The survey, which covers 103 countries, was conducted by business school Insead, Human Capital Leadership Institute in Singapore and Adecco.
Romania’s talent competitiveness was evaluated considering 70 criteria, including business environment and regulatory landscape, labor market flexibility, tolerance to immigrants and minorities, education, social security, the quality of life, healthcare, productivity and presence of professionals.
Romania is ranked first in the world regarding women’s access to the labor market and second concerning ease to start a foreign business.
On the other hand, regarding workforce competitiveness, Romania is dragged down by taxes. The Eastern European country is placed last but one in the world concerning taxation effect on employees.
Moreover, Romania is quite unattractive to foreign professionals, and fills the 91st spot in the rankings.
Switzerland is placed first regarding talent competitiveness and is followed by Singapore, Denmark, Sweden, Luxemburg, the Netherlands, the UK, Finland and the United States. Germany is ranked 16th and France comes on the 20th spot.
In Central and Eastern Europe, Austria ranks best and is placed 14th. It is followed by the Czech Republic (22nd), Estonia (23rd), Slovenia (25th), Montenegro (26th), Slovakia (27th), Latvia (30th), Poland (32nd), Lithuania (39th), Hungary (40th), Bulgaria (43rd), Croatia (45th), Russia (51st), Macedonia (52nd), Romania (63rd), Ukraine (66th) and the Republic of Moldova. (68th).