assessment of the factors that drive competitiveness in the global talent market.
The Global City Talent Competitiveness Index (GCTCI), a special section in the GTCI report, ranks 155 cities based on their talent competitiveness. The GCTCI model has also seen improvements, with a shift towards more business-oriented and impact-related indicators.
The GTCI model has been refined and improved for this year, with some indicators repositioned, variables removed or replaced, and new ones added. The share of values proxied by regional or national data has been reduced, and almost all values now refer to city-level data. Business- and impact-oriented variables, such as foreign direct investment and patent applications, have been introduced to the GCTCI model.
The GTCI, an annual benchmarking report, measures and ranks countries based on their ability to grow, attract, and retain talent. It provides data and analysis to help decision-makers develop talent strategies, overcome talent mismatches, and become more competitive in the global marketplace.
The GTCI was first launched in 2014, and the number of countries included in the GTCI has expanded from 125 in the previous year to 132 in the 2020 edition. The total number of cities included in the GCTCI has increased to 155 from last year.
For more detailed information about the GTCI 2020 changes and methodological notes, you can visit the World Economic Forum's or INSEAD’s websites, the main producers of the GTCI. For further information and contact regarding the GCTCI, please visit https://www.insead.edu/global-indices.
- The Technology Adoption component, newly introduced in the Global Talent Competitiveness Index (GTCI) 2020, underscores the increasing importance of technology in the global war for talent, as it measures how countries adopt technological advancements to boost their talent ecosystems.
- The refined Global City Talent Competitiveness Index (GCTCI), a special section in the GTCI report, has shifted towards more business-oriented and impact-related indicators, such as foreign direct investment and patent applications, to better reflect cities' roles as hubs for attracting and retaining global talent in the modern, technology-driven marketplace.
