STILL LAGGING:Talent flight continued to hurt businesses, as the nation’s brain-drain ranking remained unchanged in 50th place, indicating a lack of skilled personnel
Date: Nov 21, 2015
By: Crystal Hsu / Staff reporter
Taiwan was ranked the 23rd best nation that can retain, attract and groom talent, according to an annual report released yesterday by the International Institute for Management Development (IMD). The new ranking is four steps from Taiwan’s position last year.
This year Taiwan outperformed Japan (20), South Korea (31) and China (40), but lagged behind Singapore (10), Hong Kong (12) and Malaysia (15), the report showed.
The nation’s overall ranking improved even though various trade groups cited talent shortage as a pressing concern for doing business in Taiwan.
The IMD’s ranking considered three main categories: investment, appeal and readiness, which were derived from sub-factors including education, apprenticeship, employee training, brain-drain, cost of living, language skills and tax rates. [FULL STORY]