March 5, 2019 – Canada is among the most competitive countries in the world when it comes to attracting global talent, with Montreal its best performing city, according to a new index.
The Global Talent Competitiveness Index ranks countries and cities on their ability to produce, attract, develop and retain the world’s brightest workers.
Canada came out 15thon the country ranking, scoring highly for its ability to attract and grow talent, its lack of regulatory barriers and overall skill level of its workers.
Global Talent Competitiveness Index 2019: Top 20 Countries
Montreal, meanwhile, came out 24thon the city list, with high scores on the education level of its workforce and population, quality of life and environment, plus affordability.
Other Canadian cities to feature highly include Ottawa in 29thplace and Toronto 33rd.
Global Talent Competitiveness Index 2019: Top 25 Cities
|1||Washington, DC (US)||69.2|
|8||New York (US)||64.6|
|10||Seoul (South Korea)||62.7|
|12||San Francisco (US)||62.5|
|15||Taipei (Chinese Taipei)||60.5|
|22||Los Angeles (US)||57.8|
|25||Prague (Czech Republic)||55.7|
Other Noteworthy Cities:
Ottawa also score highly on environment and quality of life, as well as for high education levels. Toronto, meanwhile, scored highly on education, quality of life and access to internet, losing out on affordability.
Looking deeper into Canada’s performance, it is no surprise to see it come out seventh on the world on attracting global talent.
Considerable work has been done under the Liberal government to make it easier for Canada to bring in the world’s best foreign workers.
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Within the ‘Attract’ category of the index, Canada scored highest on tolerance towards immigrants, social mobility and prevalence of foreign ownership.
One of the important trends noticed in this year’s index was towards entrepreneurship, another area in which the Canadian government is pushing hard for growth.
The federal Liberals will be happy to have scored highly in the ‘Enable’ category, coming out 11thin the world on factors such as political stability, lack of corruption, professionalism of management and government effectiveness.
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While Canada is doing well on attracting foreign talent, it is also developing its own, scoring highly in the index’s ‘Grow’ category, featuring a multitude of factors relating to its education system.
Elsewhere. Canada’s high score for the ‘Global Knowledge Skills’ category of the index was based around being No 1 in the world for the tertiary education of its workforce and population.
It also scored highly on availability of scientists and engineers and entrepreneurial activity.
While the index portrayed a strong across-the-board performance from Canada, 15th position means there is plenty of room for improvement in a list spearheaded by Switzerland, Singapore and the USA.
Canada’s policymakers under the Liberal government will be scouring for ways they can improve the country’s global talent competitiveness.
Video: Tackling Canada’s Technology Sector Shortage Using Global Talent Stream
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