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Asia Matters
Asia Ireland Higher Education and Global Talent Forum
9 July 2015Radisson Blu Royal Hotel, Dublin
@asiamatters_biz #AsiaIrlTalent @asiabizweek
‘How Asia and Ireland Can Partner in Education to Create Global Talent Clusters and Drive FDI’
9 July 2015Radisson Blu Royal Hotel, Dublin
Meeting Future Industry Need in Asia and Europe: The Renaissance of
Vocational EducationProf. Paul Evans
Academic Director Global Talent Competitiveness Index, INSEAD
Building & Sustaining “Talent Competitiveness”
MEETING INDUSTRY NEEDS IN ASIA & EUROPE
Paul EVANSThe Shell Chaired Professor of Human Resources & Organisational Development, EmeritusINSEAD, Fontainebleau & Singapore
Asia Ireland Higher Education and Global Talent Forum Dublin, 9 July 2015
Paul Evans
How do countries score on Talent Competitiveness* ?
And how can they do better?
* See http://global-indices.insead.edu/
Global Talent Competitiveness Index Launch – Singapore, November 2013Global Talent Competitiveness Index Launch – Davos 20 Jan 15
The GTCI is a multi-stakeholder effort
Talal Abu-Ghazaleh - TAG OrgThierry Breton - Atos OriginPeter Cappelli - WhartonArnoud De Meyer - SMUYoko Ishikura - Keio UniversityMats Karlsson - World BankVineet Nayar - HCL Technologies
Research undertaken by INSEAD
INSEAD Academic Network & International Advisory Board
Three partners: the Human Capital Leadership Institute and Adecco, with INSEAD
Independent statistical audit by the Joint Research Centre of the European Commission
Paul Evans
A tool for action covering 93 countries
LV – Labour and Vocational GK – Global Knowledge
Paul Evans
The ‘Top 20’ (out of 93 countries)
Many talent competitive countries are small and rich, and the majority of GTCI leaders are European
– Openness is critically important
– Employable skills are the goal
– Balancing Global Knowledge Skills and Vocational Skills is a key to success
GTCI Rankings1. Switzerland 11. Norway
2. Singapore 12. Netherlands
3. Luxembourg 13. Finland
4. United States 14. Germany
5. Canada 15. Austria
6. Sweden 16. New Zealand
7. United Kingdom 17. Iceland
8. Denmark 18. Belgium9. Australia 19. Estonia
10. Ireland 20. Japan
Paul Evans
Talent and GDP per capita
Source: GDP per capita in PPP$ and population data (represented by the size of the bubbles) are drawn from World Development Indicators, World Bank. The trend line is a polynomial of degree two (R2 = 0.771)
Paul Evans
Talent and GDP per capita : Europe in Focus
Paul Evans
Talent and GDP per capita : Asia in Focus
7 8 9 10 11 1220
30
40
50
60
70
80
High IncomeUpper Middle IncomeLower Middle Income
GDP per capita (measured in logs)
GT
CI S
co
re
Paul Evans
Growing talent for today and tomorrowCountries that excel in growing talent relative to their income groups
HighIncome
(41 countries)
Netherlands (12)
United States (4)
Switzerland (1)
Canada (5)
Denmark (8)
Paul Evans
Growing talent for today and tomorrow
Eastern & SoutheasternAsia Region
Singapore (2)
Japan (20)
South Korea (29)
China (41)
Thailand (61)
Malaysia (35)
Philippines (54)
Paul Evans
18 million unemployed in Europe, including 5 million young people …
8 million vacant positions in Europe and the USA …
The talent war in Asia …
60% of US college grads cannot find a job in their field, and 30% of South Korean graduates are not employable …
Technology and automation are more rapidly hollowing out the job market than we expected.
Paul Evans
The Renaissance of Vocational Education
Paul Evans
• Lessons from the GTCI talent leader: CH
• The importance of cross-over paths into higher education
• Continuing education
The model of 20 years of education followed by 40 years of work doesn’t fit with the realities
of today’s fast-moving world
Paul Evans
Growing talent in Europe
0
10
20
30
40
50
60
70
80
Netherlands(1)
Switzerland(3)
Sweden (6) UnitedKingdom (8)
Ireland (11) Germany (19)
Scor
e in
GTC
I Gro
w P
illar
Formal Education Lifelong Learning Access to Growth Opportunities
Paul Evans
Growing talent in Asia Pacific
Paul Evans
If you want to live the American dream, go to Denmark!
•Social mobility (NO#4, DK #5, IE #20)*
•Meritocracy - Reliance on professional management (NO#3, DK #6, IE#13)*
•Growth opportunity – Willingness to delegate authority (NO#3, DK #1, IE#12)*
* SOURCE: WEF Executive Opinion Survey, 2012-3
Paul Evans
If you want to live the American dream, go to Denmark!
• Social mobility (NO#4, DK #5, IE #20)* (SG#8, MY#24, CN#49, ID#51)
• Meritocracy - Reliance on professional management (NO#3, DK #6, IE#13)* (SG#8, MY#20, ID#28, CN#36)
• Growth opportunity – Willingness to delegate authority (NO#3, DK #1, IE#12)* (MY#13, SG#21, ID#28, CN#43)Talent development isn’t just a question of
education, it’s a question of fair growth opportunity (challenge and support) for men & women
* SOURCE: WEF Executive Opinion Survey, 2012-3
Paul Evans
Closing the Skills Gap: What works
BusinessGovernme
nt or Municipaliti
es
Educational
institutions