WellTax Blog

Talents: Italy in 36th place for attractiveness, the Rome and Bologna race

January 23, 2018

According to the Global Talent Competitiveness Index created by Adecco in collaboration with INSEAD and Tata Communications, out of 119 countries and 90 cities in the world, Italy ranks behind Lithuania and Costa Rica. Switzerland, Singapore and the USA lead the way

Italy is the 36th country in the world in terms of ability to attract talent, surpassed by Lithuania and Costa Rica and only one position ahead of Cyprus. It is just one of the results of the latest edition of the GTCI research by The Adecco Group, Insead and Tata Communications which analyzes the attractiveness of 119 countries and 90 cities in the world and delves into the themes of diversity and inclusion as a growth lever of talent. The most attractive country in the world is confirmed to be Switzerland, followed by Singapore and the USA.

Zurich, Stockholm and Oslo top the city rankings

Italy, with thirty-sixth place, is followed by Cyprus (37th), Bahrain (38th) and Poland (39th) but ranks behind Lithuania (34th) and Costa Rica (35th) . Investments from abroad, international institutions and the university system are the driving elements for Rome, a new entry in the ranking and second, before Turin and Milan among the most attractive Italian cities in a ranking led by Northern European cities such as Zurich, Stockholm and Oslo . The ranking, communicated by The Adecco Group, global leader in human resources management, as part of the World Economic Forum, places Bologna in first place (47th out of 90) thanks to its quality of life and ability to promote innovation, followed by Rome (50th), Turin (52nd) and Milan in 53rd place penalized by environmental factors and higher cost of living. The strengths of our country highlighted by the survey are the economic recovery (with an increase in GDP expected at +1.4% for 2018), the growth of foreign investments in Italy, a school system that communicates with the world of business and trains highly qualified professionals.

Taxation, bureaucracy and the bureaucratic system weigh on the judgment

The aspects that weigh on the overall score and undermine Italy’s ability to attract and cultivate talent are the taxation system, the bureaucracy and the judicial system. Andrea Malacrida, CEO of the Adecco Group in Italy commented: “The institutional and economic world must collaborate to consolidate and increase the strengths of a country like Italy rich in potential, culture and stories of excellence. GTCI 2018 data confirms the need to accelerate innovation processes and be aligned with the highest international standards. The Adecco Group has implemented important projects in Italy aimed at developing skills by focusing on employability rather than employment in the strict sense for a medium-long term vision. A strategy that if it becomes a system could be the key to success for the entire country”.

The issue of diversity is fundamental for the development of talent

Considered a fundamental condition for the development of talent, the topic of diversity was addressed by GTCI 2018 in a dedicated in-depth analysis. In a global context characterized by rapid changes and geopolitical instability, the survey demonstrates how the future of work will pass through an increasingly inclusive valorization of talent. It is no coincidence that the countries and cities highest in the ranking are also those that have the most open and inclusive approaches. From this point of view, Italy is a tolerant country, but the performance of indicators on gender equality and social mobility is weak for a developed country. “The human and social qualities of Italy – added Andrea Malacrida – and of Italians have emerged forcefully from our research, but at the same time it is necessary to reflect on how much these values still struggle to be an integral part of the economic fabric and the world of ‘business. The attractiveness of a country, the choice of many professionals to live and work in Italy also depends on how diversity policies are applied. The innovation of which we are ambassadors must have concrete confirmation in an open, tolerant and equality-based world of work”

Article from the “Corriere della Sera”

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