With 2.95 million jobs added in 2014—the strongest year of growth since 1999—and unemployment rates in the mid-five percent range, it may be easy to believe that the labor market challenges of the last few years are a thing of the past, but are they?
Unfortunately, the answer is no. The economy has opened up, but the reality is that the workforce is something that continuously evolves—something that will only become more apparent as globalization impacts the way we work.
The main currency of this evolving workforce? Top talent. It’s no question that other countries are competing to develop, attract and hold on to the best of the best, so where does the U.S. fall in the mix?
According to the 2014 edition of the Global Talent Competitiveness Index (GTCI), an index that illustrates and measures how countries ranked in producing, retaining and attracting talent, the U.S. took the 4th spot out of 93 coming after Switzerland, Singapore, and Luxembourg.
What does the GTCI tell us about building a more competitive environment for talent?
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