Philippines Climbs 6 Places in World Talent Ranking 2019, Third Most Improved Workforce in the World

The Philippines jumped six notches in the World Talent Ranking 2019, an annual survey by Swiss business school International Institute for Management Development (IMD). The Philippine workforce landed at 49th place on the list of most skilled workforce economies in the world. This a leap for the Philippine workforce after the country settled at 55th place in 2018, among the lowest of the 63 economies included in the study.

The IMD World Talent Rankings assesses three factors in a country’s economy: Its ability to develop homegrown talent, its appeal or ability to attract local and foreign talent, and its readiness and quality of the workforce’s skills and competencies.

The Philippines had one of the largest improvements in this year’s rankings, thanks to the increase of available skilled laborers, a higher percentage of graduates in the sciences, and the availability of language skills. IMD also noted how the prioritization of employee training contributed to the country’s improvement, as well as a more motivated workforce and competent senior managers.

Read more: Esquire