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AHORE: Pakistan was ranked 54 out of 60 economies in the Global Talent Index (GTI) prepared by Economist Intelligence Unit for 2015 with India occupying the 35th spot - 19 places above Pakistan. Experts cite country’s poor compulsory and university education for the dismal score.
The ranking is based on a score of 1-100 in which demographics have 11.1 percent weight compulsory education 30.8, and university education 22.2 percent, quality of the labor force 22.2 percent, talent environment 11.1 percent, openness 11.1 percent and proclivity to attracting talent 11.1 percent.
United States with a score of 74.5 percent ranks number one Global Talent Index (GTI) – a position it has been enjoying since 2007 and 2011.
Pakistan’s score in GTI 2015 was 30.8 which improvement 3.8 points over its score in GTI 2011. This increase in score has helped Pakistan climb up two positions from 54 to 56.
The GTI 2015 report says that talent remains an important component of countries’ and businesses’ long-term competitiveness. How they develop, attract and retain talent should therefore remain high on the agenda of policymakers and business leaders for the foreseeable future.
The Global Talent Index Report: The Outlook to 2015 seeks to inform their thinking by assessing talent trends around the world on two dimensions: at the international level through a benchmarking index of talent environments in 60 countries
It further pointed out that the US lead is almost one full point (on a 1-10 scale) in 2011 and 2015 over the next best performers. The country’s foremost strengths are the excellence of its universities, the high overall quality of its existing workforce and a meritocratic environment that is relatively unencumbered by restrictive labor regulation.
China rises to 31st place in the GTI in 2015 from 33rd in 2011, but more notable is the five-point improvement in its score – the largest increase in 2015 of any country in the index.
Unsure of the local availability of skilled staff, companies in Asia often recruit individuals with potentials and try to hone their skills. Creativity in overcoming challenges is the most serious shortcoming identified by executives in new and potential hires – most keenly felt in Asia
In demographics, Pakistan’s score was 56 percent, which was lower than 75.8 percent score of India and 72.8 percent of China but higher than 39.6 percent that of United States. In compulsory education, Pakistan obtained a paltry 5.9 percent compared with 81.3 percent by the US, 66.9 percent by China and 30.5 percent by India. Similarly in University education Pakistan’s score was low at 6.7 percent while it’s was 82 percent in US, 32.1 percent in China and 15.7 percent in India.
In quality of labor force Pakistan scored 34.4 percent, India 64.2 percent, China 41.2 percent and the United States 89.6 percent. In ‘talent environment,’ Pakistan’s score was 45.8 percent, India 50.4 percent, China 59.7 percent and the US100 percent. In ‘openness,’ Pakistan’s score of 51.1 percent was much better than US score of 34.1 percent and India’s score of 34.7 percent.
China’s score of 51.5 percent was slightly better than Pakistan under the head of openness. In proclivity to attracting talent Pakistan’s score was 35.8 percent which was higher than 20 percent in China and 29.9 percent in China but it was almost half of the US score of 79.1 percent.
Analyzing the figures, economist Amina Usman said that GTI score has clearly indicative that the demographic advantage is directly related to the level of education available to the human resource. She said even productivity is subject to the availability of highly qualified workforce. Pakistan may have 65 percent population below the age of 30 but the demographic advantage is nullified due to low education profile of the country.
Pakistan ranks 54th in Global Talent Index - thenews.com.pk
The ranking is based on a score of 1-100 in which demographics have 11.1 percent weight compulsory education 30.8, and university education 22.2 percent, quality of the labor force 22.2 percent, talent environment 11.1 percent, openness 11.1 percent and proclivity to attracting talent 11.1 percent.
United States with a score of 74.5 percent ranks number one Global Talent Index (GTI) – a position it has been enjoying since 2007 and 2011.
Pakistan’s score in GTI 2015 was 30.8 which improvement 3.8 points over its score in GTI 2011. This increase in score has helped Pakistan climb up two positions from 54 to 56.
The GTI 2015 report says that talent remains an important component of countries’ and businesses’ long-term competitiveness. How they develop, attract and retain talent should therefore remain high on the agenda of policymakers and business leaders for the foreseeable future.
The Global Talent Index Report: The Outlook to 2015 seeks to inform their thinking by assessing talent trends around the world on two dimensions: at the international level through a benchmarking index of talent environments in 60 countries
It further pointed out that the US lead is almost one full point (on a 1-10 scale) in 2011 and 2015 over the next best performers. The country’s foremost strengths are the excellence of its universities, the high overall quality of its existing workforce and a meritocratic environment that is relatively unencumbered by restrictive labor regulation.
China rises to 31st place in the GTI in 2015 from 33rd in 2011, but more notable is the five-point improvement in its score – the largest increase in 2015 of any country in the index.
Unsure of the local availability of skilled staff, companies in Asia often recruit individuals with potentials and try to hone their skills. Creativity in overcoming challenges is the most serious shortcoming identified by executives in new and potential hires – most keenly felt in Asia
In demographics, Pakistan’s score was 56 percent, which was lower than 75.8 percent score of India and 72.8 percent of China but higher than 39.6 percent that of United States. In compulsory education, Pakistan obtained a paltry 5.9 percent compared with 81.3 percent by the US, 66.9 percent by China and 30.5 percent by India. Similarly in University education Pakistan’s score was low at 6.7 percent while it’s was 82 percent in US, 32.1 percent in China and 15.7 percent in India.
In quality of labor force Pakistan scored 34.4 percent, India 64.2 percent, China 41.2 percent and the United States 89.6 percent. In ‘talent environment,’ Pakistan’s score was 45.8 percent, India 50.4 percent, China 59.7 percent and the US100 percent. In ‘openness,’ Pakistan’s score of 51.1 percent was much better than US score of 34.1 percent and India’s score of 34.7 percent.
China’s score of 51.5 percent was slightly better than Pakistan under the head of openness. In proclivity to attracting talent Pakistan’s score was 35.8 percent which was higher than 20 percent in China and 29.9 percent in China but it was almost half of the US score of 79.1 percent.
Analyzing the figures, economist Amina Usman said that GTI score has clearly indicative that the demographic advantage is directly related to the level of education available to the human resource. She said even productivity is subject to the availability of highly qualified workforce. Pakistan may have 65 percent population below the age of 30 but the demographic advantage is nullified due to low education profile of the country.
Pakistan ranks 54th in Global Talent Index - thenews.com.pk
