Singapore retains its crown as Asia’s most talent-competitive country

Globally, Singapore ranked second in talent competitiveness.

Singapore is still the most talent-competitive country in Asia, according to Insead’s Global Talent Competitiveness Index 2023.

Globally, Singapore ranked second with an overall score of 77.1, behind Switzerland (78.6).

By pillar, Singapore ranked 1st in Global Knowledge Skills. “its highly-educated labour force and innovative economy contribute to its top rank in the High-Level Skills and Talent Impact sub-pillar,” Insead said.

The city-state also made it into the top three in the following pillars: Attract (2nd), Grow (3rd), and Vocational and Technical Skills (3rd). 

“In these pillars, its top-ranked Formal Education, its ability to match workforce supply and labour market demand, and its 4th-placed ranking for External Openness towards overseas business and talent are particularly impressive,” Insead said.

The country’s main weakness remains its ability to Retain talent. In the "Retain" pillar, Singapore ranked 38th.