Indonesia’s human resource skills competitiveness has climbed slightly in the global rankings, reaching the 46th position in 2024, up from 47th the previous year, according to the IMD World Talent Ranking.
The 2024 IMD World Talent Ranking indicates a modest rise in Indonesia’s position on the global stage for talent competitiveness, amidst a survey of 67 countries, signaling incremental progress in aligning its workforce skills with global standards.
In Southeast Asia, Indonesia ranks third in talent competitiveness, trailing Singapore at second globally and Malaysia at 33rd. This positioning reflects ongoing regional dynamics where Indonesia, despite improvements, still lags behind its more developed neighbors.
Indonesia faces significant challenges in education and workforce readiness. Despite a robust interest from foreign talents—ranking 17th globally—the country needs more substantial improvements in its educational offerings and labor market adaptability.
Critical investment gaps in education and workforce training are evident, with Indonesia ranking low in terms of educational spending per student and overall investment in human capital development, which are crucial for enhancing talent competitiveness.
The example set by Singapore, with its high rankings in workforce readiness and ability to attract skilled labor, provides a roadmap for Indonesia. This suggests that proactive governmental policies and investment in high-quality education and training systems are key to improving competitiveness.
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Looking ahead, Indonesia needs to adopt comprehensive strategies that include boosting educational outcomes, enhancing workforce training, and increasing the attractiveness for high-skilled foreign workers to sustain and build on its competitiveness gains.
Indonesia’s rise in the IMD World Talent Ranking is a positive step, but continued efforts are required to address educational and workforce challenges to compete more effectively on the global stage.
Indonesia’s slight improvement in the IMD World Talent Ranking for 2024 highlights its ongoing journey towards enhancing human resource competitiveness. Strategic investments in education and workforce readiness are imperative for Indonesia to rise further in the rankings and achieve sustainable economic growth.
Sources: Warta Ekonomi, Media Indonesia (2024)
