PH is 13th in Asia-Pacific, 60th in world in talent ranking for 2023

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THE Philippines is the 1th Asia-Pacific (APAC) nation in the International Institute for Management Development (IMD) World Talent Ranking (WTR) for 2023, which was released on Thursday.

Globally, the Philippines ranked 60th out of 64 countries, dropping from 54th in 2022.The country is also ranked 24th out of 27 countries with a population of over 20 million people.The country also ranked 62nd in terms of investment and development as in 2022. It placed 55th in appeal, and 51st in readiness, dropping from 35th and 43rd respectively in 2022.Singapore , Hong Kong , and Australia are the top 3 countries in the APAC region, according to the 2023 competitiveness rating.

'On the one hand, the widespread adoption of remote and hybrid work has implications for how career progression is perceived: 27 percent of the more than 4,000 executives surveyed for the WTR assert that remote work, whether full-time or part-time, is detrimental to career development in their company,' the IMD said in a press statement on Thursday.

 

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