Publiceret: 01.12.2016Af Felix Bekkersgaard Stark mail
The IMD World Competitiveness Centre has just published the results of its annual list of the competitiveness of 61 countries in terms of developing, attracting and retaining talent, the so-called IMD World Talent Report 2016.
Denmark is ranked second overall, only overtaken by Switzerland. That is the same ranking as last year while the Swedes have jumped seven places up the list to come in fourth overall.
“Again this year, Denmark is ranked an impressive second. This is because Danish businesses focus heavily on attracting and retaining talent and because employee motivation is very high. We are very pleased with this,” says Charlotte Rønhof, deputy director at the Confederation of Danish Industry.
The report divides results into three categories: Investment in Talent Development, Attractiveness for Talent and Skills Accessibility. According to the index, Denmark is a world leader in the first category.
Denmark’s impressive ranking is also due to the fact that the sky-high cost of state education grants is included as investment in education.
“It all looks good on paper, but it is worth noting that we actually spend more money on state education grants for students attending universities and colleges than we spend on the courses themselves. So this is not a true picture of investment in education of high quality and relevance. You could almost say that we have won a medal by doping. The Confederation of Danish Industry therefore looks forward to the government putting forward a proposal for a state education grant reform,” says Charlotte Rønhof.
See also: IMD World Talent Report 2016
In the Attractiveness for Talent category, Denmark is only ranked 11 which is due to the fact that foreigners are not especially attracted by the Danish job market, that Denmark has high living costs and has the second highest personal tax burden of the 60 countries that have been assessed.
“In the competition for talent, it is vital for Danish businesses that foreign specialists have Denmark on their radar. This calls for a branding strategy for marketing Denmark as an attractive place to live and work. And for us to ease the tax burden on high incomes in particular,” says Charlotte Rønhof.
See also: Foreign employees account for two thirds of Danish prosperity (in Danish)