Future of Employment Vividly Depicted as Diverse by the GTCI in their 2018 Forecast
The 2018 Global Talent Competitiveness Index (GTCI) Report, developed in collaboration with the World Economic Forum (WEF), INSEAD, and Tata Communications, will be presented in Davos, Switzerland on Monday, January 22, 2018, offering valuable insights into effective diversity and inclusion strategies [1][2][3].
This year's GTCI report, an annual publication that ranks countries and cities on their talent competitiveness, will focus on talent diversity as a crucial factor in navigating the changing global context, global instability, and volatility [4]. The presentation, taking place on the eve of the WEF Annual Meeting, will highlight countries and cities that demonstrate successful strategies in attracting, retaining, and developing diverse talent [1].
High-ranking countries such as Switzerland, the United States, Singapore, the Netherlands, and Germany have been recognised for fostering environments where diverse talents thrive through supportive policies and innovation-friendly ecosystems [1]. These countries focus on creating inclusive work cultures, promoting equal opportunities, and investing in education and skills development [1][4][5].
Inclusive policies and practices ensure that hiring, promotion, and compensation processes are free from bias and encourage diverse participation [4]. A sustained investment in education and training programs equips diverse populations with necessary skills while promoting lifelong learning, helping retain talent [4].
Developing innovation hubs and research institutions that encourage collaboration among diverse groups enhances talent appeal and development, while offering competitive compensation, flexible work conditions, and career development opportunities attracts and retains diverse global talent [3].
For example, Switzerland, the top-ranked country in 2018, benefits from strong institutions and an open, inclusive culture [1]. The United States emphasises diversity through policies and benefits that support various demographic groups [1]. Singapore focuses on creating multicultural workplaces that support minority groups and international talent [1]. Additionally, the UAE and Saudi Arabia offer competitive salaries and tax advantages to attract skilled professionals, supporting diversity by drawing from a wide pool of global talent [1][3].
This year's WEF agenda focuses on inclusive and sustainable models for growth, with a call for unparalleled cooperation to solve global societal fractures [2]. The best practices demonstrated by high-ranking countries in the GTCI will contribute to a more sustainable future of work, promoting an innovative future of work and leading to a shared future of work [4][5].
In conclusion, the 2018 GTCI report will share best practices from high-ranking countries and cities, emphasising the importance of diversity and inclusion in talent development and retention. By embedding diversity and inclusion into corporate strategies and national policies, supporting talent through education and innovation infrastructure, and crafting attractive, equitable work environments that promote career growth for all employees, countries can navigate the changing global context and build a more sustainable and innovative future of work [1][3][4][5].
[1] World Economic Forum. (2018). Global Talent Competitiveness Index 2018: Regional Analysis. Retrieved from https://www.insead.edu/gtci/rankings/2018/regional-analysis
[2] World Economic Forum. (2018). WEF Annual Meeting 2018. Retrieved from https://www.weforum.org/events/world-economic-forum-annual-meeting-2018
[3] World Economic Forum. (2018). The Future of Jobs Report 2018. Retrieved from https://www.weforum.org/reports/the-future-of-jobs-report-2018
[4] World Economic Forum. (2018). Shaping the Future of Education, Gender and Work. Retrieved from https://www.weforum.org/projects/shaping-the-future-of-education-gender-and-work
[5] World Economic Forum. (2018). The Future of Work: A New Social Contract. Retrieved from https://www.weforum.org/reports/the-future-of-work-a-new-social-contract
- To sustain a competitive edge in the future of work, businesses should prioritize diversity and inclusion strategies, and invest in education and skills development to attract, retain, and develop a diverse talent pool.
- Successful countries in fostering a sustainable future of work invest in inclusive work cultures and practices, creating environments where diverse talents are encouraged to participate equally and contribute to innovation and economic growth.
