Denmark was ranked second out of 61 countries for developing, attracting and retaining talent, according to a recent World Talent Report published by the IMD World Competitiveness Center.
Denmark was once again beaten by Switzerland, which has maintained the top spot since 2007. However, Denmark was at the very top in several areas. According to IMD, Denmark was the top country for investment and development, employee training and achieved the highest score in total expenditure on education.
See also: Denmark spends most on education: OECD
Dorte Bech Vizard, the director of the Foreign Ministry's Invest in Denmark initiative, welcomed the report and said it would serve as another pull factor for skilled individuals.
“Access to skilled labour is often a key reason foreign companies choose Denmark. The well-educated, self-managed and top-motivated Danish labour force is an asset to any company,” she said.
“My hope is that the new IMD report will help Denmark attract even more talents and foreign companies,” Vizard continued.
Denmark has now been in the IMD’s top three countries since 2005, and is classified in its report as a talent competitive country for its “commitment to education, investment in the development of local talent and their ability to attract overseas talent”.
The Nordic countries as a whole fared well in the study, with Norway and Finland ranked fourth and sixth, respectively. Sweden lost out to a top ten position falling from nine in 2014 to 11th in this year’s report.
The report assessed countries based on three combined factors; investment/development, appeal and readiness. These three factors are evaluated from a broader spectrum of indicators, which include education, employee training, language skills, cost of living, worker motivation, quality of life, salaries and tax rates.
The second-place ranking in the IMD report comes just weeks after The World Bank Group’s Doing Business 2016 report ranked Denmark as the world's third best country for business. Earlier this month, the Legatum Institute’s 2015 Prosperity Index also put Denmark as the world’s third most prosperous nation.