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