Financial Times: Copenhagen has the world’s best workforce
12 December 2018
Financial Times has named Copenhagen the world’s best large city in terms of human capital and lifestyle - and the world’s second best for business friendliness.
Copenhagen is almost a world champion in winning international awards for its cool lifestyle. Now, the Danish capital also have the experts’ word for being the large city in the world with the best workforce and ability to attract and develop talent – and offering the world’s second-best business environment.
Financial Times has announced Copenhagen winner of the award “Human Capital and Lifestyle” among large cities worldwide in the ranking Global Cities of the Future 2018/19.
“Talent is one of the most important factors determining where companies invest; and providing a rich pool of talent and an environment conducive to attracting and retaining educated, skilled workers is crucial to competitiveness. Copenhagen’s top place ranking for Human Capital & Lifestyle among large cities in our global benchmark is therefore an important accolade”
- Courtney Fingar, editor-in-chief of fDi Magazine.
Financial Times distinguishes between “Mega Cities”, “Major Cities”, “Large Cities” and “Mid-sized and Small Cities”, and Copenhagen falls into the Large Cities category.
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Copenhagen has the world’s second-best business climate
Copenhagen comes second place in the category Business Friendliness among large cities, only surpassed by Dublin, but outcompeting cities such as Stockholm, Oslo, Berlin and Hamburg.
“The recent recognition by the Financial Times is a tribute to Copenhagen. The city as well as the Greater Copenhagen region offer one of the world’s most dynamic and attractive business environments with innovative companies and industry clusters, highly skilled talent, competitive taxes, and a famously flexible labour market. We are ready to assist foreign companies who wish to explore business opportunities here”
- Claus Lønborg, CEO, Copenhagen Capacity.
The best place to live
The ability to attract and retain talent is, among other things, owing to Copenhagen’s way of life and the Danish work culture. If you decide to make Copenhagen your new home, you will quickly discover why its citizens call it one of the world's most family-friendly places to live.
In Copenhagen, employees have a high degree of autonomy and empowerment at work, and everyone’s opinion is important – and work-life balance is a cornerstone of Danish business culture.
“It is great when Copenhagen is recognized by serious international analysis and media institutions. Everyone living in Copenhagen knows that it is the world’s best city to live in – now we also get recognition for offering optimal business conditions and for having the best workforce. Hats off to Copenhagen for attracting talented companies and employees”
- Frank Jensen, Lord Mayor of Copenhagen.
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About the fDi ranking
- The Global Cities of the Future 2018/2019 rankings are developed by fDi Intelligence, one of the world’s leading analysis institutions owned by the global news group Financial Times Group.
- Financial Times distinguishes between “Mega Cities”, “Major Cities”, “Large Cities” and “Mid-sized and Small Cities”. Copenhagen falls into the Large Cities category.
- In the Human Capital and Lifestyle ranking, fDi Intelligence has assessed factors such as: number of higher education institutions, top 500 universities, number of third level students, education expenditure (% of GNI), labour force as share of population aged 15+, as well as the ability to attract and retain talent.
- In the Business Friendliness ranking, fDi Intelligence has assessed factors such as: number of companies in the knowledge-based sector, number of jobs created by inward foreign direct investment, corporate tax %, days taken to start a business, firing costs, ease of doing business, and corruption.
- fDi Intelligence ranks the top locations in the following categories: Economic Potential, Cost Effectiveness, Connectivity, Human Capital and Lifestyle, Business Friendliness and FDI Strategy.