Mapping Global Talent: Essays and Insights - Heidrick & Struggles

Appendix C
Global Talent
Index weighting
Seven major areas were determined to be of importance
in researching and analysing the factors that determine
a country’s potential for producing talent. These are
listed here in the tables on the right. As the final step
in the data analysis, the project team from Heidrick &
Struggles and The Economist Intelligence Unit applied
their judgement to set the weights of the different
variables in the overall ranking by assigning scores from
1 to 5 for each variable (where 1 = unimportant and 5
= critical importance). For example, in assessing the
quality of compulsory education, the starting age of a
country’s compulsory education was judged to be much
less significant than its adult literacy rate which were
weighted 1 and 5 respectively. This process ensures that
the final scores include a degree of insight from the
project team based on its specialist knowledge of
the subject.
Heidrick & Struggles Mapping Global Talent: Essays and Insights
indicator weight: 1 to 5
Demographics
Population aged 20-59 nnnnn
CAGR Population aged 20-59 (%) 0
Quality of compulsory education sectors
Duration of compulsory education nnnn
Starting age of compulsory education 1 n
Current education spending (% of GDP) nn
Current education spending per pupil
as a % of GDP per capita
Primary school enrollment ratio (%) nn
nnnn
Secondary school enrollment ratio (%) nnnn
Mean years of schooling nnnn
Adult literacy rate (% of pop over 15) nnnnn
Pupil/Teacher ratio, primary nn
Pupil/Teacher ratio, lower secondary nn
Pupil/Teacher ratio, upper secondary nn
Quality of universities and business schools
Gross enrollment ratio ISCED 5 & 6 Total nnnn
Number of business schools
ranked in world’s top 100
Number of universities ranked
in world’s top 500
Expenditure per student for higher
education (as % of GDP per capita)
Quality of the environment to nurture talent
Share of the population aged 25-64
with tertiary level education
Percentage of higher education graduates
in the Social Sciences, Business and Law
Percentage of tertiary graduates
in the Sciences
nn
nnn
nnn
nnn
nn
nnnn
Researchers in R&D (per m pop) nnnn
Technicians in R&D (per m pop) 1 n
indicator weight: 1 to 5
R&D as % of GDP nnnnn
Cost of living nnn
Degree of restrictiveness of labor laws nnnn
Wage regulation 1 n
Quality of workforce nnnn
Local managers nnnn
Protection of intellectual property rights 1 n
Protection of private property nnn
Meritocratic remuneration nnnn
Mobility and relative openness of the labor market
Number of students studying overseas nn
Number of overseas students studying in
country as a % of tertiary enrollment
nnnn
Language skills of the labor force nnnnn
Hiring of foreign nationals nnnn
Openness of trade (exports + imports
% of GDP)
Stock and flow of foreign direct investment
Average flow of FDI in previous five years
(% of GDP)
Average stock of FDI in previous five years
(% of GDP)
Proclivity to attracting talent
0
nnn
nn
Technical skills of the workforce nnnn
Personal disposable income per capita
(US$ bn)
nnnn
Employment growth nnn
GDP per capita 0
GDP per capita (PPP) nnnn
Nominal USD GDP nnn
PPP GDP nnn
Real GDP growth (%) nnn