Out of 125 countries, Estonia has been placed 23rd in the 2019 Global Talent Competitiveness Index, an annual benchmarking report compiled by INSEAD.
“We are happy to see that Estonia ranks in the top 25 out of so many countries in the world. We are working towards becoming even better and we see growing co-operation between government agencies and our employers to make Estonia one of the best places to live and work,” says Triin Visnapuu-Sepp, head of Work in Estonia, a government funded initiative to provide best experience in Estonia to top talents around the world. “And well, the number of expats coming to work in Estonia has already doubled in the past 5 years, especially in the tech sector, so in reality more and more people appreciate Estonia as a great place to live and work.”
Estonia ranks high on business and knowledge pillars
Estonia has high achievements in a number of important areas, according to the Global Talent Competitiveness Index. The country ranks first in new business density. In Estonia, a company can be established entirely online in just three hours. For ease of doing business, Estonia ranks 10th worldwide.
Notably, Estonia has improved in many other areas to empower talent when compared to the previous year’s results. For instance, government effectiveness, which also captures the quality of public services, is ranked 24th worldwide (previously 27th). The state offers hundreds of e-services to citizens and thousands more to businesses. Furthermore, people feel safer here (ranked 29th, previously 32nd) in terms of criminality or political terror, for example.
Parents may rest assured that their children are going to get a top-quality education in Estonia as we rank third in terms of how well students master key subjects in order to be prepared for real-life situations in the adult world, according to the survey. In addition, according to the latest report by PISA (Programme for International Student Assessment), Japan, Estonia, Finland and Canada are regarded as the four highest performing OECD countries.
We are one of the top 25 performers in terms of enabling talent. This is contributed to by the regulatory landscape (ranked 19th), the business and labour landscape (ranked 21st) and the market landscape (ranked 25th). The quality of regulatory activity is ranked 13th, while the relationship of pay to productivity ranked 15th. In Estonia, it is possible to face a high intensity of competition (ranked 11th), according to the World Economic Forum’s Executive Opinion Survey.
There is still room for improvement, though
In a number of areas performance has decreased if compared to the previous year. The score of collaboration across organizations is lower than last year (ranked 35th in 2019, but 29th in 2018). Also, the number of scientific journal articles has decreased (in 2019 ranked 26th, in 2018 ranked 18th).
Designated “the most advanced digital society in the world” by Wired, the country invites specialists across the world to accelerate their career in Estonia. Currently, there are hundreds of job offers on www.workinestonia.com website for international talent. If you have just relocated to Estonia, the International House of Estonia will help you settle in. To learn more about the consultation sessions provided, please click here.
The index published by the Business School for the World INSEAD, the Adecco Group, and Tata Communications compares how well countries and cities attract, nurture and retain talent. Talent competitiveness, according to the index, refers to the set of policies and practices that enable a country to develop, attract, and empower the human capital that contributes to productivity and prosperity. The index is based on an Input-Output model that combines an assessment of what countries do to produce and acquire talents with the kind of skills available to them as a result.