All over the world, economies are competing to attract, develop and retain the world’s brightest minds. Denmark retains its position as the world’s number two in terms of providing the best conditions for nurturing a skilled workforce.
For the fifth year in a row, Denmark is the second best country in the world at cultivating, attracting and retaining a skilled workforce, according to the IMD World Talent Ranking 2019 report.
“Cultivating, attracting and retaining a skilled workforce is crucial to strengthen competitiveness and achieve long-term prosperity, particularly in the current dynamic landscape where artificial intelligence, robotics and other new technologies constantly redefine the challenges that governments, businesses and society in general will have to face in the future”
- The IMD World Talent Ranking, 2019
Denmark invests in talent
To assess the 63 economies studied, the IMD World Talent Ranking evaluates three factors: Investment & Development, Appeal, and Readiness.
Denmark is especially praised for its effort to nurture home-grown talent.
- #1st in Investment & Development
- #6th in Readiness
- #11th in Appeal
High employee motivation and excellent language skills
At the indicator level, Denmark is first in the levels of worker motivation in companies and in the fair administration of justice.
It ranks second in government expenditure on education (per student), the prioritisation of employee training, and the availability of language skills.
Denmark ranks third in several indicators including attracting and retaining talents by the private sector.
Lack of appeal – but is this just?
In this year’s World Talent Ranking, Denmark drops to 11th place in the appeal factor.
Nonetheless, a closer look at the indicator level shows that Denmark has the world’s highest worker motivation, the country comes third place in attracting and retaining talent in companies, it has the world’s fourth best quality of life, and it comes fifth place in remuneration in services professions.
Dragging down Denmark’s appeal are primarily to factors; cost of living and personal income tax rate. However, these factors are closely related to Denmark’s very high living standards:
“The Danish welfare system, based on tax revenues, provides free healthcare and education to all citizens as well as generous parental leave and inexpensive childcare facilities – which gives men and women equal opportunities to work full-time. Owing to circumstances like these, the Danes are some of the happiest people in the world – and one of the most productive and hardworking workforces in Europe”
- Nikolaj Lubanski, Talent Director, Copenhagen Capacity
Top 10 countries for talent, 2019
How can we help your company?
If you want to know more about how Copenhagen Capacity can help your company attract international talent to your vacant positions in Denmark, please contact Senior Talent Acquisition Manager, Dan Rosenberg, via e-mail: firstname.lastname@example.org or phone: 0045 60 85 15 60.