Wednesday 23 January 2019

Dublin in top 10 cities for attracting, keeping talent, but country lags behind


Dublin retains talent
Dublin retains talent

Dublin has been ranked seventh out of 90 cities for its ability to attract, develop and retain talent, according to the World Economic Forum.

However, the data highlights a significant gulf between the capital and the rest of the country.

In the Global Talent Competitiveness Index, compiled by international business school INSEAD, Dublin ranked ahead of other notable cities including San Francisco, Paris, London and Brussels.

Despite the capital's strong performance, Ireland as a whole did not feature among the top 10 countries for talent attraction and retainment, ranking 13th out of the 119 countries in the report.

That data highlights the challenge for the Government in shifting high-quality jobs beyond the Dublin region - a key pillar of the Ireland 2040 planning framework.

The study looked at six factors including the "enable" factor, which examined the regulatory, market, business and labour landscapes and whether they help attract people.


Other factors the report examined included "attract", which gauged the openness of a city or country; "grow", which looked at how well a country or city develops its talent; and "retain", which took into account how pleasant it is to live in a city or country.

The final two factors the report looked at when examining countries were the availability of workers with vocational and technical skills and those with global knowledge skills.

Switzerland topped the overall ranking, followed by Singapore and the US.

Meanwhile, when analysing cities, the report also looked at a "be global" pillar. This additional factor examined internationalisation within a city.

Dublin performed well under headings including "enable", "attract" and "be global", ranking first for its regulatory, market, business and labour landscape and scoring a top-10 ranking for each of the other two pillars.

European cities swept the board for their ability to attract and retain talent, with the top five positions made up of Zurich, Stockholm, Oslo, Cop- enhagen and Helsinki.

Earlier this month, Patrick Collison, co-founder of Stripe, said he was returning to Ireland to place a "big bet" on Dublin as the next European centre for technology.

"There's real engineering and tech talent, but as importantly people want to move to Dublin," he told the Irish Independent.

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